AUD/USD remains steady ahead of Wednesday’s US CPI report.
The OUD/USD was trading close to 0.6520 as we noted, with the US-China dynamic boosting interest in commodity-related currencies. Even though Australian Westpac consumer trust figures were underwhelming, improved sentiment has tempered losses for the AUD. The upcoming US Consumer Price Index (CPI) report on Wednesday is anticipated to influence the Federal Reserve’s stance and […]
AUD/USD moves closer to 0.6500 before Chinese CPI inflation data.
AUD/USD is likely to draw some buyers near 0.6500 during early Asian trading on Monday. The US non-farm payroll saw an increase of 139,000 in May, exceeding expectations. Later on Monday, China’s CPI inflation figures will attract attention. The AUD/USD pair is inching up to around 0.6500 in the early hours of the Asian session […]
Pound Sterling retracts gains as UK Reeves expresses disappointment over high UK CPI data.
Pound Sterling Expected to Strengthen Against the US Dollar Pound Sterling looks set to gain from stronger-than-anticipated UK CPI data. UK services growth jumped from 4.7% in March to 5.4% in April. Moody’s recent downgrade of US credit could weigh on the US dollar. Pound Sterling (GBP) is anticipated to trade close to a new […]
GBP/USD rises on weak CPI, increasing expectations for Fed rate cuts
US CPI Falls Short of Expectations; UK Labor Market Sees Slowdown US Consumer Price Index (CPI) misses forecasts, raising questions about two expected Fed cuts in 2025 and hints of stronger core inflation. UK labor market appears to be cooling as wage growth slows to 5.6%, the lowest since November 2024, alleviating pressure on the […]
April CPI: Inflation rose a bit last month
US Inflation Update April saw a slight uptick in inflation, exceeding the Federal Reserve’s target, as the influence of increased tariffs is set to impact consumer prices in upcoming months. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI), which measures a range of everyday items like gasoline, food, and rent, increased […]
GBP/USD rises to close to 1.3200 before UK employment and US CPI reports
The GBP/USD pair is expected to rise to about 1.3195 during the early European session on Tuesday. The Bank of England’s method of evaluating progressive policies positively influences GBP. The UK Employment and US CPI Inflation Report will receive attention later Tuesday. The GBP/USD is likely to approach 1.3195 in early trading on Tuesday. The […]
Australian Dollar rises as traders consider the effects of the US-China trade deal and look at US CPI data.
The Australian Dollar Moves Up Ahead of US CPI Report The Australian Dollar is gaining ground as investors await the US April Consumer Price Index (CPI) report. Westpac’s Consumer Confidence Index in Australia bounced back with a 2.2% increase after previously declining by 6.0%. US Trade Representative Jamieson Greer mentioned that tariffs on China could […]
Stock market today: Tech rally leads Nasdaq, S&P 500 higher as Tesla, Nvidia surge after cool CPI print – Yahoo Finance UK
The latest Consumer Price Index (CPI) Housing costs showed that they eased to the slowest pace in February in over three years. Shelter costs rose 4.2% from the previous year in February, slower than the 4.4% increase seen in January, and later than the 12-month minimum increase since December 2021. Home expenses, which rose 0.3% […]
Silver (XAG) Forecast: Reaction to $31.81 Sets the Tone with CPI as the Next Catalyst – FX Empire
Bank of America expects inflation to remain above target, and is stepping up lawsuits to keep the Fed stable interest rates. Banks have not seen short-term cuts that contradict the market's expectations for potential cuts in July. Goldman Sachs also anticipates further excavations in areas such as automobiles and homes, but warns that tariff policies […]
USD/INR softens on RBI intervention, investors brace for US CPI release – FXStreet
The Indian rupee gained traction in early European sessions on Wednesday. RBI interventions can help limit INR losses. CPI inflation data for India and the US will be highlighted later on Wednesday. The Indian rupee (INR) is upside down on Wednesday, strengthened by strong intervention from the Reserve Bank of India (RBI). Furthermore, US dollar […]