Markets

This trend could give rise to further demand for the US dollar

The US dollar is still in strong demand from currency speculators. Net long positioning, hedge funds and other leveraged investors are at the highest level since November 2015. The collapse of the Turkish lira saw the USD break above its recent trading range at the end of last week. The […]
This trend could give rise to further demand for the US dollar
Markets

Citi says the Aussie dollar can hold above US80 cents

Citi analysts are forecasting that the Australian dollar will hold above US80 cents in the medium-term as broader US dollar weakness continues. The Citi team also said that market expectations on interest rates and stronger commodity prices will support the AUD against its US counterpart. Still, when the it comes […]
Citi says the Aussie dollar can hold above US80 cents
Markets

The Australian dollar fell on weak inflation data

The Australian dollar is lower following weaker than expected inflation data. Headline inflation for the June quarter increased by 1.9%, against a forecast rise of 2.2%. Quarterly inflation was just 0.2%, missing expectations of 0.4%. Underlying (or core) inflation was more stable, rising annually by 1.8% against a forecast increase […]
The Australian dollar fell on weak inflation data
Markets

Canada lifted rates, and its dollar went nuts

The Canadian dollar rose to an 11-month high against the greenback overnight, after the Bank of Canada’s decision to raise interest rates. The BoC moved the benchmark cash rate up by 0.25% to 0.75%, and the “loonie” is buying more than US78 cents for the first time this year: While […]
Canada lifted rates, and its dollar went nuts
Markets

The euro is going strong and bullish bets are here to stay

It looks like the strength in the euro could be here to stay as traders increase their bullish bets on the currency. Research by John Higgins at Capital Economics shows that non-commercial futures positioning for the euro turned positive in May for the first time in three years. Non-commercial positions […]
The euro is going strong and bullish bets are here to stay
Markets

CHART: The Aussie dollar just traded above US75 cents

The Australian dollar has continued its momentum in Asian trade, climbing above US75 cents a short time ago. In a relatively quiet day on markets, the Aussie is finding more buyers after gaining 0.35% against the greenback overnight: The Aussie climbed further above US75 cents as European markets opened but […]
CHART: The Aussie dollar just traded above US75 cents
Markets

CHART: South Africa’s currency is getting thumped on the markets

The South African rand has been crushed in the wake of political upheaval in the ruling African National Congress party. On Monday, ratings agency S&P cut South Africa’s credit rating to junk status and the rand promptly fell by 2% against the US dollar. Junk debt, as it is known, […]
CHART: South Africa’s currency is getting thumped on the markets