USD/JPY plunges to near 147.50 on speculation of Fed rate cuts in March, US PMI data eyed – FXStreet
share: The US dollar/yen pair fell due to expectations of a Fed interest rate cut in March. Japan's better-than-expected economic indicators may have supported the yen. The US dollar faces challenges due to weak US yields and improving risk appetite. The USD/JPY pair is trending lower as market confidence is restored on expectations […]
UK CPI Preview: Inflation expected to fall for third consecutive month in December – FXStreet
share: The high-impact UK CPI data will be published by the Office for National Statistics on Wednesday. UK headline and core annual inflation are expected to fall, but monthly CPI is expected to recover. The UK CPI report will have a major impact on the BoE's policy outlook, which could have an impact […]
Canada inflation expected to rise to 3.3% in December – FXStreet
share: Canada's consumer price index is expected to rise 3.3% year-on-year in December. The BoC has released its Business Outlook Survey (BOS). The Canadian dollar is at a four-week low against the US dollar. Canada is scheduled to release important inflation-related data on Tuesday. Statistics Canada will release the consumer price index (CPI) […]
Pound Sterling falls on backfoot amid caution ahead of UK labor market data – FXStreet
share: Sterling fell as investors turned their attention to the UK jobs report. Weak wage growth data will soften the inflation outlook and raise expectations that the Bank of England will cut interest rates. Market volume remains thin in the US market as the weekend drags on. Pound Sterling (GBP) is facing a […]
Euro wavers, the USD picks up as market mood falters – FXStreet
share: The euro rose as the US dollar recovered amid weak market sentiment. Weaker-than-expected US PPI on Friday reignited hopes of a Fed rate cut, hurting the US dollar There is little trading on Monday as the US market is closed for the holiday. The euro (EUR) has fallen after a strong start […]
EUR/USD Price Analysis: Remains stable near 1.0930, bearish sentiment looms – FXStreet
share: EUR/USD remains flat after recent declines while the USD stabilizes. The key level of 1.0950 appears to be an immediate resistance level. A break below 1.0900 could allow the pair to cross the 50-day EMA at 1.0888. EUR/USD held steady after posting recent losses in the previous session, trading around 1.0930 in […]
US Dollar gains ahead of key CPI data, negative market mood – FXStreet
share: The DXY index fell to 102.10 and is now rising at 102.50. Markets turned risk-averse on Tuesday, seeking refuge in the US dollar. CPI inflation from December will be the highlight of the week on Thursday. The United States Dollar (USD) index on Tuesday reached the 102.50 mark on an upward trajectory, […]
Mexican Peso trims some losses against US Dollar but remains soft after Fed minutes – FXStreet
share: The Mexican peso rebounded somewhat while the Fed's recent minutes were less dovish than traders expected. Mexico's manufacturing PMI fell to 52.0, putting pressure on the peso amid strong business confidence data. USD/MXN recovers above 17.00 after briefly falling due to the rise in the US dollar The Mexican peso (MXN) started […]