US July Trade Balance and Fed Rate Cut – Orbex Forex Trading Blog

Investing.com – The US dollar has weakened against most major currencies in the wake of the Federal Reserve’s dovish shift, and further falls lie ahead, according to Capital Economics, with a Trump win being the potential wild card. With the greenback close to the bottom of its post-2022 range, “our sense is that in the…

The Federal Reserve’s policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a…

The Japanese yen is calm on Friday. In the European session, USD/JPY is trading at 155.50, down 0.06% on the day at the time of writing. Japan’s household spending slips Japan’s economic activity has been sluggish and household spending, a key driver of economic growth, declined by 1.2% m/m in April. This followed a 1.2%…