Logo-color Logo-white

Euro recovers broadly today, as lifted by GDP data that indicated the Eurozone economy has narrowly averted a technical recession. This positive development has also led to a notable rebound in Germany’s benchmark treasury yields. Meanwhile selling pressure has shifted Sterling and Swiss Franc, both of which are ceding some of their recent gains against […]

The post Euro Recovers as Recession Dodged in Eurozone, Aussie Softens ahead of CPI appeared first on Action Forex.

previous

Dollar Declines as US Stocks Reach New Record, But Euro Even Weaker

next

CPI Miss Drives Aussie Down, Dollar Sees Modest Rise Pre-FOMC

Read More

Dollar Weakens as Treasury Yields Slip, Market Awaits US CPI for Clarity on Fed’s Next Move
11/09/2024

Dollar Weakens as Treasury Yields Slip, Market Awaits US CPI for Clarity on Fed’s Next Move

Dollar softened across the board in today’s Asian session, dragged down by extended in US Treasury yields. Investors appear to be setting aside the first presidential debate between Kamala Harris and Donald Trump, focusing instead on the highly anticipated US CPI report, which might hopefully provide clearer direction on Fed’s upcoming interest rate cut. Market […]
Sterling Climb as Markets Dial Back BoE Rate Cut Expectations
25/05/2024

Sterling Climb as Markets Dial Back BoE Rate Cut Expectations

Last week, global financial markets were heavily influenced by evolving expectations surrounding central bank monetary easing paths and unexpected political developments. British Pound emerged as the most significant gainer, buoyed by fading expectations of an immediate BoE rate cut in June. This shift was precipitated by latest inflation data and compounded by the UK government’s […]
Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims
13/06/2024

Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims

While Dollar had a sharp decline following US consumer inflation data overnight, the selloff was short-lived. The greenback stabilized and recovered after FOMC projections indicated that only one rate cut is likely this year. Stock and bond markets showed little reaction to Fed’s announcement. Attention now turns to upcoming US PPI and jobless claims data […]