UPCOMING EVENTS: Monday: Japan PPI. Tuesday: UK Jobs data, German ZEW, NFIB Small Business Optimism Index, US CPI. Wednesday: Japan GDP, Australia Wage data, China Industrial Production and Retail Sales, UK CPI, US PPI, US Retail Sales, PBoC MLF. Thursday: Australia Jobs data, US Jobless Claims, US Industrial Production, NAHB Housing Market Index, New Zealand
© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Karen Brettell NEW YORK (Reuters) – The dollar dipped against the euro on Friday but gained against the yen as investors evaluated comments by Federal Reserve
Share: The Euro is seeing a thin rebound on Friday after declining steadily through the week. Concerns are mounting that the ECB may have to move more to cap inflation. Up Next: Tuesday sees EU GDP, US CPI inflation readings. The EUR/USD is seeing a minor rebound on Friday as the US Dollar
The AUDUSD is down for the 5th consecutive day. Recall on Friday last week, and then on Monday, the price of the AUDUSD was testing/moving above it’s key 100-day MA near 0.6515. The high price reached 0.65224, but ultimately stalled and started a run to the downside, leading to a move from 06522 to the
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© Reuters. The Euro has ascended to a six-month peak against the Pound Sterling, capping off a week with consistent gains as the pair approached 0.8750. This rise comes despite mixed economic data from both the European Union and the United Kingdom, where the UK’s figures have notably underperformed even when exceeding forecasts. At the
Share: The USD/SEK is seen at 10.908 with 0.10% loses US Treasury yields retreated after sharply rising on Thursday. All eyes are on next week’s CPI data from October from the US. The USD/SEK showed minimal downward movements around the 10.908 area on Friday. The pair declined as the Greenback consolidated the week’s
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Share: AUD/USD declined 0.12% for the day, marking a significant weekly drop from 0.6522 to 0.6338. The RBA’s 25 bps rate hike under new Governor Michele Bullock’s leadership fails to provide a bullish impetus for the Aussie. Jerome Powell’s hawkish tone on US monetary policy adds to the AUD’s woes, with China’s economic
Markets and ECB President Christine Lagarde are at odds. Right now, the rates market is pricing in s 68% chance of an ECB rate cut in April and a certainty of one in June (and two in September). Meanwhile, Lagarde spoke with the FT today and said that inflation could fall to 2% if rates
