Tag: USD
-
Ringgit Opens Higher on Last Day of 2025 Despite Fed Outlook
Ringgit edges higher as year-end US dollar softens The ringgit extended its rally on the last day of 2025, nudging higher against the U.S. dollar as global markets assessed the latest Federal Reserve signals. Local traders in Kuala Lumpur reported modest gains for the Malaysian currency in early trading, with the ringgit trading above the…
-
PKR Extends 67th Day of Gains Against USD as Rupee Climbs vs Major Currencies
Overview: PKR Extends Winning Streak Against USD The Pakistani rupee (PKR) continued its surprising strength against the United States dollar (USD), marking the 67th consecutive day of gains in late trading on Friday. Investors cheered a combination of improving domestic macro signals, cautious optimism about IMF program progress, and a generally softer greenback, helping the…
-
Mexican Peso Surges as U.S. Dollar Softens on Fed Rate Cut Bets
Market Summary: Peso Strength Follows a Weaker U.S. Dollar The Mexican peso advanced against the U.S. dollar on Tuesday, with traders citing renewed confidence that the Federal Reserve could begin cutting interest rates in December. The peso’s rally came as the dollar softened more broadly, helping to lift risk appetite in Latin American currencies and…
-
Mexican Peso Rises as U.S. Dollar Weakens on Fed Rate Cut Bets
Mexican Peso strengthens as dollar weakens The Mexican Peso advanced on Tuesday, trading around the 18.38 per dollar level as a softer U.S. dollar boosted sentiment across Latin American currencies. Traders scaled back expectations for aggressive U.S. rate hikes and instead priced in a potential Federal Reserve rate cut later this year, providing much-needed relief…
-
AUD/USD Dips as Aussie PMI Looms and RBA Inflation Focus Holds Markets
USD Dips Ahead of Australian PMI as RBA Monitor Inflation The currency pair AUD/USD traded around 0.6440 in European trading on Thursday, edging lower as investors positioned themselves ahead of the flash S&P Global Purchasing Managers’ Index (PMI) for November. The broader backdrop remains cautious, with traders balancing domestic Australian data against ongoing U.S. dollar…
-
USD Treads Lower as AUD Pauses Ahead of Australian PMI and RBA Inflation Watch
USD weakness persists ahead of Australian PMI and RBA commentary The U.S. dollar continued to soften on Thursday as traders positioned for upcoming Australian data, with the AUD/USD pair trading lower around 0.6440 at the time of writing. Market attention has shifted to the flash S&P Global Purchasing Managers’ Index (PMI) for November, due for…
-
USD Drops as Australian PMI Looms and RBA Watches Inflation
USD Slips as Australian PMI Data and RBA Inflation Watch Drive Markets The U.S. dollar softened against major peers on Thursday, while the AUD/USD pair traded around 0.6440 as traders braced for the flash S&P Global PMI data for November. The market mood remained cautious as investors weighed the latest signs on inflation and monetary…
-
Peso Reaches New Record-Low of P59.17 per $1 as USD Strengthens
Philippine peso sinks to record low amid global dollar strength The Philippine peso hit a fresh record-low on Wednesday, sliding to around P59.17 per $1 as investors continued to weigh political developments at home against a broad rally in the U.S. dollar. The local currency declined for the second consecutive trading session, extending a trend…
-
Dollar Hits 3-Month High as Traders Reprice Bets on Fed Cuts
Dollar at a Three-Month Peak as Fed Expectations Shift The U.S. dollar held firm near a three-month high on Tuesday, supported by a split in Federal Reserve expectations that cooled near-term rate-cut bets. Traders paused after rallying in recent sessions, weighing the possibility that the central bank will maintain higher-for-longer policy for longer than some…
-
Dollar Holds Near 3-Month High as Fed Divisions Pause Near-Term Rate-Cut Bets
Dollar Holds Near Three-Month High Amid Federal Reserve Uncertainty The U.S. dollar hovered just below a three-month peak on Tuesday as market participants reassessed bets on when the Federal Reserve might cut rates. A chorus of voices within the Fed has signaled a cautious stance on near-term easing, leaving traders to pare expectations for a…