Logo-color Logo-white

Dollar’s decline finally takes off again overnight, following dovish comments from some Fed officials. In particular, Fed Governor Christopher Waller, typically known for his hawkish views, softened his stance and expressed a level of satisfaction with the current interest rate policy. Chicago Fed President Austan Goolsbee’s even raised concerns about the risks of maintaining overly […]

The post Fed’s Dovish Tone Pressures Dollar and Yields, RBNZ’s Hawkishness Lifts Kiwi appeared first on Action Forex.

previous

Hesitant Dollar Sellers In Search of Clear Signals for Further Action

next

Dollar Finds Its Footing, Euro Faces Headwinds, Aussie at a Critical Point

Read More

Core Inflation Slowdown Hits a Snag, Dollar Rises Amid Fed Cut Uncertainties
13/02/2024

Core Inflation Slowdown Hits a Snag, Dollar Rises Amid Fed Cut Uncertainties

Dollar rises significantly in early US session supported by the latest consumer inflation data, which also triggers a marked in DOW futures, dropping by over -300 points. Concurrently, 10-year Treasury yield is soaring near 4.3% mark. Most critically, the inflation data revealed that core CPI remained unchanged at 3.9% in January. This stagnation in core […]
Sterling Steady as UK Inflation Eases; Australian Dollar Strengthens
19/06/2024

Sterling Steady as UK Inflation Eases; Australian Dollar Strengthens

British Pound held steady following release of UK data showing decrease in both headline and core consumer inflation for May. This development is unlikely to influence BoE decision tomorrow, where a rate hold is widely anticipated. Although BoE is expected to begin cutting interest rates soon, this plan has been delayed due to the unexpected […]
Selling Pressure Shifts to Yen and Swiss Franc, Dollar Recovers on Fed’s Hawkish Remarks
17/05/2024

Selling Pressure Shifts to Yen and Swiss Franc, Dollar Recovers on Fed’s Hawkish Remarks

Yen’s selloff resumed after brief recovery yesterday and continued to weaken throughout Asian session. Markets largely ignored comments from former BoJ chief economist Toshitaka Sekine, who suggested the next rate hike could happen as soon as in June. The general understanding is that BoJ will at least wait for Q2 data to confirm if Q1 […]