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China’s CPI declines by 0.3% Fed’s Mester pushes back against March rate cut expectations The Australian dollar has edged higher on Friday. In the European session, AUD/USD is trading at 0.6693, up 0.09%. Policy makers at Australia’s central bank are keeping a close eye on this week’s inflation data out of Australia and China. Australia’s […]

The post Australian Dollar Edges Up as China CPI Slips appeared first on Action Forex.

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23/05/2024

EUR/USD Fell With Noticeable Acceleration After FOMC Minutes

Markets Above-consensus April inflation figures in the UK triggered an obvious underperformance of gilts, resulting in yield gains between 7.2 (30-yr) and 14.2 bps (2-yr). A June rate cut by the BoE is just short of fully priced out. Steep gilt losses dragged core peers lower as well. German yields gapped higher at the open […]
05/07/2024

Euro and Sterling Up, USD Down Ahead of US Jobs Data

The UK’s Labour Party is set to win a highly anticipated landslide victory in the general election. Cable is upbeat near 1.2770 and the FTSE futures are pointing at a positive start to the session. With the general election behind us – and more political uncertainty and hopefully less scandals ahead – the Labour win […]
06/03/2024

Sunset Market Commentary

Markets It was a drawn-out stretch towards the publication of the US services ISM today (read about it down below). Core bonds in the meantime gained ground with US Treasuries in particular shaking off yesterday’s Bostic’s comments. The Atlanta Fed president warned for inflation risks from “pent-up exuberance”. That’s how he describes companies being ready […]