Why currencies can fall after rate hikes and rise after cuts
Central bank decisions move markets based on deviations from expectations, not the rate change itself. The RBNZ's rate hike weakened the NZD due to a dovish…
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
Central bank decisions move markets based on deviations from expectations, not the rate change itself. The RBNZ's rate hike weakened the NZD due to a dovish…
USD/JPY fell to 159.60 after earlier reaching 160.40, its highest since 31 July, raising questions about possible Tokyo rate checks.
RBNZ Governor Breman says rate path unchanged from May, and policy remains supportive despite recent hike.
The RBNZ raised its cash rate by 25bp to 2.75%, as widely expected.
US dollar strengthens to new highs against major currencies, supported by rising oil and yields amid Middle East tensions after Trump said US strikes Iran.
The Australian dollar bounced from last week's lows near 0.7139, now testing the 200-hour moving average at 0.71635.
ECB's Nagel said the global economy remains on a growth trajectory despite Middle East tensions and welcomed coordinated JPY intervention.
The US dollar strengthens against all major currencies as Treasury yields rise, with the euro zone core inflation easing and markets eyeing a September rate…
Bessent hints Japan must act after US intervention help, pushing BOJ and Takaichi on policy.
A senior MOF official stated that the BOJ sets policy independently, and confirmed that Katayama and Bessent discussed FX intervention and fiscal policy.
Japan and the US reaffirm cooperation on orderly yen moves at G20, but Tokyo avoids defining what orderly means.
Reuters expects the PBOC to set the yuan reference rate at 6.7170, a key signal for Asian FX markets.
Bessent met BOJ's Ueda and Japan's Katayama at G20, urged rate hikes. Yen strengthened on the remarks.
EURUSD bounced from support at the 100-day MA and 38.2% retracement, now testing a swing area ahead of the 200-day MA.
AUDUSD tests and bounces from 200-hour MA at 0.7157, increasing its importance.