#Australian Dollar/US Dollar FX Spot Rate

[stockexperttrading]

Euro Nears One-Year High as US Economic Risks Weigh on Dollar

On Thursday, the euro remained near a one-year high against the dollar due to Europe's strong economy in contrast to the potential banking contagion risks and debt ceiling standoff in the US that could lead to a recession.

The Australian dollar, which is sensitive to risk, struggled to remain above the key 66-cent mark, and Bitcoin, the leading cryptocurrency, stabilized around $29,400 following significant fluctuations in the previous session.

Meanwhile, the yen remained unchanged as the Bank of Japan commenced a two-day policy meeting.

The euro increased by 0.05% to $1.10415, returning to the overnight peak at $1.1096, the highest since April last year.

The dollar index, which measures the greenback against six major currencies, with the euro being the most heavily weighted, remained almost unchanged at 101.41 after a 0.42% drop on Wednesday, where it reached a near two-week low of 101.00.

On Wednesday, Germany revised its growth forecasts, and a survey indicated a sustained recovery in consumer confidence.

Funded Traders Global could offer their services to traders interested in taking advantage of the current market conditions, particularly in Europe, by providing them with access to capital and risk management tools to increase their profitability.

[youthchronical]

U.S. dollar climbs overnight as speculation grows Trump in election lead

Iryna Ustenko | Istock | Getty Images The U.S. dollar strengthened against the Mexican peso and other major global currencies on Tuesday evening as voting began to wind down in the presidential election. The greenback had gained 2.9% against the Mexican peso at around 10:30 p.m. ET, and was also higher against the Swiss franc, Japanese yen and Chinese yuan. The ICE U.S. Dollar Index rose 1.4%,…

[vikartaa]

Asia markets open mixed, EV maker shares resume selloff amid Tesla's slowdown warning

Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were mixed Friday as investors digested inflation data from Tokyo. Shares of electric vehicle makers in the region dropped for a second day, unable to shrug off worries sparked by bellwether Tesla’s slowdown warning. Hong Kong-listed shares of Xpeng and…

[ejesgistnews]

Dollar to Naira Exchange Rate Today Tuesday, October 8, 2024 - Black Market and CBN USD to NGN Exchange Rate can be accessed here on Ejes Gist News. What is 1 US Dollar to Naira Today Black Market & CBN?  As Many Nigerians continues to navigate economic challenges, the dollar-to-naira exchange rate remains a focal point for those engaged in foreign trade, investments, and travel. The black market, also known as the parallel market or Aboki FX, often reflects rates different from the official Central Bank of Nigeria (CBN) rates. Today, the exchange rates offer insight into the fluctuating value of the naira. Current Exchange 1 US Dollar to Naira Today. Dollar to Naira Black Market Exchange Rate (Parallel Market): Buying Rate: ₦1,670 Selling Rate: ₦1,675 1 US dollar to naira today CBN Official Rates: Buying Rate: ₦1,634 Selling Rate: ₦1,635 Pounds and Euro to Naira Exchange Rates Pounds to Naira (CBN Rates): Buying Rate: ₦2,180 Selling Rate: ₦2,185 Euro to Naira (Black Market Rates): Buying Rate: ₦1,850 Selling Rate: ₦1,856 1 US dollar to naira today for Online Exchange Platforms: Geegpay and Grey Geegpay Rates: EUR (€): Buying at ₦1,798.03, Selling at ₦1,800.55 GBP (£): Buying at ₦2,120, Selling at ₦2,127 USD ($): Buying at ₦1,675, Selling at ₦1,680 For Grey, the USD to NGN Exchange Rates are: EUR (€): Buying at ₦1,845.03, Selling at ₦1,850 GBP (£): Buying at ₦2,102, Selling at ₦2,205 USD ($): Buying at ₦1,670, Selling at ₦1,675 Understanding Dollar to Naira Black Market Exchange Rate. What is the Black Market? The black market is an unofficial exchange channel where currencies are traded without government regulation. Due to high demand and limited supply, this market often offers more competitive rates. Why Do People Use the Black MarketUSD to NGN Exchange Rate? Favorable Rates: Higher than official rates. Accessibility: Easier to obtain foreign currency without stringent regulatory requirements. Latest Forex news highlights in Nigeria for today, October 8, 2024: Here are some of the latest Forex news highlights in Nigeria for today, October 8, 2024: US Dollar Sentiment: The sentiment remains hawkish on the US Dollar following stronger-than-expected US jobs and average earnings data released last Friday. Analysts expect the US Federal Reserve to cut rates by only 0.50% before the start of 2025. Currency Movements: The British Pound has been the strongest major currency since the Tokyo open today, while the Australian Dollar has been the weakest. Treasury Yields: Both the 2-Year and the 10-Year US Treasury Yields are trading above 4%, indicating a strong performance. Market Outlook: It is expected to be a quiet day in the markets due to the absence of any scheduled high-impact data releases. Nigerian Banks’ Performance: Despite macroeconomic challenges, Guaranty Trust Holding Company Plc (GTCO) and 11 other financial institutions listed on the Nigerian Exchange Limited (NGX) generated an estimated N3.81 trillion profit before tax in the first half of 2024. NDDC Youth Internship Scheme Portal Link: Step-by-Step Guide to Apply & Secure Your Spot Davido Called Out For Smoking Next To His Wife, Chioma WhatsApp Threatens to Exit Nigeria Over FCCPC Demands, $270 Million Fine Thanks for using our platform to know the value of the 1 US Dollar to Naira Today for CBN and the black market USD to NGN Exchange Rate.

