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US dollar stabilized pre-key inflation report; Canadian dollar strengthened amid renewed Middle East uncertainties, halting oil price declines.
Tuesday: The dollar is hesitant; investors digest US payroll. Yen near 34-year lows; market wary of Japanese intervention.
USD steady Monday, watching inflation and US bond yields. The Fed may cut 50% in June. AUD up on commodities; iron ore futures rise on China demand.
Thursday saw the dollar below peaks while awaiting a US jobs report for rate clues. The Swiss franc fell on easing inflation.
The dollar hovered near a four-month high Wed. Traders anticipate Fed rate cuts of around 70 bps this year, with easing likely beginning in July.
The dollar nears a 4.5-month high as traders ease bets on a Fed rate cut. CME's FedWatch tool sees a 61.3% chance of a June pivot.
USD weak on Monday due to US inflation cooling, raising June rate cut expectations; CHF near 4-mo low on the Swiss rate cut may align with EUR.
2023.3.29 USD flat, Q1 up vs. majors. Yen below 152 prompts a Japan emergency meeting. FM blames speculation and prepares an intervention.
Fed governor Chris Waller's reassurance about interest rates, despite early-year inflation, steadied the dollar on Thursday.
Strong US data raised doubts on rate cuts, lifting the dollar and pushing the yen to a 30-year low. The Aussie slipped on weak inflation.
Tuesday saw the dollar decline due to profit-taking and pressure from a firmer yen, fueled by ongoing Japanese government efforts to support it.
On Monday, the dollar surged, keeping the yen near a multi-decade low. Despite recent warnings from officials, the yen remains subdued.
The dollar is poised for a second week of gains as BOJ's rate hike fails to impress. The Swiss franc hits a 4-month low after a surprise SNB rate cut.
Thursday saw the dollar drop post-Fed's steady interest rate cut projections. Australia surged with robust employment data from last month.
Wednesday: Yen near 4-month low vs. dollar, 16-year low vs. euro. Traders expect Japan to keep its accommodative monetary policy after the rate hike.