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Last week, an unusual joint statement from the US, Japanese, and South Korean authorities pledged to act against excessive currency volatility. This had an immediate easing impact on the US Dollar, which seems to have faded on Monday. Yen's weakness helps Japanese exporters to sell their products on

The US Dollar maintains a bid tone and is testing 154.78 high.The Yen remains weighed by interest rate differentials between the Fed and the BoJ.Friday’s BoJ momentary policy statement might give a fresh impulse to the Yen. Nothing stops the US Dollar. Neither the moderate risk appetite seen on Mond

Despite the bullish momentum being halted, the DXY pair appears well-supported by its position above the 20,100 and 200-day Simple Moving Averages (SMAs), suggesting ongoing bullish sentiment. The Relative Strength Index (RSI), being flat in positive territory, leaves room for possible bullish incur

A hawkish turn from the Fed, coupled with additional US Treasury supply, could fuel additional upward movements in the US Treasury bond yields. This scenario can drive further Greenback gains following market adjustments to the Fed's actions. According to market expectations, investors assign a 15%

US Dollar Index shows steady momentum, holds above 106.00. Investors will eye bond auctions in the US as increased supply may fuel a hike in US yields. Along with mid-tier reports, the week’s highlight will be March’s Personal Consumption Expenditures (PCE) data. The US Dollar Index (DXY) is mildly

The Mexican Peso is on the defensive after depreciating to fresh five-month lows past 17.90. Key resistance levels were broken during the USD/MXN rally, with the 200-day Simple Moving Average (SMA) pierced at 17.16. Although buyers hadn’t been able to achieve a daily close above the latter, the risk

INEGI revealed the Economic Activity Indicator in February expanded by 1.4% MoM, up from a -0.9% contraction, and 4.4% YoY, better than the 2% in January. Banxico Governor Rodriguez Ceja added that services inflation is not showing a clear downward trend. She added that the Peso’s strength has, at s

Mexican Peso dips further despite upbeat economic figures from Mexico. Higher US yields, strong US Dollar continue to limit Peso gains, keeping it above crucial 17.00 level. Banxico Governor Victoria Rodriguez suggests that upcoming election risks are factored into inflation projections, maintaining

In the mid-term, the Euro is expected to remain on the defensive on the diverging monetary policy outlook of the Fed and the ECB. Recent data has reinforced the US “no-landing” view, forcing the Federal Reserve to delay and downsize its easing plans for 2024. The ECB, on the contrary, has been givin

Euro recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro. This week the US GDP and PCE Prices Index figures might give a fresh boost to the USD. Euro bears remain in control on

The Euro bounced up strongly after Friday's reversal, but it has stalled below the 0.9730 - 40 area. Weak eurozone Consumer Confidence data has eroded confidence in the Euro. Failure to extend gains beyond 0.9740 might give hope for bears to retest 0.9675. The Euro bounced up sharply after fears of

NZD/USD recaptures 0.5900 as the RBNZ is expected to pivot to rate cuts after the Fed. The USD Index moves higher as the strong US economic outlook allows the Fed to maintain interest rates higher. Fed Bostic expects that conditions for rate cuts won’t be favorable towards the end of the year. The N

The major release for AUD in the week ahead is Australian Consumer price Index (CPI) data for the first quarter of 2024, out on Wednesday, April 24. Analysts expect Q1 CPI to rise 0.8%, compared to 0.6% in Q4, though base effects will see the annual pace easing to 3.4%, from 4.1%. “Westp

AUD/USD is fairing better than most USD pairs partly because commodities, which Australia is a major exporter of, are holding their value better than expected. “The ongoing squeeze in global commodity prices are helping shield the Aussie somewhat on crosses. The LME’s base metals index rose 5.

The US Dollar remains strong in most pairs despite the fall in safe-haven flows. This is due to the fact that markets expect data out of the United States this week to show continued economic growth. “The US preliminary April PMIs (Tuesday), Q1 GDP (Thursday) and March Personal Income and Outl