Forex

The US dollar index (Symbol: USDX) as expectations of an interest rate cut grows stronger as the spotlight shifted to economic data for more clues on the monetary policy path of the Federal Reserve.

The dollar eased on Monday following U.S. President Joe Biden’s decision to end his reelection campaign, which opens the door for another Democrat to challenge Donald Trump. Will Kamala Harris’ bid prove to be sufficient?

The GBPUSD pair reached a one-year high, driven by stable UK inflation and resilient wage growth, while the US dollar faces a challenging week.

AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.

Japan’s yen surged to a six-week high on Thursday, sparking rumours of official intervention. Learn how the dollar experienced broad losses as markets anticipate U.S. rate cuts in the near future.

Key Points:  Japan likely conducts yen-buying intervention, as suggested by Bank of Japan data.  The BOJ projected a significant drop in commercial banks’ deposits, indicating potential currency intervention.  The Ministry of Finance has not confirmed the intervention, though data suggests …

Key points: New Zealand’s CPI rose 0.4% in Q2, below the forecast of 0.5%. Annual inflation slowed to 3.3%, down from 4.0% in the previous quarter. The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline …

Key points: The dollar showed mixed performance after U.S. retail sales data, with traders eyeing potential Fed rate cuts in September. The New Zealand dollar gained 0.46% to $0.6078 due to higher-than-expected non-tradable inflation. The dollar experienced a mixed performance …

Key Points:  The British pound reached a one-year high.  UK growth expanded by 0.4% in May, and US inflation dropped to 3.0% in June.  The upcoming interest rate decision by the Bank of England on August 1 could influence the …

The dollar index (DXY) last traded at 104.210 against a basket of major currencies. Despite the holiday in Japan halting cash U.S. Treasuries trading, the 10-year Treasury futures trended lower.