Pound Sterling gains from Q2 GDP, while US Dollar looks forward to mid-level data.
Key Updates for Thursday, August 14th The British pound is showing strength, supported by positive data releases, and seems likely to hold its ground against competitors this Thursday. Later today, the U.S. economic calendar will feature producer inflation figures for July along with the first weekly unemployment claims. This week’s US Dollar Price The table […]
The Australian dollar has risen sharply with the significant increase in full-time employment figures.
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Dollar Remains Weak on Anticipated US Rate Cuts
Dollar Index Declines Amid Rate Cut Expectations The dollar index (DXY00) dropped by 0.26% on Wednesday, adding to Tuesday’s loss of 0.43%. This decline is largely driven by rising expectations for a potential Federal Reserve rate reduction before the year ends. Alongside this, the yield on the 10-year Treasury note fell by 5 basis points. […]
US Dollar Index (DXY) May Face Significant Drop. Important Level to Watch
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Australian Dollar falls as RBA rate cut indicates slowing inflation trends and weakening job market.
The Australian Dollar Remains Steady After Recent Gains The Australian Dollar holds its position after recently posting nearly 0.5%. As expected, Australia’s wage price index rose by 0.8% QOQ. The US consumer price index rose 2.7% year-on-year, while the annual CORE CPI rose 3.1% in July. The Australian Dollar (AUD) is unlikely to see much […]
Trump Administration Offers Multi-Million Dollar Reward for Notorious Haitian Criminal Known as ‘Barbecue’
State Department Offers Reward for Haitian Gang Leader The State Department has announced a $5 million reward for information leading to the capture of Jimmy “Barbecue” Sherizier, a notorious leader of a Haitian gang. This decision comes as Sherizier faces allegations of funneling money from the U.S. to support criminal activities, as revealed in a […]
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 […]
Australian Dollar strengthens as US-China trade truce continues, RBA decision anticipated.
The Australian dollar is in focus as the Reserve Bank of Australia is set to announce its policy decision on Tuesday. The Trump administration has decided to delay the implementation of tariffs on China by another 90 days. Forecasts suggest the US consumer price index will rise by 2.8% in July. On Tuesday, the Australian […]
Cuban currency reaches all-time low as dollar use grows.
Currency Challenges in Cuba HAVANA – On Monday, the Cuban peso was trading informally at around $400, reflecting the increasing trend of partial dollarization in the economy. This shift is happening amidst rising social tensions due to a lack of basic goods and deteriorating infrastructure and public services. Governments that rely on imports are criticizing […]
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 […]