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Australian Dollar advances amid risk-on mood, light trading – FXStreet

The Australian dollar strengthened on risk-advanced sentiment after the UoM’s five-year inflation expectations softened on Friday. The Australian share price rose above 7,770, following Wall Street’s gains from Friday. The US dollar weakened after the Gulf Coast University’s May 5-year consumer inflation expectations dropped to 3.0% from an expected 3.1%. The Australian dollar (AUD) rose […]

House passes bill barring Federal Reserve from issuing digital dollar

The House of Representatives on Thursday passed a bill that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) without explicit permission from Congress. The state CBDC surveillance bill passed the Assembly in a vote of 216-192, almost entirely along partisan lines. The move is largely symbolic, as the Fed has […]

Asia FX weakens as Fed minutes brew rate fears, boost dollar – Investing.com

Investing.com — Most Asian currencies traded in narrow ranges on Thursday, recouping some overnight losses as minutes from the U.S. Federal Reserve’s latest meeting boosted the dollar amid growing concerns about higher interest rates for a long time. The prospect of a renewed trade war between the U.S. and China after China retaliated against higher […]

Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm – Yahoo Finance

By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week high on Thursday after hitting its highest level this month against major peers after minutes of the last Federal Reserve meeting showed some officials were keen to raise interest rates. The New Zealand dollar extended gains after a surprise increase in domestic retail […]

Goldman Sees More Dollar Strength Amid Fight Against Inflation – Yahoo Finance

(Bloomberg) — The dollar could stay strong for longer if the Federal Reserve keeps interest rates on hold and other countries choose to cut borrowing costs, Goldman Sachs Group Inc. said. Most Read Articles on Bloomberg “If the Fed remains on hold but more jurisdictions decide to move forward with domestic easing rather than wait […]

Dollar continues to keep steadier to start the week – ForexLive

But the dollar continues to find a little more footing overall. The Fed minutes will be a highlight on the calendar this week, so keep an eye on them. However, starting tomorrow, things should start to pick up for some other releases as well. For now, the overall mood is stable, but also more tentative. […]

Australian Dollar remains steady after RBA Minutes – FXStreet

The Australian dollar strengthened on Tuesday as risk appetite improved. Australia’s consumer confidence index fell 0.3% from the previous month in May, marking the third consecutive month of decline. The RBA minutes indicated that future changes to the cash rate would be difficult to determine or even rule out. Rising US bond yields are contributing […]

Yen Rebounds as Cooling US CPI Weighs on Dollar, Treasury Yields – Yahoo Finance

(Bloomberg) — The yen rose 1% overnight on Thursday, as traders bet the Federal Reserve will ease monetary policy this year on signs of easing U.S. inflation pressures. The gains expanded in Asian trading. Most Read Articles on Bloomberg Japan’s currency rose to the May 7 level of 154.32 yen to the dollar at around […]