Logo-color Logo-white

Dollar stages a notable recovery in the early US session, buoyed by stronger than expected January PPI figures. The highlight was PPI excluding foods, energy, and trade services, which saw its largest monthly increase in a year, hinting at persistent underlying inflationary pressures upstream. Despite the current rebound rebound, Dollar has yet to surpass the […]

The post Dollar Finds Footing on Strong PPI Data appeared first on Action Forex.

previous

Yen Dips as Nikkei Charges Toward Record High

next

Market Optimism Endures Through a Week of Economic Paradoxes

Read More

Dollar Falters on Soft PCE Inflation Data, Sterling Rises on Retail Sales
22/12/2023

Dollar Falters on Soft PCE Inflation Data, Sterling Rises on Retail Sales

Fresh selloff is seen in Dollar in early US session after lower than expected headline and core PCE inflation readings. While another month of progress might still be insufficient to prompt Fed for an early rate cut, at least, things are heading in the right direction. The greenback is set to end as the worst […]
Dollar Firm Ahead of ISM Manufacturing; Swiss GDP and CPI Also in Spotlight
03/09/2024

Dollar Firm Ahead of ISM Manufacturing; Swiss GDP and CPI Also in Spotlight

Dollar is trading with a slightly firm tone this week, though overall forex market activity has been relatively subdued. It’s worth noting that last month’s sharp selloff in US stocks was actually started with disappointing ISM manufacturing data, which was then exacerbated by the non-farm payrolls report. Given this backdrop, today’s release could trigger volatility […]
Resilient Risk Sentiment Limits Dollar Rebound, Eurozone and US Inflation Reports Take Center Stage
30/08/2024

Resilient Risk Sentiment Limits Dollar Rebound, Eurozone and US Inflation Reports Take Center Stage

Trading activity was notably subdued in the final Asian session of the week and August, but with a busy economic calendar ahead, volatility could pick up soon. Euro remains the weakest performer of the week, as the broad slowdown in inflation, reflected in data from Germany, Spain, Belgium, and Ireland, points towards another ECB rate […]