Powell noted significant improvement in US inflation. There was an unexpected jump in US job creation in May. Eurozone inflation eased last month, but underlying price pressures remained high. EUR/USD…

Oil briefly hit a two-month high, helping the Canadian dollar rise. Canada's manufacturing sector remained in contraction in June. The US dollar weakened after Powell's dovish remarks. The USD/CAD forecast…

US Treasury yields jumped overnight amid expectations of a Trump victory. Data from Monday showed that the US manufacturing sector contracted further in June. Investors estimate a 36% chance that…

Japan cut its first-quarter GDP data to show the economy shrank more than reported. A rise in US Treasury yields weighed on the yen. Investors await Fed Chairman Powell's speech.…

Elections in France put the far-right National Assembly party in first place. ECB policymakers remain confident that inflation will reach the target. The core US PCE price index was down…

The Canadian dollar ended the month lower by 0.3%, weakened by the Bank of Canada's first interest rate cut. Canada's gross domestic product rose 0.3% in April, as expected. The…

The yen hit a fresh 38-year low and sparked concerns for an intervention. A pick-up in Tokyo inflation boosted the chances of a BoJ hike in July. The US core…

The EUR/USD weekly forecast was overshadowed as the US economy grew at a faster rate of 1.4% in Q1. The core US PCE report showed softer inflation. The primary focus…

The dollar has rallied since the start of the year on falling expectations of a Fed rate cut. The US economy grew at a rate of 1.4% in the first…

The dollar is headed for a second quarter of growth as expectations for a Fed rate cut fall. Market participants will pay close attention to the PCE Price Index report.…