USDJPY Technical Analysis – We are testing a key support zone
Fundamental Overview The strong bullish momentum in the US Dollar waned a bit in this final part of the week as we got a pullback in Treasury yields. In fact,…
Read More »Australian Dollar declines as US Dollar remains solid ahead of US presidential election
The Australian Dollar (AUD) extends its decline against the US Dollar (USD) for the third consecutive session on Tuesday.
Read More »US Dollar steady as markets digest mid-tier data
The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%.
Read More »PBOC is expected to set the USD/CNY reference rate at 7.0990 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Gold prices drop on strong USD, lackluster China’s stimulus
Gold price retraces after hitting a daily high of $2,666 on Monday as China’s stimulus failed to provide relief to the financial markets and the Greenback extended its advance.
Read More »Forexlive Americas FX news wrap: US PCE inflation cools
US August core PCE +0.1% vs +0.2% expected Canada GDP for July 0.2% versus 0.1% expected US Advanced goods trade balance for August $-94.26 billion vs. -100.60B estimate US September…
Read More »US Dollar sees some light ahead of the weekend
The US economy is experiencing a moderate slowdown, but indicators suggest that economic activity remains robust overall.
Read More »Asia shares steady, dollar firm before jobs test
Original source: https://www.investing.com/news/stock-market-news/asia-shares-steady-dollar-firm-before-jobs-test-3596734
Read More »Upward Revision to Q2 GDP Aids the US Dollar’s Feeble Recovery
The second estimate of US GDP growth in Q2 saw an upward revision from 2.8% to 3%. However, US resilience has come under pressure, particularly in the labour market of…
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