The Kiwi pair struggles on Friday ahead of US NFP data. US dollar is strongly favored by the Fed policymakers comments and the FOMC minutes. Virus woes in New Zealand and Australia weighs on the consumer sentiment and exerts downward pressure on the NZD/USD pair. The Kiwi pair is under pressure on Friday. The [...]
Gold prices had a drop in Asia due to the hawkish bias from Fed. Favorable ADP Employment report favors US dollar and raises expectation for the non-farm payrolls numbers. Covid woes due to the new variant founded by France also weighs on the market sentiment and underpins bearish trend for XAU/USD. The yellow metal [...]
The yen fell to a near five-year low against the U.S. currency on Wednesday and saw losses on other crosses. The rationale behind the move can be linked to investors bet that the Bank of Japan (BOJ) would fall behind its counterparts in tightening monetary policy to curb high inflation. Market’s receding fears of the [...]
Pound trades low against the greenback during the Tuesday morning Asian session. A jump in Treasury yields overnight as traders bet on an early Federal Reserve interest rate hike despite of the surging COVID-19 cases, favored the US dollar. The coronavirus fears in the UK and Brexit woes also underpins the bearish trend of the [...]
