Inflation is coming down as hoped Expects unemployment to rise slightly as the economy cools, personally sees unemployment rate rising above 4% next year Does not rule out possibility of lowering rates in early 2024 It all depends on the economic data Well, that’s one of the first angles by the Fed in agreeing to
EUR/USD ANALYSIS USD rebounds. German industrial production withers by 1.5%. Fed speakers under the spotlight later today. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROP After Friday’s rally post-NFP, the euro lost some of its gains as the US dollar regained some support and European growth comes into question once again.
© Reuters. Investing.com – The U.S. dollar gained in early European trade Monday, rebounding from losses after Friday’s payrolls data ahead of this week’s release of inflation data from the world’s two largest economies. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher
Share: USD/JPY is expected to keep the 140.00-143.30 range for the time being, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We did not expect the sharp drop that sent USD tumbling to a low of 141.54 (we were expecting it to trade
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the unemployment rate fell once again and lessened the disappointment from the miss in
© Reuters. Investing.com — Most Asian currencies fell on Monday, while the dollar and Treasury yields firmed ahead of key inflation data from the world’s largest economies, due later in the week. While the greenback logged steep losses on Friday, following mixed , it firmed in Asian trade as markets hunkered down ahead of U.S.
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The USDJPY opened up near its 200-hour moving average at 141.70 and did break below that moving average level and the 38.2% retracement of the move up from the July 28 low at 141.656. However, momentum cannot be sustained on the price of bounce back higher. The pair is currently trading at 142.02. There is
Share: USD/JPY recovers from the lowest level in a week, prints the first daily gain in three. US 10-year Treasury bond yields consolidate the biggest daily slump in three months. China-linked fears, hawkish BoJ Summary of Opinions and pre-inflation moves propel Yen prices. US CPI, PPI and BoJ chatters will be important for
An initial move higher in Wall Street last Friday eventually faded into the close (DJIA -0.43%; S&P 500 -0.53%; Nasdaq -0.36%), as market participants took the opportunity for further profit-taking into the seasonally weaker month of August. The focus was on the US July non-farm payroll report, which saw a miss in job addition for