[gambitaibot]

Crude Oil Dips as US Dollar Steadies with a Pending Debt Deal Vote. Where to for WTI?

Crude Oil, WTI, Brent, US Dollar, Debt Deal, T-Bills, AUD/USD, USD/JPY — Talking Points

The crude oil price retreated inside the range today after trying higher

The debt ceiling deal appears to be heading in the right direction for a resolution

US Dollar movements might determine crude direction. Will a debt deal undermine USD?

The crude oil price slipped on Tuesday but remains within a range despite the prospect of the debt ceiling issue being resolved this week.

It is being reported that US President Joe Biden and House Speaker Kevin McCarthy are actively encouraging lawmakers to vote in favour of the debt ceiling agreement when it is presented to the floor on Wednesday.

Markets have breathed a sigh of relief, most notably at the very short end of the debt market. The T-Bill maturing on the 6th of June is back to where it was prior to the debt ceiling concern alarming markets. It traded as high as 7.10% last week but it is around 5.15% today.

The US Dollar has steadied so far today and has made ground against the Aussie and Kiwi Dollars.

Australian building approvals for April were a big miss at -8.1% month-on-month while Japan’s jobless rate eased lower to 2.6% for the same month, down from 2.8% prior and estimates of 2.7%.

Bank of Japan Governor Kazuo Ueda appeared before Parliament today and said that the ultra-loose monetary policy stance will remain for now but hinted toward a change in tack if inflation was to fall toward 2% later this year.

USD/JPY has pulled back from yesterday’s 6-month peak, trading near 140 at the time of going to print.

The geopolitical space remains somewhat murky this week with China declining an invitation from Washington for their respective defence ministers to meet.

APAC equity indices are generally in the red although South Korea’s KOSPI index is in the green. Wall Street futures are pointing toward a slightly positive start to their cash session as they return from yesterday’s Memorial Day holiday.

Crude oil market traders are starting to focus on the OPEC+ meeting that will start on June 4th.

There have been some mixed messages from member states but there is speculation that another cut in production might be in the offering. When they cut in early April, the oil price gapped higher. See the chart below.

Today, the WTI futures contract is under US$ 72.50 bbl while the Brent contract is a touch above US$ 76.50 bbl. Elsewhere, spot gold is slightly softer, trading near US$ 1,940.

Looking ahead, after Swiss GDP figures, the Eurozone and the US will see consumer confidence data.

The full economic calendar can be viewed here.\

WTI TECHNICAL ANALYSIS

WTI crude oil has remained in a 69.41–74.73 range for three weeks which is well within the broader range seen over the last six months.

This range trading environment has been tricky for traders with several false breaks. That is when a new high or low is made, only for the price to abruptly move back inside the range.

