AUD/USD rises above 0.6500, eyeing weekly gains amid soft US data

[ad_1] Share: AUD/USD experienced a notable uptick, gaining 0.67% in the New York session and heading towards a weekly increase of over 2.30%. Despite Federal Reserve officials resisting the idea of rate cuts in 2024, market futures are pricing in a potential easing of 100 basis points by December next year. Upcoming week

USD/JPY dips below 150.00, on sentiment shift, despite positive US housing data

[ad_1] Share: USD/JPY falls below the key 150.00 level, trading at 149.76, down 0.64% amidst a shift in market sentiment. US housing data shows resilience with Building Permits and Housing Starts exceeding expectations but fails to support USD/JPY. Bank of Japan Governor Kazuo Ueda emphasizes the need for patience in monetary policy, linking

Mexican Peso erases its earlier gains ahead of next week Mexico’s inflation data

[ad_1] Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy yet suggest gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican

Aussie Dollar Unable to Exploit Weaker US Data

[ad_1] AUD/USD ANALYSIS & TALKING POINTS Australian jobs market stays strong but not enough to extend AUD upside. US building permits and Fed officials in focus later today. AUD/USD may be in for further downside. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for

Dollar steadies as economic data muddies Fed expectations By Reuters

[ad_1] © Reuters. U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Amanda Cooper LONDON (Reuters) -The dollar held its ground on Thursday after a volatile two days that saw sharp declines followed by a rebound as traders took incoming economic data as signalling the Federal

Rupee strengthens on US CPI data, Fed rate cut expectations By Investing.com

[ad_1] © Reuters. The Indian Rupee has seen an ascent against the dollar, driven by softening US currency in response to a decrease in the United States’ key Consumer Price Index (CPI) figures. This development has sparked speculation among investors about a potential Federal Reserve interest rate cut by May next year. ICICI Direct observed

Dollar gains on retail sales data, Fed rate cut date unclear By Reuters

[ad_1] © Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to

Softer US Data Propels EURUSD Beyond Key Technical Level

[ad_1] Euro Analysis Markets price in the same amount of rate cuts for the ECB as they do in the US EUR/USD contemplating a reversal after surpassing the 200 SMA Risk events: US retail sales and central bank speakers The analysis in this article makes use of chart patterns and key support and resistance levels.