Author: FX
MUFG’s Lee Hardman notes the US Dollar (USD) is trading on a softer footing as Federal Reserve (Fed) rate hike expectations are scaled back following weaker labour data and a mixed United States (US) Producer Price Index (PPI) report. Short-term US yields are declining, yet the Dollar index still holds above its 200-day moving average.Dollar soft as Fed repricing continues”The US dollar has continued to trade on a softer footing this week encouraged by the scaling back of Fed rate hike expectations.””The slowdown in private employment and wage growth in recent months alongside limited evidence of higher energy prices spilling…
Swiss economy estimated to post quarterly growth of 1.5% in the second quarter !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
EUR/NZD tagged the top of its two-month range near 1.9750 and is now sliding back toward the lower half of the consolidation. Could sellers be setting their sights on another test of the 1.9550 range floor? EUR/NZD 4-hour Forex Chart Faster with TradingView The euro heads into Friday with the Euro Area’s second estimate of Q2 GDP and preliminary employment figures due during the London open. Meanwhile, the Kiwi caught a lift after Thursday’s softer-than-expected U.S. PPI report pushed September Fed hike odds below 40% and boosted risk appetite. Still, New Zealand’s Q3 business inflation expectations fell sharply to 2.34%,…
USD/CAD is testing a key area as conflicting technical signals and upcoming catalysts set the stage for its next move. Source link
investingLive Asia-Pacific Market news: Oil edges up, small move !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
USD/CAD loses ground for the second successive day, trading around 1.3920 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) declines following a softer-than-expected US inflation report. Market attention is now shifting toward the US July Retail Sales data scheduled for release later in the day.Adding to the inflation picture, the Bureau of Labor Statistics (BLS) reported that US wholesale costs for goods and services were flat in July, cooling more than the anticipated 0.2% growth following a revised 0.1% decline in June. Excluding volatile food and energy components, the core Producer Price Index (PPI)…
NZ manufacturing growth cools to 54.3 in July after June’s surge !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Markets pushed higher on Thursday after a cooler-than-expected U.S. producer price report reinforced bets that the Federal Reserve will hold off on raising interest rates next month. The S&P 500 touched a fresh record, extending a global equity rally that began overnight with a surge in Asian chip stocks, even as a split field of Fed officials offered conflicting signals on the path ahead. The U.S. dollar swung in both directions across the Asian, London, and U.S. sessions before closing mixed, and arguably a shade firmer, against most major currencies. Check out the forex news and economic updates you may…
The Euro holds firm above 1.1500 as inflation data in the US curbed Fed rate hike bets, as traders shifted from expecting a rate hike to a hold in the September 16 meeting, while investors await the release of economic growth figures in the European Union (EU).EUR/USD steadies as softer US inflation contrasts with hotter Spanish pricesUS producer-side inflation confirmed what the CPI revealed a day earlier: the disinflation process is evolving. The Producer Price Index (PPI) cooled in headlines and core figures, each at 4.7% and 4.2% respectively, when compared to June’s print.This pushed investors to reduce bets on…
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