Share: USD/MXN printed a fresh cycle low on Friday of 16.62 and is poised to close a 1.70% weekly loss. Core US CPI retreated to 4.1% YoY in June. Falling US yields limit the Greenback’s advance as markets start to place bets on the September meeting. On Friday, the USD/MXN pair fell to
Share: The two-day BOJ meeting concluded with an unexpected adjustment to the Yield Curve Control. Germany’s Inflation data came in line with expectations of 6.5% but lower than the previous 6.6%, and Q2 GDP data disappointed. Ueda’s dovish tone weights on the Yen. At the time of writing, the EUR/JPY pair is trading
Share: Canadian GDP expanded 0.3% in May. US data shows core consumer inflation slowing down. USD/CAD moves sideways on Friday, remaining near the levels it had a week ago. The USD/CAD dropped to the 1.3200 area following US and Canadian economic data but then rebounded, approaching the key resistance area at 1.3250. The
Share: GBP/JPY sells-off on BoJ sentiment ahead of Friday’s meeting. GBP/JPY drops into a potentially strong area of support in the 177.70/90s as per the hourly structure. Bears also eye the Point of Control near 177.00 and then a swing support area at 176.50. GBP/JPY collapses on a strong hint from Nikkei news
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some investors are zeroing in on the battered currencies of commodity-producing countries such as Norway and Australia to take advantage of more potential weakness in the dollar, which
© Reuters. FILE PHOTO: A worker at the Lithuanian mint holds a silver coin, produced to be exchanged for sets of digital currency released by Lithuanian central bank in Vilnius, Lithuania June 1, 2020. REUTERS/Andrius Sytas/File Photo By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank
