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1106 days ago

Dollar pauses gains after two intense days of Fedspeak (EUR/USD > 1.18)

The greenback has paused its gains, with EUR/USD holding above 1.18 and GBP/USD consolidating below 1.37. Jerome Powell, Chairman of the Federal Reserve, reiterated his position that inflation will likely be temporary and that the recovery has a long way to run. Ten-year Treasury yields have found their feet above 1.60%.

#Forex
Dollar pauses gains after two intense days of Fedspeak

1108 days ago

Kiwi dollar has its worst day in a year as New Zealand gov plans housing market curbs

  • -NZ housing agency can borrow NZ$2bnb for land purchases
    -NZ to boost housing supply, infrastructure with NZ$3.8bn fund
    -New Zealand extends horizon for tax on investment property sales
    -NZ to remove tax deductibility of loan interest for investors
    -NZ govt to allow more people to access first home grants
    -NZ extends the 'bright-line' tax horizon to 10 years from 5 (the bright line test is related to tax on certain transactions, this extension will serve to increase the tax take at the margin).

  • via @forexlive / @MrMBrown
#Forex
Kiwi dollar has its worst day in a year as New Zealand gov plans housing market curbs

1109 days ago

Hedge funds just turned net bullish on the USD for the first time since July

Leveraged funds have turned overall net long USD  for the first time since July 2020. Big week of dollar buying worth US$7.2b, the most since August 2014. DXY still struggling to break cleanly above 92.

#Forex
Hedged funds just turned net bullish on the USD for the first time since July

1109 days ago

Hedge funds are turning bullish on US Dollar now

Long positions rose 2,414 contracts compared with shorts of 62,781 last week. They added bearish bets on the yen and euro and switched from bullish positions on the New Zealand dollar. The dollar has been rising with U.S. Treasury yields as traders ramp up inflation and recovery wagers.

#Forex

1113 days ago

USD/TRY slides 2% to 7.35 after Turkish CB hikes rates by 200 bps to 19%

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 200 basis points to 19%. Analysts' expectation was for a 100 basis points increase to 18%.

#Forex
USD/TRY slides 2% to 7.35 after Turkish CB hikes rates by 200 bps to 19%
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