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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 […]

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 […]

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 […]