Currency & Forex News

China: Constrained but still central to growth – Rabobank

RaboResearch stresses that China’s production-oriented model, weakened by property and debt strains, increases reliance on manufacturing exports as US market access narrows.

USD/CHF Price Forecast: Double top threatens 0.8220 support

The USD/CHF struggles at 0.8350, dives below the 0.8300 figure as a ‘double top’ chart pattern looms in the daily chart, even though the overall trend is up. The pair trades at 0.8269, down almost 1%.

Vietnamese Dong: Trade deal hopes and stable FX – Commerzbank

Commerzbank analysts discuss Vietnam’s progress toward a US trade deal, which officials say is essentially complete and could be signed soon. The agreement aims to address tariffs, transshipment and regulatory standards, potentially easing a key growth headwind.

Gold defies 6.3% US PPI as Treasury yield slide fuels rally

Gold price climbs after another US inflation report on Thursday. Although the snapshot of US wholesale inflation came in hotter than expected, it was already priced in by investors, who trimmed their hawkish bets on the Federal Reserve (Fed).

Canadian Dollar hits two-week highs as US Dollar retreats

USD/CAD loses nearly 0.30% on Thursday as falling US Treasury yields weigh on the US Dollar (USD). Concerns over debt-funded AI investments drive investors away from equities and into government bonds.

Singapore Dollar: Range risks against US Dollar after MAS hold – OCBC

Christopher Wong at OCBC Bank highlights that Monetary Authority of Singapore (MAS) kept its appreciating S$NEER policy stance unchanged after two prior tightening rounds, with output gaps and inflation forecasts suggesting less urgency for further moves.

Crypto firm Binance.US seeks to raise $100m at $1bn valuation

Forex Today: Focus shifts to Warsh and more US data

The US Dollar (USD) has come under strong and renewed downside pressure on Thursday, briefly revisiting the area of multi-day lows amid the equally marked decline in US Treasury yields across the board and a generalised cautious tone amid market participants.

Dollar Index loses its CPI gain as AI stocks slide

An artificial intelligence (AI) stock rout has pushed money into Treasuries, and the Dollar Index gave back its gain on Wednesday's Consumer Price Index (CPI) print. It dropped from Wednesday's high just under 103.00, its highest in 18 months, to just under 101.90, its lowest since October 7.

New Zealand Dollar rebounds toward 0.5600 as RBNZ signals further rate hikes

NZD/USD trades around 0.5600 on Thursday at the time of writing, gaining 0.18% on the day. The New Zealand Dollar (NZD) benefits from a weaker US Dollar (USD), as falling US Treasury yields and hawkish comments from the Reserve Bank of New Zealand (RBNZ) support the currency.

Silver Price Forecast: XAG/USD rebounds, but bearish technical outlook persists

Silver (XAG/USD) stages a rebound on Thursday after sliding nearly 6% the previous day.

British Pound surges as hot US PPI fails to revive Fed hike bets

The Pound Sterling (GBP) registers solid gains against the US Dollar (USD) on Thursday, even though the latest US inflation data, rather than fueling speculation of an October Fed hike, is nearly cementing the case for December.