Core PCE inflation remains under 3%, boosting the probability of Fed rate cuts to nearly 90% into year-end. Dovish Fed voices highlight a fragile labor market, and Barkin warns that inflation and unemployment trends remain concerning. Euro steadies despite NATO–Russia tensions, with traders eyeing US jobs data and upcoming Eurozone inflation prints. EUR/USD recovers on […]
US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week. Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing. French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro. EUR/USD edges lower on Friday, late
Euro retreats as Powell signals cautious stance despite 25 bps Fed cut. US Jobless Claims dip and Philly Fed survey beats forecasts, reinforcing Dollar strength in post-FOMC trading. ECB officials strike a neutral tone, saying rates are appropriate, with balanced inflation risks but weaker growth outlook. EUR/USD retreats after reaching a yearly high above 1.1900
EUR/USD climbs 0.37% to 1.1679 as the US Dollar Index dips 0.25% to 98.06 following disappointing US economic releases. JOLTS report shows vacancies fall sharply, layoffs rise; tariffs blamed for worsening US labor market conditions. Eurozone Services PMI misses forecasts at 50.5, while Producer Prices ease, keeping ECB policy outlook cautiously dovish. EUR/USD recovers ground
GBP/USD rebounds from 1.3332 lows 1.3442 as US Dollar slips after Tuesday’s sharp rally above DXY 98.50. US JOLTS report shows July job openings fell sharply, highlighting tariffs’ drag on hiring and manufacturing weakness. UK Services PMI jumps to 54.2, easing fiscal worries, while BoE officials stress inflation risks and policy caution. The GBP/USD advances
Australian Dollar steadies as the US Dollar remains subdued amid rising likelihood of Fed rate cuts. China’s Caixin Manufacturing Purchasing Managers’ Index climbed to 50.5 in August from 49.5 in July. San Francisco Fed President Mary Daly said that policymakers are preparing to lower interest rates soon. The Australian Dollar (AUD) maintains its position after
Australian Dollar declines despite stronger Monthly CPI data. Traders remain cautious after President Trump warned of a 200% tariff on Chinese goods. Trump has indicated that White House economist Stephen Miran could be considered for Fed Governor Lisa Cook’s seat. The Australian Dollar (AUD) struggles following the release of the Monthly Consumer Price Index (CPI)
USD/CHF trims intraday losses as Fed Governor Lisa Cook defied President Donald Trump. Fed Governor Cook said she would not step down and will continue fulfilling her duties. Stronger Swiss employment data and easing inflation fuel expectations of additional SNB rate cuts. USD/CHF extends its gains for the second successive session, trading around 0.8060 during
The Australian Dollar maintains its position near the two-month low of 0.6414 recorded on Thursday. AUD/USD came under pressure as the US Dollar strengthened following upbeat S&P Global US PMI data. The CME FedWatch Tool indicates a 74% chance of a September rate cut, down from 82% on Wednesday. The Australian Dollar (AUD) steadies near
EUR/USD remains subdued as traders adopt caution ahead of HCOB Purchasing Managers’ Index data. Eurozone HCOB PMIs forecast stand at 49.5 for Manufacturing and 50.6 for Services. The FOMC Meeting Minutes indicated that most members viewed keeping interest rates unchanged as the appropriate decision. EUR/USD edges lower after registering slight gains in the previous session,
Here is what you need to know on Monday, August 11: The US Dollar (USD) trades modestly lower against its major rivals at the beginning of the week. On Tuesday, July Consumer Price Index (CPI) data from the US will be scrutinized by investors. In the meantime, markets will keep a close eye on fresh
The Euro retreats from weekly highs, and the US Dollar picks up on speculation that Governor Waller might be the next Fed Chair. Fed Bostic warned about the impact of tariffs and cooled hopes of a September rate cut. EUR/USD found resistance at 1.1700 and is correcting lower. The EUR/USD pair slides from one-week highs
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline. US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations. ECB holds rates steady; next week’s focus shifts to key Fed policy decision on July 30. The EUR/USD finished the week up by nearly 1% on Friday, yet
The Australian Dollar loses ground as the People’s Bank of China leaves its one-year LPR unchanged at 3.00%. The AUD also faces downward pressure due to ongoing trade tensions between the United States and China. The US Dollar maintains its position as robust economic data tempered Fed rate cut expectations. The Australian Dollar (AUD) loses
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower. UoM survey shows improved sentiment and easing inflation expectations in the US. ECB decision, EU PMIs, and US macro data in focus for the week ahead. The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish
The Australian Dollar rises as the US Dollar struggles following dovish remarks from Fed officials. San Francisco Fed President Mary Daly said that expecting two rate cuts this year is a “reasonable” outlook. US Retail Sales rose by 0.6% MoM, while Retail Sales climbed 3.9% YoY in June. The Australian Dollar (AUD) advances on Friday,
EUR/USD posts first weekly loss in three weeks, ending at 1.1688. Trump eyes blanket tariffs, including on EU and copper exports. Dollar marks strongest week since March amid broad risk-off tone. EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for
