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Commodity Currency's Slide Amid Risk-off Mood

Commodity Currency's Slide Amid Risk-off Mood

The commodity currencies such as the Australia, the New Zealand and Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid increasing risk-off sentiment, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst.
RTTNews | 2 days ago
Commodity Currency's Slide Amid Risk-Off Sentiment

Commodity Currency's Slide Amid Risk-Off Sentiment

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Tuesday, as Asian stocks traded lower as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
RTTNews | 3 days ago
Aussie Rises As Robust Inflation Data Spurs RBA Rate Cut Pause

Aussie Rises As Robust Inflation Data Spurs RBA Rate Cut Pause

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as traders' bet on rate cut pause by the Reserve Bank of Australia (RBA), following the release of robust Australia's Consumer Price Index (CPI) data.
RTTNews | 9 days ago
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Monday amid increased risk-on mood, as traders remain optimistic the US Fed will cut interest rate by another 50 bps by year-end on easing trade tensions between the U.S. and China and cooler-than-expected US consumer price inflation data. They now look ahead to the Fed's monetary policy announcement later in the week.
RTTNews | 11 days ago
Canadian Dollar Falls As Crude Oil Prices Slide

Canadian Dollar Falls As Crude Oil Prices Slide

The Canadian dollar weakened against other major currencies in the Asian session on Friday, as oil prices declined following the US blacklisting of Rosneft and Lukoil.
RTTNews | 14 days ago
Commodity Currencies Rise After China Rate Decision

Commodity Currencies Rise After China Rate Decision

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Monday, following the People's Bank of China's (PBOC) decision to maintain its interest rate stability.
RTTNews | 18 days ago