Japanese Yen receives support from odds of BoJ raising rates following Tokyo CPI – FXStreet
The Japanese yen rose as traders predicted the Bank of Japan would raise interest rates in January. Japan's Jibun Bank manufacturing PMI reached 49.6 in December, exceeding the forecast of 49.5 and the previous estimate of 49.0. The dollar remains weak, with 2-year and 10-year Treasuries trading at 4.32% and 4.62%, respectively, as U.S. Treasury […]
Japanese Yen rises following Tokyo CPI inflation – FXStreet
The Japanese yen strengthened following the release of Tokyo CPI inflation data, which showed an increase in December. The Tokyo Consumer Price Index in December was 3.0% compared to the previous year, up from 2.6% in November. The US dollar rose slightly as the possibility of further interest rate cuts by the US Federal Reserve […]
USD/JPY holds below 158.00 after Tokyo CPI inflation data – FXStreet
USD/JPY lost momentum to around 157.75 early Friday Asian time. Tokyo CPI rose 3.0% year-on-year in December, compared to a 2.6% rise year-on-year. The Federal Reserve has signaled it will slow its rate of rate cuts, which could support the dollar. In early Asian trading on Friday, USD/JPY lost momentum to around 157.75. The Japanese […]
Dollar gains ahead of CPI, yuan falls as China considers allowing currency to weaken – Yahoo Finance
Written by Hannah Lang NEW YORK (Reuters) – The dollar rose on Wednesday after U.S. price data was in line with expectations, boosting expectations that the Federal Reserve will cut interest rates next week. A Reuters report that China is considering allowing its currency to weaken next year also boosted the dollar, while the yuan […]
USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision – FXStreet
USD/CAD has retreated from multi-year highs, but the downside appears to be limited. Rising oil prices are supporting the loonie and putting pressure on the currency pair. The technical setup supports the prospect of some bullish buying. The USD/CAD pair fell slightly in Asian trading on Wednesday, but did not continue to rise, remaining close […]
Gold (XAU) Silver (XAG) Daily Forecast: CPI Data and Dollar Rally Shape Precious Metals’ Short-Term Outlook – FX Empire
Despite the decline, gold remains a popular safe-haven asset amid geopolitical tensions. Conflicts in Eastern Europe and the Middle East, combined with concerns about U.S. trade policy under President-elect Donald Trump, continue to sustain its appeal during uncertain times. Silver reflects gold's decline amid dollar rally Silver price (XAG/USD) followed a similar path, trading at […]
Gold prices steady near $2,700 as geopolitics, CPI jitters spur safe haven demand – Investing.com
Investing.com — Gold prices stabilized near two-week highs in Asian trade on Wednesday as geopolitical instability in Asia and the Middle East supported safe-haven demand. The yellow metal also attracted some bids as markets turned risk-averse ahead of key US inflation data due later on Wednesday, which is likely to be factored into the interest […]
Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI – FXStreet
Rising US Treasury yields are supporting the US dollar and keeping the yellow metal in check ahead of the US CPI report. Gold prices (XAU/USD) extended its weekly uptrend for a third consecutive day on Wednesday, rising to a two-and-a-half week high during Asian trading. The product is currently looking to extend its momentum above […]
Asian Stocks Set for Sluggish Start as CPI Looms: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks were poised for a lukewarm move as traders awaited key U.S. inflation data for clues on whether the Federal Reserve will cut or keep interest rates unchanged next week. Most Read Articles on Bloomberg Sydney stocks fell slightly and Tokyo benchmark futures fell slightly, but Hong Kong stocks set a solid […]
US stock futures muted after Wall St sinks on tech losses; CPI awaited – Investing.com
Investing.com — U.S. stock index futures were little moved Monday night, steady after a sell-off in tech stocks sent Wall Street off record highs, with attention remaining on key inflation data coming up. . Risk sentiment was also volatile due to heightened geopolitical uncertainty over regime change in Syria following the overthrow of Bashar al-Assad's […]