Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut – Investing.com
Investing.com — Most Asian currencies were in a flat to lower range on Thursday, while the dollar strengthened, after a strong U.S. consumer price index dashed hopes that the Federal Reserve would make a bigger interest rate cut. Weak Japanese inflation data weighed on the yen, sending it further down from an eight-month high, but […]
Australian Dollar strong as investors digest US CPI figures – FXStreet
The Australian dollar is strengthening against the US dollar after the latest US inflation data showed a fall in CPI. RBA's Hunter spoke about Australia's labour market, stressing it remains in a tough position compared to full employment. With the RBA continuing to maintain a hawkish stance, there is still room for the AUD/USD pair […]
Forex Today: US CPI cooled hopes for a Fed’s 50 bps rate cut – FXStreet
Things to watch out for on Thursday, September 12: Financial markets turned risk averse after the U.S. released its August Consumer Price Index (CPI). The Bureau of Labor Statistics reported that the annual CPI rose 2.5% year-on-year, slowing from the previous 2.9%. The core annual figure also came in at 3.2%, in line with July's […]
August 2024 CPI report | Fox Business
Former Treasury Secretary Steven Mnuchin responded to the former president's speech about Kudlow at the Economic Club of New York. Inflation fell to its lowest level in more than three years in August, strengthening the case for the Federal Reserve to cut interest rates next week even as prices remain uncomfortably high for millions of […]
Futures lower, Trump-Harris debate, CPI ahead – what's moving markets – Investing.com
Investing.com — Wall Street stock futures are trending lower as traders focus on upcoming U.S. inflation data and the debate between U.S. presidential candidates Donald Trump and Kamala Harris. The two candidates traded sharp punches, but investors got few details on either candidate's economic policies. Meanwhile, shares of U.S. video game retailer GameStop (NYSE:) fell […]
GBP/USD eases from daily top on weaker UK data, hovers around 1.3100 ahead of US CPI – FXStreet
GBP/USD continues to attract buyers for the second consecutive day as the US Dollar weakens slightly. The intraday rally lost momentum after disappointing UK macroeconomic data releases. Any declines are likely to be limited as traders await the release of the key US Consumer Price Index (CPI) report. The GBP/USD pair gained follow-through positive traction […]
EUR/USD trades around 1.1050 after halting a three-day losing streak, US CPI eyed – FXStreet
EUR/USD rises ahead of US inflation data due on Wednesday. The US dollar has weakened as Treasury prices continue to fall amid growing likelihood of a rate cut by the Fed in September. Traders expect the ECB to cut interest rates by 25 basis points when it meets on Thursday. EUR/USD stopped a three-day losing […]
GBP/USD flat after UK labor market data, eyes on US CPI – FXStreet
GBP/USD remains under pressure around the 1.3050 region as cautious market sentiment masks a near-term recovery sparked by the UK employment data. US CPI data will be a focus on Wednesday. Markets will also be focused on the US presidential debate on Tuesday. The GBP/USD pair remains on the defensive, dropping towards 1.3050 during the […]
Gold price rises ahead of US CPI data and first Harris/Trump presidential debate – FXStreet
As Treasury yields fall and the US dollar weakens, gold prices rise. Traders are awaiting US CPI data. The probability of a Fed rate cut is 67% for a 25bps cut and 33% for a 50bps cut. The focus now shifts to the first US presidential debate, which could influence pre-election market sentiment. Gold prices […]
Gold surges above $2,500 ahead of US CPI as Fed rate cut looms – FXStreet
Gold is rising despite the general strength of the US dollar, as traders focus on the upcoming release of the US Consumer Price Index (CPI). The CME FedWatch tool indicates a 73% probability of a 25 bps rate cut by the Fed, a change from previous speculation of a 50 bps cut. Treasury yields are […]