© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday ahead of a key U.S. inflation release, while the euro rebounded after weakness inspired by Italian banking woes. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.245
Share: Economists at RBC Economics do not expect the Federal Reserve to deliver more rate hikes. Monetary policy at its current level is already very restrictive Easing inflation pressures in the US against a resilient macroeconomic backdrop have been encouraging and have raised hopes that inflation can slow back to the Fed’s 2%
US Dollar (DXY) Price, Chart, and Analysis The US dollar sheds half a point after the CPI release. Headline inflation rises by less than expected. Recommended by Nick Cawley Get Your Free USD Forecast Core inflation fell and headline inflation rose by less than expected in July, according to the latest US Inflation Report. Core
US Dollar (DXY) Price, Chart, and Analysis Headline US inflation y/y is expected to push higher US dollar volatility near multi-month lows. Recommended by Nick Cawley Get Your Free USD Forecast Financial markets are in wait-and-see mode ahead of the latest US inflation report that is due to be released today. Market volatility across most
Share: Consumer Price Index in the US is forecast to rise 3.3% YoY in July, up from the 3% increase recorded in June. Core CPI inflation is expected to hold steady at 4.8% YoY in July. US CPI inflation report could significantly impact the US Dollar’s valuation by altering the Fed’s rate outlook.
GBP PRICE, CHARTS AND ANALYSIS: GBP/USD Bulls Return as Cable Retests the 1.2750 Mark in Early European Trade. Choppy Price Action May be Down to Seasonality as the US CPI and UK GDP Releases are Sorely Needed to Stoke the Volatility and Provide Direction. Eyes on a Potential Range Breakout of the 100-Pip Range Which
© Reuters. Investing.com– Most Asian currencies edged lower on Thursday as investors turned broadly risk-averse ahead of key U.S. inflation data due later in the day, while the Chinese yuan rose sharply on more support from the central bank. The dollar steadied near five-week highs, benefiting from increased demand as markets positioned for a potentially
Share: USD/INR prints the first daily loss in three, retreats from multi-day high. China inflation, Biden Administration’s easy stand on Beijing-backed AI investment ban favor pullback. Cautious mood ahead of RBA Interest Rate Decision, US inflation data restrict Indian Rupee moves. Softer Oil price, US Dollar’s retreat from key resistance add strength to
© Reuters. A customer counts Venezuelan Bolivar notes at a stall in a municipal market in Caracas, Venezuela February 10, 2023. REUTERS/Gaby Oraa CARACAS (Reuters) – The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one
© Reuters. FILE PHOTO: 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 Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar rose on Monday after a mixed U.S. jobs report on Friday sent the U.S. currency to a one-week
