Asia FX inches lower, dollar steady before swarm of economic data By Investing.com

[ad_1] © Reuters. Investing.com– Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders hunkered down before a string of key economic readings due this week.  Mixed signals from China weighed on sentiment, as data showed a sustained, albeit narrowing decline in . Top Chinese government officials called on Beijing to unlock

AUD/USD hits three-month high amid mixed US economic reports By Investing.com

[ad_1] © Reuters. The Australian dollar reached a three-month peak against the US dollar today, trading at 0.6591, buoyed by a combination of positive market sentiment and waning US dollar strength. The shift in currency dynamics follows the release of mixed economic indicators from the United States. Today’s reports showed an expansion in the US

Australian dollar sees marginal gain amid economic downturn signals By Investing.com

[ad_1] The Australian Dollar edged slightly higher against the US Dollar today, trading between 0.6550 and 0.6570, marking a slight increase of 0.02%. This modest uptick comes despite concerning indicators of an economic downturn in Australia. The Judo Bank Manufacturing Purchasing Managers’ Index (PMI) has reached a multi-year low, dropping to 47.7. Similarly, the Services

GBP/USD slides amid US inflation concerns, mixed UK economic outlook

[ad_1] Share: The GBP/USD tumbles during the mid-North American session after economic data from the United States (US) suggested the battle against inflation is not done while the economy continues to decelerate, as sought by the US Federal Reserve (Fed). At the time of writing, the pair is trading at 1.2456, losing 0.63%. Read More…

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

NZD/USD moves below 0.5900 on negative global economic outlook

[ad_1] Share: NZD/USD weakens as RBNZ’s inflation report suggests an economic slowdown. Kiwi’s Business Services Index fell from the previous reading of 50.7 to 48.9. Downbeat Chinese inflation could impact the Kiwi Dollar. US-China Presidential meeting is scheduled for Wednesday during the Asia-Pacific Economic Cooperation summit in San Francisco. NZD/USD is caught in

New Zealand Services PMI drops into contraction: economic angst ahead?

[ad_1] High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do

Euro reaches six-month high against pound amid UK economic woes By Investing.com

[ad_1] © Reuters. The Euro has ascended to a six-month peak against the Pound Sterling, capping off a week with consistent gains as the pair approached 0.8750. This rise comes despite mixed economic data from both the European Union and the United Kingdom, where the UK’s figures have notably underperformed even when exceeding forecasts. At