USD/JPY edges lower to near 149.50 in Monday’s early Asian session. US core PCE inflation steadied at 2.9% YoY in August as expected. Expectations that the BoJ might delay rate hikes could undermine the Japanese Yen. The USD/JPY pair loses ground to around 149.50 during the early Asian session on Monday. The US Dollar (USD)…
Core PCE inflation remains under 3%, boosting the probability of Fed rate cuts to nearly 90% into year-end. Dovish Fed voices highlight a fragile labor market, and Barkin warns that inflation and unemployment trends remain concerning. Euro steadies despite NATO–Russia tensions, with traders eyeing US jobs data and upcoming Eurozone inflation prints. EUR/USD recovers on…
GBP/USD ends Thursday down 0.78%, trades below all major SMAs as it hits four week low. US macro data trims dovish Fed bets, bolstering the Dollar, weighing on Sterling. US docket features Core PCE, Consumer Sentiment and Fed speakers. The GBP/USD ended Thursday’s session with losses of over 0.78%, seeming poised to test lower prices…
USD/JPY trades flat around 148.00 in Monday’s early Asian session. The US central bank delivered an expected rate cut but signaled little urgency to lower borrowing costs. BoJ kept interest rates unchanged, with two members voting for a rate hike. The USD/JPY pair holds steady near 148.00 during the early Asian session on Monday. The US…
US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week. Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing. French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro. EUR/USD edges lower on Friday, late…
Euro retreats as Powell signals cautious stance despite 25 bps Fed cut. US Jobless Claims dip and Philly Fed survey beats forecasts, reinforcing Dollar strength in post-FOMC trading. ECB officials strike a neutral tone, saying rates are appropriate, with balanced inflation risks but weaker growth outlook. EUR/USD retreats after reaching a yearly high above 1.1900…
EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut. Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC. ECB holds rates with a data-dependent stance as US policy uncertainty and the Fed independence saga fuel volatility. EUR/USD remains steady during the North American…
GBP/USD rebounds from 1.3332 lows to 1.3442 as the US Dollar Index slips after Tuesday’s sharp rally above 98.50. The US JOLTS report shows July job openings fell sharply, highlighting tariffs’ drag on hiring and manufacturing weakness. UK Services PMI jumps to 54.2, easing fiscal worries, while BoE officials stress inflation risks and policy caution….
Australian Dollar maintains its position despite GDP expanding 0.6% QoQ in Q2. China’s Caixin Services PMI rose to 53.0 in August, against the expected 52.5 reading. The CME FedWatch tool indicates that more than 91% of a 25-basis-point Fed rate cut is expected in September. The Australian Dollar (AUD) moves little against the US Dollar…
The US Dollar Index rises ahead of looming US economic data later in the week. Traders adopt caution due to rising concerns over Fed independence. Fed Governor Lisa Cook’s exit may boost the odds of earlier rate cuts. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major…