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Share: EUR/GBP corrects significantly to near 0.8630 ahead of the German HICP data for September. Germany’s annual HICP inflation is seen softening despite rising energy prices. The UK economy is facing the headwinds of a stubborn inflation outlook and economic woes. The EUR/GBP pair drops vertically to near 0.8630 in the European session.
Share: Australian Dollar snaps the losing streak due to a rise in monthly CPI. Australia’s inflation reported a reading of 5.2% as expected, up from the 4.9% prior. US Dollar (USD) trades around 106.30, the highest since December. Upbeat US Treasury yields are contributing support for the Greenback. The Australian Dollar (AUD) looks
Share: The USD/CAD had cleared the 1.3500 handle in Tuesday trading. The oil-backed Loonie is unable to find gains as the DXY captures the broader market. US data to feature heavily in the back half of the week. The USD/CAD has decisively reclaimed the 1.3500 major handle for Tuesday. The US Dollar Index
© Reuters. Monday saw the U.S. Dollar reach its highest level since March, as investors sought safer options amidst speculation that central banks would maintain high interest rates to curb inflation. This development coincided with a decline in U.S. government bonds, while stocks remained steady. The and the , heavily influenced by technology companies, showed
Share: Gold price remains under pressure as the US economy remains resilient despite higher interest rates. The US economy is comfortably absorbing the consequences of the Fed’s higher interest rates. Fed’s Collins says further policy tightening is not off the table. Gold price (XAU/USD) trades back and forth as uncertainty over the interest
Share: Pound Sterling may continue its three-day losing spell further amid uncertainty over the economic outlook. S&P Global reported that UK Services PMI contracted for the second time straight. BoE policymakers shifted focus on the UK’s economic prospects against persistent inflationary pressure. The Pound Sterling (GBP) faces selling pressure as investors start worrying
Recommended by Daniel Dubrovsky How to Trade EUR/USD The US Dollar experienced mixed performance against its major peers this past week. Looking at the chart below, the British Pound was the worst performer weakening about -1.2%. Meanwhile, the New Zealand Dollar was better off, rallying around 1.1%. Meanwhile, Wall Street took a plunge in the
> ECB’s Lane: 4% rate will do quite a bit to bring inflation to 2% ECB’s Lane speaking on Yahoo finance interview ECB’s Lane 4% rate will do quite a bit to bring inflation to 2% ECB is still very data dependent expects rates to held sufficiently long at 4% Key wage data will not
> ECB’s de Cos: Underlying inflation is now easing Underlying inflation is now easing Inflation seems to be turning a corner Current interest rate level – if maintained for sufficiently long – is broadly consistent with achieving the target Too early to talk about Ray cuts Would be cautious about discontinuing PEPP reinvestment Selling bonds
