Dollar

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 …

Key Points: The DXY index declined significantly due to softer-than-expected CPI figures, indicating a potential return to a disinflationary trend. Federal Reserve speculation rises as inflation data suggests possible easing of monetary policy in the fall. The U.S. Dollar Index …

Key points: Dollar index stable at 104.46; eyes on US PCE price index report due May 31. USDJPY weakens slightly to 155.80; traders wary of potential government intervention. The dollar held steady on Monday as investors anticipated further guidance on …

Key Points:  Optimism for US stock indexes shortlived since the US inflation data was announced, making record highs and then closing lower.  Such pullback was mainly attributed to the rise in bond yields.  Hawkish comments from Fed officials weighed on stocks.  …

Key Points April CPI Release: Headline CPI expected to rise 0.4%, with annual rate reducing to 3.4%. Core CPI: Expected increase of 0.3%, lowering 12-month reading to 3.6%. On Wednesday, the U.S. Bureau of Labor Statistics will release April’s consumer …

Key points:  Gold prices saw an increase on Tuesday, rising 0.4% to $2,344.39 per ounce, despite a drop the previous day.  Upcoming U.S. inflation data crucial for gauging future Federal Reserve policy decisions and its subsequent influence on gold prices.  …

Key Points:  The momentum of the USD has been influenced by hawkish monetary policy, with fewer than two rate cuts to be expected in 2024.  Recent softening economic data, including employment and manufacturing indicators, hint at a potential reversal in …

Key points Gold faced resistance at $2,375 and subsequently retreated, highlighting a potential retest of support at $2,280. EUR/USD broke past significant moving averages, suggesting a possible continuation of its upward trend. On Monday, gold prices failed to sustain an …

Key points: Investors are on high alert for the U.S. inflation report due this Wednesday, expected to influence future rate decisions. The Japanese yen approaches intervention-trigger levels, reviving concerns as it nears a two-week low against the U.S. dollar. The …

Key points: The dollar remains steady as investors anticipate US inflation updates. Speculations about Federal Reserve rate cuts shape market expectation. The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to …