Dollar

Key points: U.S. economy grew at a 1.3% annualised rate from January through March, down from an estimated 1.6%. Market participants eye the upcoming PCE inflation report for further direction on U.S. interest rates. On Friday, the dollar was recovering …

Key points:  Spot gold falls to $2,330.44 per ounce.  Strengthening US dollar and higher Treasury yields pressure gold prices.  Traders focus on upcoming U.S. core PCE inflation data.  This article is a follow up from: Gold rises ahead of key …

Key Points:  Bank of Japan (BOJ) board member Seiji Adachi signals possible policy action if the Japanese yen falls excessively.  Underlying inflation continues to trend toward 2%.  BOJ to adjust monetary support based on economic, price and financial developments.  On …

Key points: Dollar index (DXY) remains flat just above 104.50 EUR/USD and GBP/USD fail to break key levels U.S. consumer confidence rises unexpectedly in May The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s …

Key points:  USD/SGD slips 0.1% to 1.3472 during the Asian session.  Market focus on the Conference Board’s consumer confidence data for May.  Technical support at 1.3400 and resistance at 1.3500.  During the Asian trading session, the USDSGD pair edged lower, …

Key points:  Australian dollar appreciates past $0.665, marking a three-day winning streak.  Domestic inflation figures and cautious retail sales data influence interest rate outlook.  Market bets on the Reserve Bank of Australia maintaining high rates longer.  The Australian dollar (AUD) …

Key points: Dollar supported by interest rate expectations and mixed U.S. economic data. Euro and yen trading in tight ranges, awaiting key inflation readings. The dollar started the week on a firm note as traders awaited crucial inflation data from …

Key points: Dollar heads for its largest weekly rise in over a month. U.S. business activity hits a two-year high, influencing interest rate expectations. The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong …

Key Points:  Fed officials indicated a willingness to raise rates again if inflation persists.  The Fed maintained its benchmark interest rate at 5.25%-5.5%.  The US Dollar Index (Symbol: USDX) strengthened on hawkish Fed minutes.  Market reactions include a drop in …

Key points: Australian dollar drifts 0.2% to $0.6654, with key support levels at $0.6650 and $0.6630. New Zealand dollar eases to $0.6091, with support around $0.6083 and $0.6031. The Australian and New Zealand dollars faltered on Tuesday as the momentum …