Dollar reaches three-month high, EURUSD falls below 1.1300
Dollar index climbs to three-month high; EURUSD dips below 1.1300 as Treasury yields remain elevated.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
Dollar index climbs to three-month high; EURUSD dips below 1.1300 as Treasury yields remain elevated.
The US dollar hit a three-month high as Treasury yields surged, with EUR/USD breaking below key support near 1.1300.
The USDCHF pair has posted six consecutive daily gains. It sits near the 0.83485 resistance level, which buyers have twice failed to hold above.
On September's final day, the dollar was mixed, Treasury yields slipped and Middle East oil supply worries eased, leaving stock futures without a clear…
UBS sees USD/JPY sell signal in month-end rebalancing; BofA flags yen and pound selling. Caution urged on sudden FX moves.
USD/JPY declined to around 156.4 on Wednesday, driven by yen repatriation flows and Fed comments, with other yen crosses also lower.
Reuters expects the PBOC to set the USD/CNY midpoint at 6.7025, with recent fixings showing Beijing has eased resistance to yuan gains.
USDCAD extended its rally as buyers defended a rising channel, pushing to a new high since July 7.
AUDUSD fell to a new low after the RBA's expected rate hike, with sellers defending the 200-day moving average.
The RBA lifted its cash rate to 4.60% as expected, but the Australian dollar fell and the U.S. dollar advanced against most major currencies.
USD/INR stays supported by higher oil prices, but a US-Iran deal could trigger a sharp selloff in the pair.
After the RBA raised the cash rate by 25 bps to 4.60%, AUD/USD fell below 0.7000 and risks a deeper decline if support levels fail.
Japan's finance minister said a cheap yen is problematic and pledged close US coordination, keeping pressure on USD/JPY without naming any action.
Reuters estimates the PBOC will set the USD/CNY midpoint at 6.7177, a key signal for forex markets.
ING cuts AUD/USD year-end target to 0.72, says an RBA hike should prevent a retest of the 0.69 June lows.