Should we keep an eye on the rising Oceania currencies?

Should we keep an eye on the rising Oceania currencies?

14.07.2021

Yesterday, U.S. markets fell for the first time in three days, resulting in a market environment characterized by falling stock prices, rising interest rates, and a stronger U.S. dollar. The S&P 500 closed at 4,369 points, down 0.35% from the previous day, but the decline was not significant overall and remained a minor pullback. The VIX (fear index) rose to 17.1.

In the foreign exchange market, the U.S. dollar rose after the U.S. Consumer Price Index (month-over-month core), released yesterday during U.S. trading hours, showed a significant improvement, coming in at 0.9% versus the 0.4% forecast and reaching its highest level in about 13 years. The GBP/USD pair fell by about 100 pips from 1.390 to 1.380.Meanwhile, the New Zealand dollar rose immediately after the announcement today that the policy rate would remain unchanged at 0.25%. The NZD/JPY pair climbed from 76.7 to 77.6.

Today’s economic indicators include the UK Consumer Price Index, Retail Price Index, and Producer Price Index at 3:00 PM; Eurozone Industrial Production at 6:00 PM; the Turkish Central Bank’s (TCMB) policy rate announcement at 8:00 PM; the US Producer Price Index at 9:30 PM; the Bank of Canada’s (BOC) policy rate announcement at 11:00 PM; US weekly crude oil inventories at 11:30 PM;a press conference by BOC Governor Macklem at 12:00 a.m., testimony by Fed Chair Powell before Congress at 1:00 a.m., and the Beige Book at 3:00 a.m. We will be watching closely to see how mid-week price movements are affected by today’s economic releases.

Past Market Reports

1. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 15.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

7. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

9. 09.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran