AUDUSD Correction Up
#market_pulse #currencies
💸Dollar Gains as Traders Trim US Rate Cut Bets
▫️ Dollar vs Major Currencies: The dollar is heading for its largest weekly rise in a month and a half, driven by strong U.S. economic data. The dollar index is up nearly 0.6% for the week, sitting at 105.1.
▫️ Japanese Yen: The dollar is up almost 1% against the yen this week, trading at 157.11 yen. Despite rising Japanese bond yields, the yen remains weak due to attractive dollar carry and market concerns over inflation.
▫️ Australian Dollar: The Aussie dollar slipped to $0.6592, down 1.4% for the week, failing to hold a key chart level of $0.6650.
▫️ New Zealand Dollar: The kiwi remains 0.6% weaker on the week at $0.6098, despite support from a hawkish Reserve Bank of New Zealand.
▫️ Euro: The euro traded at $1.0809, down 0.5% for the week. It was helped slightly by a European wage indicator but remains under pressure with ECB rate cut expectations high.
▫️ Chinese Yuan: The yuan was steady at 7.2454 per dollar, eyeing its steepest one-week fall since March amid ongoing China-Taiwan tensions.
👀 Key Developments to Watch:
Final German GDP figures
British and Canadian retail sales
U.S. durable goods orders
Speeches from ECB and Federal Reserve policymakers, especially Fed Governor Christopher Waller on longer-term rates
💵💵💵
GET $20,000 JUST FOR $99
💸Dollar Gains as Traders Trim US Rate Cut Bets
▫️ Dollar vs Major Currencies: The dollar is heading for its largest weekly rise in a month and a half, driven by strong U.S. economic data. The dollar index is up nearly 0.6% for the week, sitting at 105.1.
▫️ Japanese Yen: The dollar is up almost 1% against the yen this week, trading at 157.11 yen. Despite rising Japanese bond yields, the yen remains weak due to attractive dollar carry and market concerns over inflation.
▫️ Australian Dollar: The Aussie dollar slipped to $0.6592, down 1.4% for the week, failing to hold a key chart level of $0.6650.
▫️ New Zealand Dollar: The kiwi remains 0.6% weaker on the week at $0.6098, despite support from a hawkish Reserve Bank of New Zealand.
▫️ Euro: The euro traded at $1.0809, down 0.5% for the week. It was helped slightly by a European wage indicator but remains under pressure with ECB rate cut expectations high.
▫️ Chinese Yuan: The yuan was steady at 7.2454 per dollar, eyeing its steepest one-week fall since March amid ongoing China-Taiwan tensions.
👀 Key Developments to Watch:
Final German GDP figures
British and Canadian retail sales
U.S. durable goods orders
Speeches from ECB and Federal Reserve policymakers, especially Fed Governor Christopher Waller on longer-term rates
💵💵💵
GET $20,000 JUST FOR $99
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.