Exchange-rate moves around central-bank decisions and intervention risk, such as the New Zealand dollar and USD/JPY.
Ghana's cedi swung 13.46% against the US dollar over the past week, an outsized move for a frontier currency as the dollar strengthens broadly against emerging market peers including the Indian rupee.
The Romanian leu has moved more than 10% against the US dollar over the past month, a scale of swing unusual for an EU currency, as broader European…
The US dollar strengthened broadly as the 30-year Treasury yield reached 5.60%, pushing USD/NOK and other G10 pairs toward multi-month extremes while strategists at Societe Generale flagged resistance in EUR/USD and intervention risk in…
AUD/USD dropped after the RBA's 25bp hike to 4.60%, with soft inflation data unwinding hawkish bets. ING still sees 0.72 to 0.74 by December despite…
USD/MXN broke above its 100-day moving average as hawkish Fed bets and rising Treasury yields pressured the peso. FX Street flagged a move toward 17.50, while Forex.com noted the peso losing momentum ahead of a Banxico decision.
The naira has fallen over 11% year-over-year against the dollar, with USDNGN quoted near 1,323.3, extending a multi-year depreciation trend tied to…
USD/JPY broke below its 200-day moving average, falling roughly 2.36% for the week to 156.31, as traders weighed suspected Japanese intervention and diminishing odds of a Fed rate hike.
The New Zealand Dollar dropped over 1% against the US Dollar even after the RBNZ raised rates, a disconnect traders attribute to forward guidance…