Logo-color Logo-white

Dollar continues its struggle to find direction, and stay in familiar range against most major currencies except against Swiss Franc. Markets shift their focus to the upcoming release of April US PCE data for guidance. Currently Fed fund futures are indicating a 50/50 chance of a rate cut by September. Recent comments from Fed officials […]

The post Inflation Data from Eurozone and US Takes Center Stage appeared first on Action Forex.

previous

Swiss Franc and Yen Surge as Dollar Lags in Risk-Averse Markets

next

Euro Rallies on Inflation Surprise, US PCE Data Bolsters Stocks

Read More

Year’s Start Sees Shift in Risk Sentiment, Dollar Ended Higher Despite Jitters
07/01/2024

Year’s Start Sees Shift in Risk Sentiment, Dollar Ended Higher Despite Jitters

The onset of 2024 marked a notable shift in global market sentiment. Major U.S. stock indexes ended their nine-week winning streak, closing lower, while major benchmark treasury yields experienced a notable recovery. Concurrently, this shift in market dynamics was accompanied by a scaling back of bets on an immediate rate cut by Fed. Amidst these […]
Kiwi Rallies on RBNZ’s Hawkish Hold; US CPI and BoC Next
10/04/2024

Kiwi Rallies on RBNZ’s Hawkish Hold; US CPI and BoC Next

New Zealand Dollar rises broadly in Asian session following RBNZ’s decision to keep interest rates steady. The central bank’s “limited tolerance” for delaying the achievement of its inflation target conveyed a hawkish tone. Rate cuts are off the table until the central bank is confidence that inflation would sustainably return to the target band. This […]
Canadian Dollar Rises on Jobs Data, Dollar Soft, Euro Worse
01/12/2023

Canadian Dollar Rises on Jobs Data, Dollar Soft, Euro Worse

Canadian Dollar is firming slightly up in early US session, bolstered by stronger-than-expected Canadian job growth data. Despite the weakness in oil prices following disappointment over OPEC’s production cut decisions, Loonie is displaying resilience. However, in the weekly performance chart, while Canadian Dollar is outshining Australian Dollar, it still lags behind the New Zealand Dollar […]