Focus turns to inflation data after Dollar’s rebound

Share: The key report for the week will be on Tuesday with the US Consumer Price Index. Additionally, more US inflation data is scheduled for Wednesday with the Producer Price Index. The Eurozone will report GDP growth, and the UK will release employment and inflation data. Australia will also release jobs data. The

Canadian Dollar’s Outlook Hinges on Bank of Canada. What to Expect for USD/CAD?

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Euro Weekly Forecast – EUR/USD, EUR/GBP Await ECB. Breakout or Breakdown Ahead? The Bank of Canada will announce its October monetary policy decision on Wednesday. The institution headed by Tiff Macklem

AUD/USD rebounds to 0.6400 on US Dollar’s NFP-fueled retreat

Share: The AUD/USD caught a much-needed bid in Friday trading after the US NFP report clobbered forecasts. The Aussie still remains buried deep in bear country after falling to fresh lows for 2023 in the early week. Market focus is set to crystallize on US inflation expectations next week. The AUD/USD etched in

US dollar’s rally supercharged by soaring real yields on Treasuries By Reuters

© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) – Surging U.S. real yields are aiding the dollar’s rebound, rewarding bullish investors while making bears think twice before betting against the

US Government Averts Shutdown, But Dollar’s Fate Hangs in the Balance

In a dramatic eleventh-hour move, the US government dodged a potentially catastrophic shutdown. Both the House and Senate reached a last-minute consensus on a short-term funding arrangement, securing its passage just minutes before the critical midnight deadline on Saturday. With a stroke of his pen, President Joe Biden transformed this deal into law, ensuring the

Dollar’s smile makes Wall Street frown: McGeever By Reuters

© 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 Jamie McGeever ORLANDO, Florida (Reuters) -The ‘dollar smile’ can be a blessing for Wall Street, or a curse. Right now, with the dollar’s boom being driven

AUD/USD, NZD/USD Soar on US Dollar’s Slump, Dead Cat Bounce Ahead of US CPI?

AUSTRALIAN DOLLAR OUTLOOK AUD/USD and NZD/USD rally on Monday, bolstered by broad-based U.S. dollar weakness The greenback’s pullback appears to be driven by profit-taking after a strong bullish run since mid-July Looking ahead, the U.S. inflation report for August, to be released on Wednesday, will be the main focus of the currency markets. Trade Smarter

Exclusive-Chinese exporters using currency swaps to retain dollars as yuan sags By Reuters

© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI/SINGAPORE (Reuters) – Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in the U.S. currency, official