Currency

AUD/USD records a third week of gains, fueled by unexpected inflation data and hawkish expectations from the Reserve Bank of Australia. Mixed economic indicators from China add complexity to economic outlook.

2024-07-01T06:45:00+0100

Bank of Japan discussed the weaker yen and timely hike, but the committee strikes slightly hawkish tone; USD/JPY comes perilously close to the significant 160 mark and US PCE is a major risk event for the week.

2024-06-25T04:03:19+0100

The AUD/USD has been trapped in a .6550 – .6720 range for six weeks. Traders hope that tomorrow’s RBA meeting and China's falling home prices might spur further stimulus, potentially benefiting the AUD/USD.

2024-06-17T07:17:05+0100

​​​AUD/USD, EUR/USD and GBP/USD bounce off Thursday’s lows​ ahead of Friday’s US PCE inflation reading.​

2024-06-03T00:26:23+0100

​​EUR/JPY, USD/JPY continue to advance while AUD/USD stalls​​ amid rising yields and a stronger US dollar.​

2024-05-30T01:31:00+0100

​​​AUD/USD revisits support while EUR/USD consolidates and USD/JPY probes upside​ amid Fed ‘rates higher for longer’ talk.​

2024-05-22T01:28:07+0100

This week IG's Chief Market Analyst, Chris Beauchamp, looks at USD/CAD, going long at C$1.3677 with a stop at C$1.36, in expectation of a move higher on US dollar strength.

2024-05-14T00:10:25+0100

With the Yen nearing a crucial value, Finance Minister Suzuki assures close monitoring and potential measures to stabilize forex fluctuations as the USD/JPY approaches intervention territory.

2024-04-16T04:39:16+0100