Share: AUD/USD attracts some buyers to 0.6648 on the weaker USD. Fed’s Waller said interest rates don’t have to go higher to help get inflation back to 2%. RBA Governor Bullock said the central bank has to be cautious when using rates to bring down inflation without raising unemployment. The Australian CPI, US
Share: The index approaches the key 103.00 support. US yields look poised to extend the decline. Consumer Confidence, Fedspeak come next in the docket. The greenback alternates gains with losses near the 103.00 neighbourhood when gauged by the USD Index (DXY) on turnaround Tuesday. USD Index focuses on key data, Fed speakers The
Share: GBP/USD maintains its upward trajectory on a hawkish BoE tone. BoE Governor Andrew Bailey mentioned the challenge of bringing inflation back to the 2% target. US New Home Sales dropped by 5.6% at 679K against the market consensus of 725K in October. GBP/USD reached its highest level since early September, touching the
Share: GBP/USD stays in green territory, though under pressure as sentiment shifts sour. The US Dollar Index erases earlier gains, cushioning the Pound Sterling advance. BoE’s Bailey: Inflation is down due to energy prices falling; monetary and fiscal policy would do the rest of the job. GBP/USD climbed above the 1.2600 figure during
Share: The Euro maintains the bullish stance against the US Dollar. European stocks trade mostly on the defensive on Monday. ECB President Christine Lagarde to speak later in the session. The Euro keeps the bid bias unchanged against the US Dollar, motivating EUR/USD to flirt with the area of recent peaks around 1.0960 at the beginning of
Share: NZD/USD loses momentum above the mid-0.6000s on Monday. Reserve Bank of New Zealand (RBNZ) is anticipated to hold the Offical Cash Rate (OCR) at 5.50% on Wednesday. US S&P Global Manufacturing PMI dropped to 49.4 vs. 50.0 prior, below the market consensus. RBNZ interest rate decision and US Gross Domestic Product (GDP)
Share: USD/JPY keeps the range-bound theme unchanged around 149.50 in early Monday. The less hawkish stance from the Federal Reserve (Fed) weighs on the Greenback. Japan’s National Consumer Price Index (CPI) for October rose by 3.3% YoY vs. 3.0% prior. The USD/JPY pair maintains the multi-session range-bound theme unchanged around the mid-149.00s during
Share: GBP/USD climbs above 1.2600, driven by optimistic UK data and a jump in UK yields. US data was mixed with solid Services and Composite PMIs, but Manufacturing PMI fell into contraction. Upcoming speeches by the BoE Governor and US economic reports to provide further cues for GBP/USD movement. The Pound Sterling (GBP)
Share: In a shortened week, the US Dollar posted losses again. Next week, the key report in the US will be the Core PCE. Consumer inflation data is also due in the Eurozone with the preliminary November figures and in Australia with the October Monthly CPI. The Reserve Bank of New Zealand will
Share: AUD/USD rallies near 0.6600, continuing its upward trajectory on the back of a buoyant market mood. Mixed US economic reports fuel speculation of a potential Fed policy shift despite recent hawkish remarks. Upcoming economic, including RBA speeches and key US data, are set to offer fresh impetus to AUD/USD traders. The AUD/USD
