Forex
Investing.com-- Most Asian currencies rose on Thursday after some softer U.S. consumer inflation readings pulled the dollar to a one-month low and saw traders increase bets on a September interest rate cut.
But gains in some regional units were held back by a mix of soft economic data and trade tensions, especially in Japan, China and Australia.
Dollar at over 1-mth low as CPI data pushes up rate cut hopesThe dollar index and dollar index futures fell 0.2% each in... (continue reading...)
Investing.com - The U.S. dollar steadied in European trade Thursday, after dropping to multi-week lows overnight in the wake of a milder U.S. inflation report, which brought Fed rate cuts back into focus.
At 04:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 104.285, having fallen to a five-week low just below 104 overnight.
Dollar on back foot after key inflation dataThe dollar remains... (continue reading...)
By Herbert Lash and Harry Robertson
NEW YORK/LONDON (Reuters) -The dollar rose on Thursday after data showed U.S. import prices increased 0.9% last month, a jump that raised market fears that the Federal Reserve's fight to tame inflation is not done and could delay plans for policymakers to cut interest rates.
The market also was grappling with a drop in the number of Americans filing new claims for unemployment benefits last week that... (continue reading...)
The EUR/USD is being driven by important US data, not Eurozone activity, said analysts at ING.
Analyst Francesco Pesole explained, "Eurozone developments are being dwarfed by the US calendar events, and EUR/USD is set to be driven by the USD leg for longer. Today, we’ll see the second release of the eurozone’s 1Q GDP, which came in at 0.3% quarter-on-quarter in the advance print, and industrial production figures for March. The European Commission is also set to... (continue reading...)
Investing.com-- Most Asian currencies rose slightly on Wednesday, retaking some ground against a weaker dollar as markets awaited more cues on interest rates from key U.S. inflation data due later in the day.
Traders also grew more confident that the Federal Reserve will not hike interest rates further in 2024, following comments from Chair Jerome Powell on Tuesday. This notion sparked some weakness in the dollar, even as factory inflation data for April surprised to... (continue reading...)
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