Australian Dollar consolidates after robust Monthly inflation, US Dollar remains firm
The Australian Dollar appreciated after the higher-than-expected consumer inflation was released on Wednesday. Australia’s Monthly Consumer Price Index rose 3.6%…
USD/CAD extends downside to 1.3600 amid soft US Dollar
USD/CAD edges down to 1.3600 as the US Dollar’s appeal is uncertain. US core PCE Price Index is projected to…
Australian Dollar grapples to halt its losses, while US Dollar remains steady
The Australian Dollar continues to lose ground after the higher-than-expected US PMI data. Australian equities faced pressure due to the…
EUR/USD remains above 1.0800 ahead of Eurozone PMI
EUR/USD holds its position ahead of the releases of PMI data from the Eurozone and Germany. Eurozone Manufacturing Services PMIs…
EUR/USD remains calm around 1.0850 ahead of FOMC Minutes
EUR/USD halts its two days of losses ahead of FOMC Minutes on Wednesday. Fed’s Susan Collins stated that progress toward…
Australian Dollar remains firmer due to risk-on mood, RBA Minutes eyed
The Australian Dollar appreciates due to improved risk appetite on Monday. The Aussie Dollar may struggle as Australia’s 10-year bond…
USD/JPY climbs to near 156.00 as BoJ maintains bond-buying
USD/JPY appreciates as BoJ maintains its bond-buying amounts from the previous operation. Former BOJ chief economist Toshitaka Sekine suggested the…
Australian Dollar retreats from four-month highs after higher Unemployment Rate
The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1%…
GBP/USD clings to near 1.2550 ahead of Unemployment Rate
GBP/USD holds its position around the major level of 1.2550 due to improved risk sentiment. Unemployment Rate (3M) is expected…
NZD/USD drops to near 0.6000 after the release of the softer Kiwi data
NZD/USD has depreciated as the softer Inflation Expectations (Q2) fueled speculation that the RBNZ may lower rates in 2024. The…