AUD/USD Price Analysis: Aussie Gains Ahead of Inflation Data
Economists expect a slight drop in inflation in Australia, from 3.5% to 3.4%. Investors are pricing in only a 30% chance that the RBA will cut rates in December. Markets…
Economists expect a slight drop in inflation in Australia, from 3.5% to 3.4%. Investors are pricing in only a 30% chance that the RBA will cut rates in December. Markets…
The ECB's Francois Villeroy confirmed that the central bank will implement its first rate cut next week. Philip Lane said the ECB's rate cut would depend on core inflation and…
The yen could record its first month of gains in 2024 on suspicion of intervention. The core PCE price index will play a significant role in shaping the Fed's policy…
UK sales fell 2.3% in May, beating economists' expectations for a 0.4% drop. The probability of a rate cut by the Bank of England in June is 10%. Investors are…
The Canadian dollar weakened as Canadian inflation eased in May. Some Fed policymakers have called for a rate hike if inflation continues to beat forecasts. Next week, the US and…
Some policymakers have suggested raising interest rates to tame stubborn inflation. The data revealed improved business activity in the US manufacturing and services sectors. Investors will focus on US GDP…
The flash US composite output index jumped from 51.3 to 54.4. Inflation in Canada hit a three-year low of 2.7%. The prospect of higher rates in the United States weighed…
Japan's core consumer price index rose by 2.2%, which is a smaller increase than the 2.6% reported in March. The BoJ may not be ready to raise interest rates in…
The data showed better than expected PMI values for Germany. ECB President Lagarde is very confident that inflation is under control. Minutes from the Fed meeting revealed some hawkish sentiment…
The UK manufacturing sector has jumped from contraction to expansion. Business activity in the UK services sector fell from 55.0 to 52.9. Prime Minister Rishi Sunak announced elections for July…