USD/JPY could weaken as BoJ Governor Ueda expressed optimism that conditions for another rate hike are coming into place. The US Dollar may struggle as expectations grow for a Federal Reserve interest rate cut in September. Fed Chair Powell stated that risks to the labor market are increasing, while also noting that inflation remains a…
NZD/USD slumps to around 0.5815 in Friday’s Asian session, down 0.10% on the day. RBNZ signaled more rate reductions, weighing on the Kiwi. US Composite PMI improved in August. The NZD/USD pair extends the downside to near 0.5815, the lowest since April 11, during the early Asian trading hours on Friday. The New Zealand Dollar…
NZD/USD softens to around 0.5825 in Thursday’s early Asian session. Fed Minutes showed most officials saw inflation as a greater risk. RBNZ cut its benchmark cash rate by 25 bps to a three-year low of 3.0% on Wednesday. The NZD/USD pair loses ground near 0.5815 during the early Asian session on Thursday. The New Zealand…
AUD/USD strengthens to near 0.6510 in Monday’s early Asian session. Flash UoM Consumer Sentiment missed the consensus in August; Retail Sales came in line with the consensus. Softer China’s Retail Sales and Industrial Production might cap the upside for the China-proxy Aussie. The AUD/USD pair gains ground around 0.6510 during the early Asian session on Monday….
EUR/USD down 0.30%, trading at 1.1605 after touching daily high of 1.1675. US Dollar bought ahead of US July CPI release; hot print could dampen Fed rate cut bets. Italy’s July inflation steady at 1.7% YoY, matching ECB target and June reading. Trump–Putin talks may yield Ukraine ceasefire progress, potentially easing EU energy costs. The…
GBP/USD rises 0.12% to 1.3289 as Dollar slumps on soft US labor data. July NFP print at 73K; prior months revised down 258K, triggering BLS chief firing. Markets price 76% chance of Fed rate cut in September. BoE expected to cut by 25 bps on August 7; 50 bps easing seen for 2025. The GBP/USD…
EUR/USD rallies from 1.1391 to 1.1554, gaining over 1% on Friday. July Nonfarm Payrolls show just 73K jobs added; May–June revisions slash 258K jobs. Fed funds futures price in 62 bps of easing by December; 76% odds of a September rate cut. EU inflation data beats forecasts: HICP at 2.4% YoY, core HICP steady at…
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline. US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations. ECB holds rates steady; next week’s focus shifts to key Fed policy decision on July 30. The EUR/USD finished the week up by nearly 1% on Friday, yet…
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower. UoM survey shows improved sentiment and easing inflation expectations in the US. ECB decision, EU PMIs, and US macro data in focus for the week ahead. The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish…
US CPI rises to 2.7% YoY, first meaningful jump in five months. Core inflation sticks at 2.9%, reinforcing Fed’s cautious stance. UK growth concerns deepen as BoE rate cut bets rise to two by year-end. The GBP/USD extended its losses to four consecutive days after the latest inflation report in the United States (US) showed…