Created — TradingView, Written by Daniel McCarthy & Daily FX

— — Written by Daniel McCarthy, Strategist for Daily FX

[entertainmentusanewstoday]

Hong Kong stocks rise 2% after report on easing mask rule; other Asia markets fall

Hong Kong stocks rise 2% after report on easing mask rule; other Asia markets fall

Fitch expects home prices in Australia and China to decline in 2023 Fitch Ratings expects home prices in Australia to see a significant drop of between 7% to 10% next year, it said in its latest outlook report. The agency also predicts that China’s home prices will fall by 1% to 3% next year. “We expect prices to decline further in 2023 before bottoming out but mortgage performance to only…

[shopsalary]

Hong Kong's Hang Seng rises 2%, leads Asia markets higher after Powell's inflation comments

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments

HSBC says China’s latest inflation readings allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to stay accommodative,” greater China economist Erin Xin said. Xin added that the central bank is likely to…

[smithleonardo]

Stocks mixed, Shenzhen Composite falls, Xpeng down 12%

Stocks mixed, Shenzhen Composite falls, Xpeng down 12%

Japanese power stocks soar on reports of restarting nuclear reactors Ping An is ‘not an activist investor,’ co-CEO says, despite pressure on HSBC Ping An Insurance Group is not an activist investor, co-CEO Jessica Tan told CNBC’s “Squawk Box Asia” when asked about the company’s call on HSBC to spin off its Asia business. “We support any proposal that will actually improve shareholder value in…

[don-lichterman]

Dollar towers over peers as markets bet on large Fed rate hike

Dollar towers over peers as markets bet on large Fed rate hike

In this photo illustration, US 100 dollar bills seen on an American flag. Igor Golovniov | SOPA Images | LightRocket | Getty Images The dollar held near its overnight 20-year peak on Wednesday ahead of the outcome of the Federal Reserve policy meeting at which markets are pricing in an outsized 75 basis point interest rate hike as policymakers try to rein in rampant inflation. A key U.S.…

[clothinglennyco]

Asia Markets: Stocks, economic growth, earnings

Asia Markets: Stocks, economic growth, earnings

SINGAPORE — Shares in the Asia-Pacific region were poised to open mixed on Monday as global concerns continue to plague markets. In Japan markets, the Nikkei futures contract in Chicago was at 26,920, while its counterpart in Osaka was at 26,750. The Nikkei 225 closed at 26,739.03 on Friday. Australia’s SPI futures were at 7,129, lower compared to the S&P/ASX 200‘s last close at 7,145.6. Chinese…

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[reportwire]

Markets in Hong Kong and Taiwan fall more than 2% as Asia tech stocks slide

Markets in Hong Kong and Taiwan fall more than 2% as Asia tech stocks slide

SINGAPORE — Shares in Asia-Pacific were lower in Thursday trade as tech stocks sold off following overnight losses on Wall Street — after data showed the consumer price index stateside in April remaining near the highest level in more than 40 years. In Hong Kong, the Hang Seng Tech index traded 3.96% lower. Shares of Alibaba dropped more than 6% while Meituan shed 3.78%. JD.com also saw its Hong…

[forexbeginnersworld]

Forex Analysis & Reviews: 08.09.2021

Forex Analysis & Reviews: 08.09.2021

Relevance up to 05:00 2021-09-09 UTC+3 AUD/USD The Australian dollar lost 53 points yesterday as the US currency (dollar index) appreciated 0.34%. At yesterday’s meeting, the Reserve Bank of Australia announced the continuation of monetary policy tightening – while maintaining the base rate by 0.1%, the central bank reduced bond purchases by $1 billion a week, while slightly extending the…

[smithleonardo]

Asia-Pacific markets mostly upbeat following a quiet Wall Street

Asia-Pacific markets mostly upbeat following a quiet Wall Street

China GDP growth lethargy in motion, says economist Capital Economics senior China economist Julian Evans-Pritchard said in a note on Thursday that prospects of a post-Omicron rebound for China were poor, especially against a backdrop of a spiraling housing market and slow credit appetite despite policy easing. “More support is on its way but it will probably be too late too little to prevent…

[don-lichterman]

Hong Kong's Hang Seng leads gains in Asia; Alibaba shares soar

Hong Kong’s Hang Seng leads gains in Asia; Alibaba shares soar

SINGAPORE — Shares in Asia-Pacific rose in Friday trade, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. By Friday afternoon in Hong Kong, shares of Alibaba listed in the city surged 12.45% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding items, on…