EUR/JPY: demand for defensive assets is growing, while for the dollar is falling – Analytics & Forecasts – 12 January 2023
The focus of traders today is the publication at 13:30 (GMT) of fresh inflation data in the US. Economists expect the consumer price index to drop to 6.5% in December (from 7.1% in November) and core CPI to 5.7% (from 6.0% in November), which confirms market expectations for further lower inflation in the US. If […]
US dollar sinks after CPI
The US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also […]
Asia FX steadies before U.S. CPI data, dollar nears 7-month low By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies crept higher on Thursday and the dollar fell in anticipation of data showing a further easing in U.S. consumer inflation, while the Japanese yen rallied sharply after the country logged a record-high current account surplus. The dollar retreated further on Thursday, and was close to its lowest […]
Yen jumps; dollar tentative ahead of U.S. inflation data By Reuters
© Reuters. FILE PHOTO: A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, February 28, 2013. REUTERS/Shohei Miyano By Rae Wee SINGAPORE (Reuters) – The yen got a boost on Thursday on expectations that the Bank of Japan will review the side effects of its monetary […]
Forexlive Americas FX news wrap: Dollar steady but risk trades rip ahead of CPI
Markets: WTI crude oil up $2.49 to $77.61 US 10-year yields down 8.3 bps to 3.53% Gold down $1 to $1876 S&P 500 up 48 points to 3988 AUD leads, CHF lags The big mover in Wednesday’s trade was the Swiss franc as EUR/CHF broke out of a multi-month range and shot above the 200-day […]
Forex Today: Waiting about to end, does not look good for the US Dollar
What you need to take care of on Thursday, January 12: Market players held their breath for a second consecutive day, with major pairs holding on to f Source link
Dollar, euro hold firm ahead of U.S. inflation, ECB in focus By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Joice Alves LONDON (Reuters) – The U.S. dollar and euro held firm on Wednesday as traders assessed European Central Bank’s latest statements and waited to see whether data due this week will confirm that U.S. inflation […]
ForexLive European FX news wrap: Dollar steady, markets mixed
Headlines: Markets: USD leads, NZD lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields down 4.7 bps to 3.576% Gold flat at $1,877.15 WTI crude up 0.4% to $75.43 Bitcoin down 0.3% to $17,421 It was a quiet session as European trading was bereft of any major economic releases, […]
Why Dollar Traders Should Care About US Bank Earnings
Several major US banks will report earnings on Friday. Along with Delta Airlines and UnitedHealth, this is the unofficial start of earnings season. Corporate earnings are integral to the economy, so naturally earnings season has an effect on forex. But given what’s been going on in terms of central bank policy in the world, bank […]
Dollar largely flat; U.S. CPI in focus after Powell fails to provide lead By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar traded largely flat in Europe Wednesday, with risk sentiment on the rise but attention firmly on this week’s key U.S. inflation release. At 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of six other currencies, edged higher to 103.017, holding […]