USD/JPY drops below 156.00 amid suspected BoJ intervention – FXStreet
USD/JPY lost momentum around the 155.75i range in early Asian trading on Thursday, down 0.30% from the previous day. Japan’s exports increased for the seventh consecutive month in June. The growing likelihood of a US interest rate cut and a dovish message from the Fed is likely to cap the upside for this currency pair. […]
EUR/USD holds position around 1.0800 as softer US data escalate odds of Fed rate cuts – FXStreet
EUR/USD is rising as the US Dollar struggles due to growing expectations of a Fed interest rate cut in 2024. The U.S. ISM Services PMI fell to 48.8 in June, the biggest drop since April 2020. The euro could be volatile as the second round of the French election approaches this Sunday. EUR/USD continued its […]
USD/JPY trades with positive bias near 161.00, just below its highest level since 1986 – FXStreet
USD/JPY remains at its highest level in decades as the interest rate differential between the US and Japan widens. Fears of intervention may discourage bulls from making fresh investments in major currencies. Traders are now looking to the US ISM Manufacturing PMI for near-term momentum. The USD/JPY pair started the new week on a subdued […]
US Dollar Index climbs to fresh two-month top ahead of the key US PCE data – FXStreet
DXY regained positive momentum amid some repositioning ahead of the US PCE Price Index release. Recent hawkish comments from Federal Reserve officials support one rate cut this year. Therefore, any significant inflation data will play a key role in moving the US Dollar in the near term. The US Dollar (USD) rose to a two-month […]
US Dollar recovers terrain, eyes on PCE – FXStreet
The US Dollar began Tuesday with a strong rebound. Fed officials are remaining cautious given mixed economic data. May’s PCE figures will be released on Friday and will be the highlight of the week. On Tuesday, the US Dollar, as measured by the Dollar Index (DXY), started the week weakly but has since strengthened to […]
Gold price trades with mild positive bias, lacks follow-through amid mixed cues – FXStreet
Gold prices attracted some buyers, reversing some of Friday’s declines from a two-week high. Expectations of a Fed rate cut in September and geopolitical risks are giving XAU/USD some support. The US dollar has risen to its highest level since May 9, creating a headwind for commodities. Gold prices (XAU/USD) have found some support around […]
US Dollar consolidates gains after Fed speakers ask for further disinflation – FXStreet
The US Dollar is stagnating as investors analyze recent comments from Federal Reserve officials. The market is skeptical of the Fed’s guidance and continues to expect a rate cut in September. Cautious comments from Federal Reserve officials will limit the dollar’s decline. The U.S. dollar, as measured by the DXY index (DXY), remained relatively unchanged […]
Australian Dollar extends decline following mixed China's economic data – FXStreet
In Asian markets on Monday, the Australian dollar continued to fall as the US dollar strengthened. A hawkish Fed stance and challenges in China’s economic recovery are weighing on AUD/USD. Attention will be on the Reserve Bank of Australia’s (RBA) interest rate decision on Tuesday, although no changes to rates are expected. The Australian dollar […]
Gold price in India: Rates on June 13 – FXStreet
Gold prices fell in India on Thursday, according to data compiled by FXStreet. Gold price was at INR 6,219.88 per gram, down from INR 6,244.83 on Wednesday. Gold prices fell to INR 72,544.30 per tola from INR 72,838.46 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,219.88 10 grams […]
AUD/USD trades with mild gains above 0.6650, all eyes on US NFP data – FXStreet
In early Asian trading on Friday, AUD/USD was trading modestly higher around the 0.6670 level. Weak U.S. employment data this week has led to growing expectations that the Fed will cut interest rates in September. The RBA’s Bullock said the central bank would not hesitate to raise interest rates again if inflation remained high. In […]