GBP/USD, GBP/AUD Attempts Tepid Recovery Ahead of Inflation Data

GBP PRICE, CHARTS AND ANALYSIS: Read More: FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally? GBP has struggled of late and has attempted a recovery in the early part of this week. UK inflation data is due tomorrow and following a sharp increase in headline inflation in the US and Canada, is

US dollar moves lower after University of Michigan data

The US dollar has moved lower after the University of Michigan data came in weaker than expectations. The one year inflation expectation came in at 3.1% versus 3.5%. The 5 year inflation expectations was at 2.7% versus 3.0%. The sentiment indices were also lower than expectations. EURUSD: The EURUSD was trying to hold below a

Dollar strengthens following strong U.S. data and ECB rate hike By Investing.com

© Reuters. The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales for August were

AUD/USD reaches two-week high on Chinese stimulus and upbeat data By Investing.com

The currency pair has been climbing for the second consecutive day, reaching a nearly two-week high during Friday’s Asian trading session. The pair’s increase is largely attributed to optimism over additional stimulus from China and positive Chinese economic data. China’s National Bureau of Statistics (NBS) reported that the country’s August retail sales grew by 4.6%

Chinese Data Provides Much Needed Reprieve for Aussie Dollar

AUD/USD ANALYSIS & TALKING POINTS Encouraging news from China back AUD. US data in focus later today. AUD/USD faces trendline resistance. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is tentatively pushing higher this morning after being depressed for some time. Chinese economic data (see economic calendar