Forex

The pair slides as New Zealand’s central bank keeps interest rates at 2.25% and maintains an easy policy stance.

The Japan election results can weigh on the pair, and the strong US jobs report raises the bar for Fed cuts, but the dollar continues to face challenges from mounting deficits and macro uncertainty.

The pair slips as the Yen firms on political clarity and FX intervention risks, but prospects of bold fiscal stimulus under PM Takaichi could weigh on the Japanese currency.

The pair extends its gains on Yen weakness from fiscal worries tied to the elections and a greenback recovery, but dowside risks linger.

Australia’s central bank raised rates for the first time since late 2023 amid strengthening price pressures, sending the Aussie higher.

The pair reached new highs after firm Australian inflation, but erases gains as the greenbacks recovers, with rate decisions by the Fed and the RBA looming.

The pair drops as markets anticipate FX intervention, after Japanese Prime Minister Takaichi vowed to act against speculative moves, while broader US dollar weakness adds pressure.

Despite avoiding it last week, risk of new 2024 low remains high as the Fed heads to a shallower easing path, while the ECB may need to remain aggressive

Although its major peers are cutting rates, the RBA does not go do down this road and the Aussie reacts higher

The pair drops and heads towards its worst month of the year, as Australian inflation showed further moderation and is likely to add pressure to the RBA to follow its peers and start cutting rates

The pair has entered its fourth straight profitable week as bets of another hike by the BoJ this year dissipate and the Fed adopts a more served approach around easing