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Forex
Gold price edges higher amid renewed USD selling, looks to Powell’s speech for rate-cut cues
Gold price regains positive traction and reverses a part of the overnight losses to the weekly trough.
Dovish Fed expectations prompt some USD selling,…
NZD/USD appreciates to near 0.6150 due to improved risk sentiment
NZD/USD maintains its position near the two-month high of 0.6178, marked on Wednesday.
The US Dollar receives downward pressure from the lower Treasury…
USD/JPY weakens below 146.50 after Japanese National CPI data, BoJ’s Ueda speech
USD/JPY loses traction to near 146.20 in Wednesday’s early Asian session.
Japan’s CPI inflation continued to rise in July, adding to expectations for…
ECB’s Kazaks says “very much open” to discussing a September rate cut
European Central Bank (ECB) Governing Council member Martins Kazaks said on Thursday that he’s ready to discuss another interest rate cut at the September…
Japan’s National CPI climbs 2.8% YoY in July, Core CPI rises as expected
Japan’s National Consumer Price Index (CPI) climbed 2.8% YoY in July, compared to the previous reading of 2.8%, according to the latest data released by the…
New Zealand’s Retail Sales falls 1.2% QoQ in Q2 vs. -1.0% expected
New Zealand’s Retail Sales, a measure of the country’s consumer spending, fell 1.2% QoQ in the second quarter (Q2) from the previous reading of a 0.5%…
Mexican Peso depreciates as traders expect another Banxico cut
Mexican Peso extends losses, pressured by inflation still above Banxico's 2-4% goal despite recent declines.
Economic data shows deceleration in Mexico’s…
Australian Dollar down on USD recovery, RBA’s hawkish stance and upbeat PMIs buffer the downside
AUD/USD experienced a drop, adjusting to 0.6950, because of a USD recovery.
Strong Australian PMIs might limit the pair's downside.
The persistent hawkish…
Gold price retreats as US yields edge up despite Fed’s dovish tilt
Gold retreats from a record high of $2,531 as US Treasury yields rise, with the 10-year note up 6.5 bps to 3.865%.
US data shows mixed signals, with higher…
US Dollar cautiously advances, investors to closely follow Powell’s words
USD sellers take a breather after four sessions of losses.
Markets digest weekly Jobless Claims and August PMIs.
Rate cut expectations remain high ahead of…