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As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead. Recent statistical data highlighted higher-than-expected inflation in the US for February, prompting adjustments to predictions about the easing of monetary policy by the Federal Reserve in June. The Consumer Price Index (CPI) […]

The post US Dollar Strengthens Amid Inflation Data appeared first on Action Forex.

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13/06/2024

Dollar Falls After Inflation Data: Is a Change in Medium-Term Trends on the Horizon?

The second consecutive decline in the US core consumer price index caused a sharp drop in the American currency across the board. For instance, the GBP/USD pair rose by 120 points within a couple of hours, attempting to strengthen above 1.2800. The EUR/USD pair closed Monday’s “price gap” and tested 1.0850, while the USD/JPY pair […]
18/01/2024

Aussie Stems the Bleeding

The Australian dollar has stablilized after a nasty tumble this week. In the European session, AUD/USD is trading at 0.6555, up 0.06%. The Aussie ignored a weak employment report which showed job growth plunged by 65,100 in December. The unemployment rate remained steady at 3.9%. Risk appetite, China weighing on Aussie The US dollar looked […]
12/09/2024

NZD: New Lows May Be Formed Soon

According to UOB analysts, the New Zealand Dollar (NZD) could test the 0.6115 level, provided it stays below 0.6185. However, a significant break below this level isn’t expected at the moment. In the longer term, if NZD does manage to drop below 0.6115, it could potentially move further towards 0.6085. Earlier today, NZD traded between […]