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FX Market Summary Report
Hedgetrackers.com EURUSD:
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FX Market Summary Report
Hedgetrackers.com GBPUSD:
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FX Market Summary Report
Hedgetrackers.com Worries over a potential US Federal Reserve rate hike caused JPY to depreciate even through the US political turmoil. JPYUSD: Dollar losses caused JPY to strengthen on the heels of US political controversies that threaten the strength of the greenback
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Price of iron ore declines as supply is greater than demand.
FX Market Summary Report Hedgetrackers.com Oil prices strengthen, which strengthens the AUD. This growth is complimented by low inflationary pressures. AUD is a commodity linked currency and largely affected by the movement of iron ore and oil. Spot Rate Iron ore hits a low due to technical selling and rising inventories. Demand for commodies, like copper, falls this month, affecting commodity-linked currencies like AUD. Price of iron ore declines as supply is greater than demand. AUD falls due to retail sales missing estimates, as well as a lot of equity related selling.
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FX Market Summary Report
USD - CAD Hedgetrackers.com Economic reports show the lowest unemployment rate in two years and reflect improvements in the energy industry, causing increased optimism about the economy. Spot Rate USDCAD: Selling pressure increased after Trump's comments suggested he favored lower US interest rates and that the US dollar is getting too strong. The Canadian Dollar's value is highly sensitive to changes in the price of crude oil and the results of economic reports. Trend Line
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FX Market Summary Report
USD - CNY Hedgetrackers.com CNY was fairly volatile over the past 3 months, with commodity prices fluctuating along with Euro zone uncertainty. It saw its biggest drop once Moody's lowered their credit rating. USDCNY: Spot Rate China's economy shows growth due to rising retail sales, resilient home sales, and steel and aluminum prices rising. Additionally, industrial production is up. Yuan at lowest level since October after Moody's lowered their rating for the first time in almost 30 years. Trend Line
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FX Market Summary Report
Hedgetrackers.com Overall, INR movement is down and largely attributed to movements in the Indian stock market. USDINR: Spot Rate Increased demand for USD and a lower opening in the domestic equity market causes rupee to fall. Trend Line
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