© Reuters. Investing.com– Most Asian currencies moved little on Friday as markets continued to fret over higher U.S. interest rates, while the yen came close to 10-month lows after the Bank of Japan maintained its ultra-dovish policy. The dollar remained relatively well-bid in Asian trade, recovering a measure of overnight losses. The and rose about
Share: USD/MXN trades at 17.0741, down 0.19%, as the pair slides below the 20-day Moving Average, targeting the psychological 17.0000 level. Mixed US data, including a drop in inflation expectations, leaves investors uncertain about further Fed tightening beyond September. Technical outlook suggests downside risks below the 50-DMA at 17.0079 while reclaiming the 100-DMA
Share: As US economic data strengthens the dollar, GBP/USD trades at 1.2397, slipping below its 200-day Moving Average. Odds for a November rate hike by the Fed stand at 32.45%, while bets on a BoE rate hike toward 6% are scaled back. With U.S. 10-year Treasury yields at 4.326% and a solid US
Share: US PCE inflation aligns with estimates but shows an uptick, while Initial Jobless Claims come in lower than expected, adding complexity to the Fed’s rate decision. ECB board member Isabel Schnabel reignites stagflation fears but doesn’t rule out more rate hikes; EU inflation data mixed, with core HICP falling to 5.3% YoY.
Brent crude hourly Oil has taken a quick trip lower after brent fell through $84 in the past hour. That leaves oil down 31-cents on the day after rising as high as $84.74 earlier. The selling comes despite the latest US oil rig count falling by anotehr 8 rigs. They’re now down 133 year over
Share: USD/CNH bounces off intraday low but defends week-start bearish move. 10-year yield gap between US and China jumps to the highest since 2007. Markets fear more China stimulus, further downside for Yuan amid economic pessimism. US Dollar’s preparations for Jackson Hole Symposium allow USD/CNH to pare recent gains. USD/CNH rebounds from a
© Reuters Investing.com – The U.S. dollar slipped lower in early European trade Friday, retreating from two-month highs but is still on course for a fifth consecutive winning week as a resilient U.S. economy suggested higher rates for longer. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six
USD/JPY News and Analysis Japanese inflation prints inline, but stickier prices remain elevated USD/JPY momentum stalls on developing safe-haven switch Japanese data is scarce but markets look ahead to Jackson Hole event The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education
Share: The Mexican Peso (MXN) advances against the US Dollar, despite overall US Dollar strength. Banxico’s decision to hold rates at 11.25% boosted the Mexican Peso. USD/MXN may stabilize near current levels, potentially reaching 17.5000 if surpassing 17.4100. A daily close below 17.0000 could indicate an extended downward trend. The Mexican Peso (MXN)
Share: Gold price looks supported but needs to pass through more filters for a confident reversal. US inflation grew slower than forecasted in July as lower second-hand automobile prices offset rising rentals. US President Biden restricts some new investment in China in sensitive technologies. Gold price (XAU/USD) faces selling pressure as the United States Producer Price
