Bank of America Sees AUD/NZD Weakness on Diverging Central Bank Policies
Bank of America recommends selling the Australian dollar against the New Zealand dollar, forecasting that the RBNZ will hike rates while the RBA remains on hold through 2024.
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Forex
The latest forex coverage from the TrustFinance editorial desk.
Latest in Forex
Pound Sterling Holds Steady Near One-Month Low as Traders Await Fed Rate Decision
The British pound traded flat against the U.S. dollar on Wednesday, hovering near its weakest level in almost a month, as foreign exchange markets awaited the Federal Reserve's crucial interest rate announcement.
Japan PM's Sliding Polls Complicate Market Battle Over Yen and JGBs
Plummeting approval ratings are forcing Japanese Prime Minister Sanae Takaichi to stick with expansionary fiscal policies, undermining her administration's efforts to calm nervous bond and currency markets.
Eurozone Bond Yields Rise on Middle East Tensions, Hawkish Fed Outlook
Government bond yields across the eurozone increased Wednesday, driven by a spike in oil prices following Middle East escalations and investor anxiety ahead of a key U.S. Federal Reserve policy decision.
Australian Dollar Weakens on Tame Inflation as Markets Brace for Fed Decision
The Australian dollar declined after inflation data came in below expectations, reducing rate hike bets, while most other Asian currencies held steady as investors awaited the U.S. Federal Reserve's policy announcement.
Canadian Dollar Edges Higher as Traders Await Federal Reserve Rate Decision
The Canadian dollar gained modestly against its U.S. counterpart on Tuesday, but the advance was capped by a sharp drop in oil prices as investors focused on the upcoming Federal Reserve policy announcement.
South African Rand Steady as Traders Await U.S. Federal Reserve Rate Decision
The South African rand traded flat against a strengthening dollar on Tuesday, with investors cautiously awaiting the U.S. Federal Reserve's upcoming interest rate announcement. The currency faces pressure from falling gold prices and market disappointment over the South African Reserve Bank's recent policy hold.
Pound Slips as Dollar Strengthens Ahead of Federal Reserve Policy Decision
The British pound and the euro both lost ground against a strengthening U.S. dollar on Tuesday, as traders positioned for a potentially hawkish outcome from the Federal Reserve's upcoming policy meeting.
UBS Lifts USD/SGD Forecast on Hawkish Fed, MAS Policy Tightening
UBS has increased its price targets for the U.S. dollar against the Singapore dollar, citing the Federal Reserve's persistent hawkishness and a recent policy adjustment by the Monetary Authority of Singapore.