USD/CNH: Further USD strength to 7.1600 and 7.1900 possible – UOB Group
The US Dollar (USD) is likely to trade in a range between 7.1100 and 7.1430.
GBP/USD: Can decline further to 1.2940 – UOB Group
Oversold decline has not stabilised; the Pound Sterling (GBP) could decline further to 1.2940.
NZD/USD: Likely to decline further – UOB Group
The New Zealand Dollar (NZD) is likely to trade in a range between 0.6035 and 0.6090.
AUD/USD: Levels to monitor are 0.6650 and 0.6620 – UOB Group
The Australian Dollar (AUD) is likely to trade in a 0.6660/0.6720 range.
Rupee trades in narrow range against U.S. dollar in early trade
Rupee strengthens against dollar on softer oil prices and RBI intervention, while trade deficit narrows, impacting currency.
Japanese Yen remains on the back foot against USD amid BoJ rate-hike uncertainty
The Japanese Yen (JPY) ticks higher against its American counterpart during the Asian session on Thursday and reverses a part of the overnight losses back closer to the lowest level since early August.
Rupee falls 5 paise to close at 84.07 against US dollar
Rupee traded in a narrow range and settled for the day lower pressured by foreign fund outflows, a negative trend in domestic equities
USD/JPY: Breach of 148.40 to indicate USD is not rising further – UOB Group
The US Dollar (USD) is expected to trade in a range, likely between 148.90 and 149.90.
EUR/USD: Expected to reach 1.0825 – UOB Group
EUR is expected to decline gradually, potentially reaching 1.0825.
USD/INR gathers strength as traders brace for US Retail Sales data
The Indian Rupee (INR) trades with mild losses on the stronger US Dollar (USD) on Thursday.
USD/JPY Price Forecast: Rebounds off weekly lows, bulls target 150.00
The US Dollar prints solid gains of more than 0.30% against the Japanese Yen after the pair dropped to a two-day low of 148.85, yet buyers bought the dip and push the exchange rate higher.
US Dollar strong as markets turn their focs to September's Retail Sales
The US Dollar Index (DXY), which measures the value of the USD against a basket of six others, continues rising as financial markets are doubling down on a Donald Trump win in the US presidential election.
GBP/USD Price Forecast: Tumbles to two-month low below 1.3000 on soft UK CPI
The Pound Sterling dived following a softer-than-expected UK inflation report, which dragged the GBP/USD exchange rate to a two-month low of 1.2981.
Rupee rises 4 paise to settle at 84 against US dollar
Rupee trades in narrow range amid strong dollar, weak equities, and RBI intervention, supported by lower crude oil prices.
AUD/USD: Can decline further to 0.6650 – UOB Group
The Australian Dollar (AUD) could decline further to 0.6650; the major support at 0.6620 is likely out of reach.
DXY: Caught between two forces – DBS
The Dollar Index (DXY) failed thrice over the past two days to trade above the significant resistance of around 103.30, DBS’ FX analyst Philip Wee notes.
Australian Dollar depreciates as US Dollar remains solid due to less-dovish Fed
The Australian Dollar (AUD) extends its losing streak for the third consecutive day against the US Dollar (USD) on Wednesday, despite hawkish comments from Reserve Bank of Australia (RBA) Deputy Governor Sarah Hunter.
Australian Dollar extends losses towards dangerous levels
The AUD/USD pair declined by 0.40% to 0.6705 in Tuesday's session as the Australian Dollar faced renewed selling pressure.
EUR/USD extends decline as ECB rate call looms ahead
EUR/USD fell further into the bearish side on Tuesday, declining one-fifth of one percent and slipping below the 200-day Exponential Moving Average (EMA).
EUR/USD: Unlikely to break clearly below 1.0860 – UOB Group
The Euro (EUR) is expected to edge lower; due to mild momentum, any decline is unlikely to break clearly below 1.0860.
EUR: Bracing for tomorrow's ECB decision – ING
The euro received some unusually positive news on the activity side yesterday, as the ZEW surveys came in slightly stronger than expected in Germany (13 vs 10) while rebounding quite markedly (from nine to 20) in the eurozone-wide index, ING’s FX analyst Francesco Pesole notes.
GBP/USD Price Forecast: Remains confined in a range below 1.3100 ahead of UK CPI
The GBP/USD pair extends its sideways consolidative price move on Wednesday and remains confined in a familiar range held over the past week or so.
GBP/USD: 1.3000 seems out of reach for now – UOB Group
There has been no further increase in momentum; a breach of 1.3125 would suggest that 1.3000 is out of reach, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Japanese Yen remains on the defensive amid bullish USD, lacks follow-through
The Japanese Yen (JPY) strengthened against its American counterpart on Tuesday and reversed a major part of the previous day's losses to the lowest level since early August.
NZD/USD: Major support at 0.6005 is likely out of reach – UOB Group
The New Zealand Dollar (NZD) is likely to decline further; the major support at 0.6005 is likely out of reach (there is another support at 0.6030).
USD/CNH: Sudden surge suggests further USD strength to 7.1600 – UOB Group
USD strength is likely to continue; the levels to monitor are 7.1480 and 7.1600.
Rupee trades in narrow range against US dollar in early trade
Rupee depreciates against dollar due to foreign fund outflows, strong dollar, and weak equities, but RBI intervention expected.
USD/JPY Price Forecast: Dips towards 149.00 on falling US yields
The USD/JPY slipped over 0.30% on Tuesday due to risk aversion and falling US Treasury bond yields.
USD/JPY: Likely to trade in a 148.55/149.60 range – UOB Group
The US Dollar (USD) is likely to trade in a 148.55/149.60 range.
last updated on 17 Oct 12:20