Australian Dollar gives up recent gains as the US Dollar edges higher – FXStreet
The Australian dollar continues to rise despite strong economic data from China released on Friday. China's GDP grew by 5.4% year-on-year in the fourth quarter of 2024, after reporting a 4.6% expansion in the third quarter. U.S. retail sales rose 0.4% month-on-month in December, compared to expectations for a 0.6% increase. The Australian dollar (AUD) […]
Gold prices hit 1-mth high after soft CPI data dents dollar – Investing.com
Investing.com — Gold prices hit a one-month high in Asian trade on Thursday as slightly softer consumer inflation data boosted hopes for lower interest rates this year, tracking declines in the dollar and U.S. Treasury yields. rose to The yellow metal has now topped $2,700 an ounce for the first time since early December, as […]
Sick moment crooks loot multi-million dollar homes abandoned during LA wildfires — with an Emmy stolen in one raid
Security camera footage shows ruthless scammers running through multi-million dollar homes evacuated during the Los Angeles wildfires, with one stealing an Emmy Award. The footage shows the robbers wearing gray sweatshirts and carrying book bags walking up a huge staircase at the Palisades mansion. The mansion is estimated to be worth around $34 million. They […]
US Dollar Index retreats to 109.00 ahead of December CPI inflation – FXStreet
The US dollar's weekly losses increased for the third consecutive day. Traders are nervous about the upcoming US CPI release. The US dollar index (DXY) is testing 109.00 and could fall further on the possibility of a disinflationary CPI release. The US Dollar Index (DXY), which tracks the value of the US dollar against six […]
Forex Today: US Dollar bides time ahead of US CPI inflation test – FXStreet
Here's what you need to know on Wednesday, January 15th. Markets witness a typical cautious environment ahead of the release of the all-important December US Consumer Price Index (CPI) data, which will provide new insight into the US Federal Reserve's interest rate trajectory. There is. The US dollar (USD) continues to strengthen following a recent […]
Australian Dollar holds ground due to risk-on market sentiment, China’s measures – FXStreet
The Australian dollar has been supported by improving market sentiment and solid commodity prices. The Australian dollar rose on strong trade data from China and Beijing's efforts to stabilize the yuan. The US dollar fell after December's US producer price index was disappointing. The Australian dollar (AUD) remained stable on Wednesday after gaining for the […]
US dollar to stay stronger for longer, UBS says – Investing.com
Investing.com — UBS strategists expect the U.S. dollar to “appreciation for an extended period of time,” citing strong economic activity in the U.S. and continued tariff concerns affecting other regions. On Monday, (DXY) soared to its highest price since November 2022, trading above the 110 mark during trading. This represents an increase of about 9% […]
Australian Dollar rebounds from five-year lows due to strong commodity prices – FXStreet
The Australian dollar has rebounded from US$0.6131, its lowest level since April 2020. The Australian dollar is supported by solid commodity prices, with improved market sentiment. The US dollar is being supported by an increasing probability that the Fed will keep interest rates unchanged in January. The Australian dollar (AUD) rose for the second day […]
Dollar hits two-year high after robust US data puts brake on rate cut bets – Financial Times
Stay informed with free updates Just sign up for currency myFT Digest — delivered straight to your inbox. The dollar hit a two-year high against major currencies on Monday, as strong U.S. jobs data late last week prompted traders to back off expectations for further interest rate cuts from the Federal Reserve. The pound was […]
AUD/USD holds below 0.6150 on bullish US Dollar, stronger US NFP report – FXStreet
In early Asian trading on Monday, AUD/USD weakened to around 0.6145. U.S. nonfarm payrolls increased by 256,000 in December. The unemployment rate fell to 4.1%. Concerns about China's economic downturn are weighing on Australia. Early in Monday's Asian session, the AUD/USD pair remained defensive around 0.6145. US job growth in December was better than expected, […]