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…
Read More »PBOC is expected to set USDCNY midpoint and 7.1132 versus 7.1358 on Friday
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 »Mexican Peso strengthens as Powell pivot weighed on US Dollar
The Mexican Peso rallied sharply against the Greenback on Friday after Federal Reserve (Fed) Chair Jerome Powell announced that the central bank is ready to begin its easing cycle.
Read More »Dollar to remain elevated in spite of rate cuts
Original source: https://www.investing.com/news/stock-market-news/dollar-to-remain-elevated-in-spite-of-rate-cuts-3586050
Read More »Gold prices rise as US Dollar tumbles after Powell’s speech
Gold price edges up over 1% on Friday as the Greenback and US Treasury bond yields dive following dovish remarks from Federal Reserve Chair Jerome Powell, who signaled he’s confident…
Read More »Forexlive Americas FX news wrap: USD falls as Powell pleges “everything we can” for jobs
Powell at Jackson Hole: The time has come for policy to adjust BOE’s Bailey: Market events like two weeks ago will happen, test is whether more triggered Fed’s Goolsbee: We…
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