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Macroeconomics

AUD/JPY rises to almost 99.00 after aggressive comments from RBA Governor Bullock

AUD/JPY is appreciating on improved risk appetite following reduced fears of a US recession. RBA Governor Michele Bullock expects no interest rate cuts in the near future. The Japanese yen could rise further due to the increasing likelihood of another…

USD/MXN extends downside to nearly 18.50 on expectations of Fed rate cut

USD/MXN extended the decline to around 18.60 in the early Asian session on Friday. Expectations of a Fed interest rate cut in September are supporting the Mexican peso. The Mexican peso remains strong despite a surprise interest rate cut by…

Nothing new on the table, the euro remains close to the 1.0900 mark

The single European currency remains in a narrow range near the 1.09 mark for the third day in a row after last Monday’s market turbulence subsided. The questioning of the US currency, which is mainly due to the liquidation of…

USD/CAD recovers to nearly 1.3750 ahead of Canadian employment data

USD/CAD rose slightly to near 1.3740 in early Asian trading on Friday. The recovery of the US dollar is supported by the positive initial claims in the US last week. On Friday, Canadian employment data will be in focus. The…

Hybrid working models have become the norm

On the radar The Romanian central bank cut its key interest rate by 25 basis points to 6.5 percent on Wednesday. The inflation rate in Hungary was 4.1% compared to the previous year. Today at noon CET, the Serbian central…

The euro remains in consolidation mode in a weak agenda near the level of 1.0950

The European single currency remains in a narrow trading range for the second day in a row as Monday’s market shock has subsided but investors remain extremely cautious. Yesterday did not bring any major surprises, as the European currency successfully…

USD/CAD extends downtrend at 1.3750, US initial jobless claims and geopolitical risks in sight

USD/CAD is trading weaker at around 1.3755 in the early Asian session on Thursday. The Governing Council saw a risk that consumer spending could be significantly weaker than expected in 2025 and 2026. Traders will be watching the weekly initial…

A tech crash shakes Asia and further yen madness

Thursday’s trading session in Asian markets felt like watching a train wreck on repeat, made all the more exciting as the interest rate saga intensified under the ever-watchful eye of the Bank of Japan. The Topix index in Japan set…