Market news
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Indian Rupee Holds Ground as RBI Ends FCNR Swap Window Early
The rupee traded firmer against the dollar on Monday, recovering after two sessions of losses despite the RBI winding down its FCNR forex swap window ahead of schedule.
Euro seen targeting 1.1600 as dollar index softens
The euro is expected to extend gains toward 1.1600 after softer US data pressured the dollar index. A break below 99.40 could open the way toward 99 or lower.
Gold holds near June 5 high as softer Fed rate bets weigh on dollar
Gold is trading near its June 5 high after rebounding from the $4,300 area, supported by fading Fed rate hike bets that are pressuring the US dollar.
EUR/USD Rally Faces Key Resistance at 1.1580
EUR/USD has tested the 1.1580 resistance zone on the 4-hour chart and remains above its 100 and 200 simple moving averages, with bulls watching a major overhead hurdle.
Dollar Index Slips Toward 99.50 as Fed Rate Hike Bets Ease
The US Dollar Index weakened to near 99.50 in Asian trading on Monday after soft US retail sales data pushed traders to lower Federal Reserve rate hike expectations.
Silver Price Forecast: XAG/USD bulls look for $66.00 acceptance and 100-day EMA breakout
Silver builds on last week's bounce from mid-$63.00 as bulls seek a daily close above $66.00 and the 100-day EMA.
Australian Dollar Climbs as RBA Stays Hawkish
AUD/USD rises for a second straight day, trading near 0.7090 in Asian hours as the Reserve Bank of Australia maintains a hawkish policy outlook.
USD/CAD falls for third day as softer dollar and higher oil support loonie
USD/CAD extended its decline for a third consecutive session, trading near 1.3870 in Asian hours on Monday as a weaker US dollar and rising oil prices supported the Canadian dollar.
New Zealand Dollar Breaks Above 0.5900 as US Dollar Stays Soft
NZD/USD climbed above the 0.5900 level for the first time since June 3, supported by continued US dollar weakness.
PBOC Sets Dollar-Yuan Reference Rate at 6.7873
The People's Bank of China fixed the USD/CNY central rate at 6.7873 on Monday, slightly lower than Friday's fix of 6.7878.
USD/JPY Extends Slide Toward 159 as Yen Firms After Japan GDP
USD/JPY traded near 159.10 in Asian hours on Monday, losing ground for a second straight day as the yen held firmer after Japan's preliminary Q2 GDP release.
British Pound Trades Near Three-Month Top as Fading Fed Hike Bets Weigh on USD
GBP/USD drew dip-buyers early in the week and climbed above the mid-1.3500s during Asian trading, moving closer to a three-month high as reduced Fed tightening bets pressured the dollar.
Gold climbs toward $4,400 as cooling US inflation trims Fed hike bets
Gold traded near $4,395 in early Asian hours Monday, extending gains after softer US inflation data reduced expectations for Federal Reserve rate hikes despite US-Iran tensions.
Euro Climbs Past 1.1550 as Fed Rate Hike Bets Fade
EUR/USD trades near 1.1575 in early Asian hours Monday as softer US data and shifting central bank expectations weigh on the dollar.
Aussie Dollar Edges Toward 0.7100 as Fed Hike Bets Fade
AUD/USD traded with mild gains near 0.7090 in early Asian hours Monday as fading Federal Reserve rate-hike expectations pressured the US dollar.
US Dollar Index tests 0.618 support arc, eyes 98.55 breakdown
The US Dollar Index is pressing against a key Arc Cycle support on the 4-hour chart, with a bearish breakdown potentially targeting 98.55.
CFTC: FX Repositioning Dominates as Commodities Diverge
CFTC data for the week to August 11 shows speculators turning more selective, with FX repositioning dominant and gold drawing the strongest inflow.
Weekly Recap: Crypto Revenue Falls Across Major Platforms; eToro Bets $231M on TradeZero
Weak crypto markets cut Q2 digital-asset revenue at eToro, Robinhood and Coinbase, while eToro agreed to buy US brokerage TradeZero for up to $231 million.
AUD/USD bulls target 0.7100 after US retail sales miss
The Australian dollar advanced on Friday as weaker US retail sales boosted speculation the Federal Reserve may hold off on raising rates.
Mexican Peso Touches 24-Month High as USD/MXN Dips Below 17.00
USD/MXN traded below 17.00 for the first time in 24 months before buyers stepped in, while Banxico minutes remain in focus.
Societe Generale: Yuan Steady Appreciation Supported by PBoC
CNY has strengthened to 6.7424, its best level since February 2023, as dollar weakness and the PBoC’s stance support the currency, SocGen says.
XTB Examines Systematic Internalizer Model to Cut Trading Costs
XTB is exploring systematic internaliser arrangements for stock and ETF execution to cut costs while keeping zero commissions, its trading board member said. The idea remains exploratory as a PLN 20 million KNF fine keeps controls in focus.
Dollar Extends Slide Below 100 as FOMC Minutes Loom
The U.S. dollar index slipped further on Friday, staying under 100.00 at fresh lows after another round of soft U.S. data, with FOMC minutes due next week.
USD/KRW Under Pressure as Foreign Inflows Support Won: Commerzbank
Commerzbank says foreign inflows and exporter demand are supporting the South Korean won, while the Kospi has rebounded 29.5% from its late-July low.