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FX Desk

Indian Rupee finds interim support from RBI's intervention

The Indian Rupee (INR) finds some buying interest against the US Dollar after a weak opening on Thursday. According to a Reuters report, the Indian central bank has likely intervened to limit the decl…

New Zealand GDP in the barrel with the Kiwi at July lows

New Zealand reports second-quarter growth later on Wednesday, or early on Thursday depending on where you are relative to the international date line, and the forecast is 0.1% for the quarter, down fr…

Trump demands 1% rates hours after the Fed raised them

Trump posted on Wednesday that US rates should be 1% or less and that the country has the strongest credit anywhere. He also wrote that cutting off trade with every nation the US runs a deficit with w…

The Euro breaks lower once the Fed raises rates

The Euro (EUR) trades just under 1.1500 against the US Dollar (USD) on Wednesday, through the pair of long-run averages that had held it up since early August. Both central banks in this pair have rai…

US Federal Reserve sends Gold to fresh one-month lows

Spot Gold (XAU/USD) is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366. The bright metal came under strong selling pressure after the United States (US) F…

United Kingdom: BoE hold view reinforced – Nomura

Nomura’s Global Markets Research team, including Josie Anderson, George Buckley and Andrzej Szczepaniak, notes that UK CPI data for August came in broadly as expected, with headline inflation at 3.1% …

Australian Dollar holds ground as Fed decision looms

AUD/USD trades in a narrow range on Wednesday as investors hold back from taking strong positions ahead of the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, AUD/USD tra…

British Pound: BoE repricing risk grows – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is trading heavy near its 200-day moving average as United Kingdom (UK) gilts stabilize. August Consumer Price Index (CPI) slightly exceeded …