Share: NZD/JPY was down by 0.40% on Friday and closed a 0.40% weekly gain. Buyers continue to be on the sidelines after pushing the pair to multi-year highs this week. Indicators are losing momentum on the daily chart. In Friday’s session, the NZD/JPY cross extended its decline towards 89.65 as investors continued to
Share: Gold price rises for the straight third trading session due to easing US inflation. The US headline CPI rose at 3.2%, its slowest pace for two years. Investors await US Retail Sales, PPI, and the outcome of the Biden-Xi meeting. Gold price (XAU/USD) extends rally as easing price pressures in the US
Share: The DXY index trades with mild losses at 105.80, closing a 0.70% weekly gain. Fed hawks revived USD strength during the week. UoM consumer sentiment data come in lower than expected. The focus shifts to next week’s inflation figure from the US from October. The US Dollar (USD) showed minimal movement on
Share: Australian Dollar moves upward toward a major level after stronger Aussie CPI data. Australia’s CPI climbed to 1.2% in Q3, exceeding the market consensus of 1.1%. US Dollar received upward support from upbeat PMI figures from the United States. The Australian Dollar (AUD) continues to gain ground, trading higher for the third
Share: Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. US Treasury Department confirmed the meeting with China to discuss bilateral economic policy matters. The pullback in US Treasury
© Reuters Investing.com – The U.S. dollar edged lower in early European trade Friday, but remains on track for an eighth straight winning week as U.S. economic resilience brings further Federal Reserve rate hikes into question. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,
Share: GBP/JPY loses momentum, snaps two-day winning streak on Wednesday. UK S&P Global/CIPS Composite PMI fell to 48.6 in August vs. 50.8 prior. Japanese policymakers will closely monitor FX movements with a sense of urgency. The attention will shift to Japan’s Gross Domestic Product (GDP) due on Friday. The GBP/JPY cross struggles to
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Share: AUD/USD holds lower grounds near intraday bottom, prints the first daily loss in four. Aussie Westpac Consumer Confidence slumps for August but NAB sentiment numbers improved for July, China Trade Balance improves in July. Sentiment sours amid geopolitical woes, cautious mood ahead of top-tier data. US trade data may entertain traders ahead
