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The dollar continued its October rally, and yields edged higher this week. The moves reversed somewhat by the end of the week, as investors maybe questioning the sustainability of the recent sharp rise in US rates. Oil prices retraced some of the decline from recent weeks which weighs on energy-importing currencies such as euro and yen. […]

The post Weekly Focus – Stagnant Euro Area Economy Supports Gradual Easing appeared first on Action Forex.

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17/07/2024

AUD/USD: Market Stabilizes Amid Rate Cut Expectations

The Australian dollar has stabilized against the US dollar, currently trading around 0.6738. This follows a period of decline influenced by ongoing speculations regarding the US Federal Reserve’s impending policy actions. Expectations are set for the Fed to initiate rate cuts starting in September, with an additional reduction anticipated before the year’s end. Fed Chairman […]
12/09/2024

AUD/USD Edges Higher as Inflation Expectations Eases

The Australian dollar has posted slight gains on Thursday. In the European session, AUD/USD is up 0.16%, trading at 0.6684 at the time of writing. Australia’s inflation expectations dip to 4.4% Australia’s consumer inflation expectations eased to 4.4% in September, down slightly from 4.5% in August but above the forecast of 4.1%. The small decline […]
07/11/2024

October CPI Preview: Disinflation Is Getting Harder

Summary The October Consumer Price Index will likely show that progress in wringing out the last bit of inflation remains frustratingly slow. We look for headline CPI to have advanced 0.2% in October, which would bump up the 12-month change in consumer prices to 2.5%. Excluding food and energy, prices are likely to have increased […]