The US Dollar trades comfortably in the green while the Japanese Yen and the Euro weaken. The BoJ said it is set to ease its bond-buying program in a very slow grind, while European sovereign bond yields increase due to political uncertainty in France.. The US Dollar index trades above 105.50 and could head towards…
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday. The downside of the Japanese Yen could be limited as investors’ caution prevails ahead of the BoJ policy decision on Friday. CME FedWatch Tool indicates that the likelihood of a Fed rate cut in September decreased to 61.5,…
AUD/USD posts modest gains around 0.6670 in Friday’s early Asian session. The softer US employment data this week triggered the Fed rate cut expectation in September. RBA’s Bullock said the central bank won’t hesitate to hike again if inflation remains sticky. The AUD/USD pair trades with mild gains near 0.6670 on Friday during the early…
AUD/JPY extends gains as Australia’s Trade Surplus widens amid lower imports. Australia’s Trade Balance rose to A$ 6,548 million MoM in May, surpassing the expected A$ 5,500 million. BoJ Governor Kazuo Ueda stated that inflation expectations are gradually rising but have yet to reach 2%. AUD/JPY continues to gain for the second successive day, trading…
WTI price lost ground as OPEC+ intends to phase out production cuts of 2.2 million barrels per day over 2025. The US is purchasing an additional 3 million barrels of Oil for the country’s Strategic Petroleum Reserve. Oil prices may struggle further due to the expectations of the Fed maintaining higher rates for longer. West Texas…
Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut. Key quotes Inflation path will be bumpy. General inflation trend is down. Path to 2% inflation is not assured. Job market is tight, but not as much as…