US Dollar depreciates as investors digest inflation data. Fed rate cut expectations rise following dovish comments. On the data front, Consumer Confidence improves slightly in […]
Tag: Dollar
Dollar slumps 1% versus yen as US election debate gives Harris momentum
By Kevin Buckland TOKYO (Reuters) -The dollar slumped more than 1% against the yen on Wednesday to its weakest level of the year after Kamala […]
Australian Dollar remains subdued despite a positive China Trade Balance
AUD/USD recovers its intraday losses following the release of China Trade Balance data. China’s Trade Balance increased to CNY 649.34 billion in August, from the previous reading […]
Australian Dollar trims gains as US Dollar appreciates due to risk aversion
The Australian Dollar received support from the hawkish mood surrounding the RBA. China’s Consumer Price Index rose by 0.6% YoY in August, up from 0.5% in […]
Australian Dollar remains weaker following GDP, China Services PMI data
The Australian Dollar remains weaker following the mixed economic data on Wednesday. The Bank of America has revised its economic growth forecast for China, lowering its […]
Australian Dollar consolidates despite improved market optimism
The Australian Dollar moves sideways despite positive economic data on Monday. Australia’s Building Permits increased by 10.4% MoM in July, marking the strongest growth since […]
Dollar holds gains ahead of US inflation test
By Rae Wee SINGAPORE (Reuters) -The New Zealand dollar made solid gains on Thursday in the wake of an upbeat business outlook survey, while the […]
Gold prices rise as US Dollar tumbles after Powell’s speech
Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar […]
Australian Dollar closes the week strong helped by a weaker USD and a hawkish RBA
AUD/USD soared on Friday after Powell’s words at the Jackson Hole Symposium. Powell hinted that the Fed is ready to cut rates. On the other […]
Australian Dollar remains solid as US Dollar depreciates ahead of Fed Powell’s speech
The Australian Dollar gains ground due to an improved risk-on mood on Friday. The AUD may appreciate further due to the hawkish sentiment surrounding the […]