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The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than expected in the first quarter, a sign that inflationary pressures may be easing. The wage price index rose 0.8% q/q […]

The post Australian Dollar Higher, Wage Growth Dips Lower appeared first on Action Forex.

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19/03/2024

USD/JPY: Yen Loses Ground on Signs of Extended Fed/BoJ Rate Gap

USDJPY was sharply higher (up almost 1%) after BOJ’s major shift, though the message from the central bank was seen as dovish on signals that future policy tightening will be moderate, which will keep the big rate gap between the Fed and BoJ and favor the dollar. Fresh acceleration extends recovery leg from 146.48 higher […]
31/05/2024

Focus for Global Trading on EMU and US Inflation Data Series

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