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The US dollar fell across the board in immediate reaction to softer than expected US May inflation numbers, which revived hopes for Fed rate cut in September. US m/m consumer prices were flat in May after 0.3% increase in April and annualized rose by 3.3% last month, compared to 3.4% rise previous month / forecast. […]

The post US Dollar Index: Dollar Falls Sharply on Softer than Expected US May Inflation Numbers appeared first on Action Forex.

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07/06/2024

Cliff Notes: Travelling a Bumpy Road with Confidence

Key insights from the week that was. Australian Q1 GDP printed broadly as expected, rising 0.1% (1.1%yr). There were some surprises for consumption however, a firmer-than-anticipated gain of 0.4% in Q1 – thanks in part to major events like Taylor Swift Era’s Tour and the Formula 1 – and an upward revision to tourism-related spending […]
04/04/2024

Dollar Index: Remains at the Back Foot Ahead of Key US Data

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