Asia-Pacific Forex news overview: RBNZ maintains rate/China CPI rises/USD benefits from Trump tariff hints
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GBP/USD remains strong above 1.3450 following UK CPI data, awaiting Fed rate decision.
GBP/USD is likely to see some buying interest near the 1.3460 mark during early European trading on Wednesday. The UK’s CPI inflation decreased to 3.4% year-on-year in May, as anticipated. The Federal Reserve’s interest rate decision is also set to be announced later on Wednesday, with no changes expected. The GBP/USD exchange rate appears to […]
GBP/USD remains stable above the mid-1.3500s before UK CPI and Fed/BoE policy meetings
GBP/USD is likely to remain within a tight range on Tuesday amidst various signals. Expectations of a rate cut from the BOE are putting pressure on the GBP, limiting any upward movement as the USD sees a modest uptick. Dovish sentiment from the Fed is keeping USD Bulls cautious, which, in turn, supports the major […]
EUR/USD continues to rise on soft US CPI, approaches 1.15
EUR/USD Progresses as US Inflation Dips, Prompting Potential Fed Rate Cuts EUR/USD shows momentum following a lower-than-expected US inflation report. Trump advocates for a one-point reduction in the Fed funding rate following CPI data. ECB policymakers remain cautious, indicating the need for further adjustments based on the inflation outlook. During the North American trading session, […]
GBP/USD stays above 1.3500 as USD weakens after CPI
GBP/USD is trading slightly above 1.3500 today. The US dollar seems to be struggling compared to its competitors after the latest inflation figures. Both the CPI and Core CPI showed more modest increases than anticipated in May. After experiencing a drop on Tuesday, GBP/USD is rebounding, surpassing 1.3500 during Wednesday’s US trading session. Currently, there’s […]
US Dollar Index remains over 99.00 before US CPI data
The US Dollar Index is benefiting from reduced trade tensions with China. The US consumer price index may rise by 2.5% year-on-year in May. The US Court of Appeals has prolonged its temporary stay, allowing the government to maintain its significant tariffs imposed by Trump. The US Dollar Index (DXY), which gauges the USD’s value […]
GBP/USD weakens after disappointing UK data, while US CPI remains a concern.
GBP/USD dips following UK wage and employment data that exceeded expectations. US CPI inflation data is imminent and expected to have a significant impact. Mid-tier trade data from the UK and US consumer sentiment metrics are still to come later this week. The GBP/USD saw a decline on Tuesday, weighed down by unexpected results in […]
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 […]