USD/CAD strengthens while the dollar remains stable, attention on Canada’s CPI.
The Canadian dollar lost earlier gains, with USD/CAD rising to 1.3800 during the early US sessions. The US dollar is making a slight recovery in light of the Trump-Zelensky meeting and an upcoming week packed with data, including the Federal Reserve Minutes and Jackson Hole discussions. Traders seem cautious ahead of Tuesday’s Canadian CPI report, […]
Swiss Franc gains strength as mixed US CPI and Trump’s lawsuit threat against Powell impact Dollar
The USD/CHF pair is expected to decline as the mixed U.S. CPI data boosts expectations for a Federal Reserve rate cut in September. In July, the U.S. CPI was reported at 2.7% year-on-year, slightly lower than the 2.8% anticipated, while the Core CPI rose by 0.3% month-on-month and 3.1% year-on-year. President Trump is likely to […]
Euro rises despite poor Eurozone outlook; US CPI shows mixed results
The euro climbed over 30 pips to around 1.1630, ending its two-day winning streak after mixed US inflation figures. US headline inflation increased by 0.2% in July, with the annual rate easing to 2.7%. Core consumer prices are expected to rise by 0.3% month-over-month and 3.1% year-over-year, exceeding forecasts. On Tuesday, the euro gained some […]
Indian Rupee remains steady as investors anticipate July’s CPI data for India and the US
The Indian rupee has dropped to nearly 87.90 against the US dollar as inflation in India rose moderately in July. India’s retail inflation rate increased to 1.55% year-on-year, marking the lowest level seen in eight years. The US and China have both consented to extend their 90-day tariff ceasefire. On Tuesday, during the latter part […]
Stocks remain mostly stable at the start of the week as traders anticipate CPI data: Live updates
US Stock Market Update On June 23, 2025, traders were busy on the floor of the New York Stock Exchange during a typical morning session in New York City. US stock prices barely moved early Monday, while the market hit another all-time high just before a significant inflation report due this week. The Dow Jones […]
July CPI report likely to show an increase in inflation due to tariffs affecting consumer prices
Economic Insights Amid Inflation Concerns The upcoming monthly inflation report from the Department of Labor is set for release on Tuesday, presenting a critical moment for the economy. The Federal Reserve will assess how tariffs are influencing consumer prices as they prepare for interest rate decisions next month. This July, the Bureau of Labor Statistics […]
US Dollar Index drops to around 98.00 amid soft Fed outlook, attention on upcoming CPI
The US Dollar Index is facing difficulties due to recent weak economic indicators from the US. The CME FedWatch tool indicates that there’s about an 89% chance the market is expecting a Fed rate cut in September. Governor Michelle Bowman mentioned that it might be appropriate to implement three interest rate cuts this year. The […]
Japanese Yen declines further from two-week peak against USD due to weaker Tokyo CPI.
After a lukewarm Tokyo CPI report, the Japanese Yen sees some selling pressure. Increased USD buying helped lift the USD/JPY pair. Positive sentiment around US trade agreements and BOJ rate hike expectations may curb JPY declines. The Japanese Yen (JPY) continues its retreat against the strong US Dollar (USD), pushing the USD/JPY pair into the […]
Japanese Yen shows minimal movement following National CPI; stays near multi-month low against USD.
Japanese Yen faces challenges as interest rate hike expectations from the BOJ decline. Japan’s national CPI report typically lacks significant influence. Traders seem hesitant ahead of the Senate elections in Japan scheduled for Sunday. The Japanese Yen (JPY) struggled during Friday’s Asian trading, showing weakness against the US dollar and lingering at levels not seen […]
GBP/USD drops further as rising CPI supports the Dollar.
GBP/USD fell for the eighth consecutive day on Tuesday. US CPI inflation increased in June, dampening expectations for a Fed rate cut. Upcoming data: UK CPI inflation and US PPI business inflation on Wednesday. On Tuesday, GBP/USD faced its eighth straight decline. Following the rise in the US consumer price index (CPI) for June, concerns […]