Investors await US inflation figures at 12:30 GMT, with forecasts pointing to a slowdown in both headline and core CPI growth. The Euro trades slightly lower at 1.1534 against the US Dollar as markets adopt a cautious stance before the release of US Consumer Price Index da
Surging crude oil prices and anticipation of India-US CPI data weigh on the Indian Rupee, pushing USD/INR near 95.45. The Indian Rupee (INR) declined against the US Dollar (USD) on Wednesday, trading near 95.45 as rising oil prices added pressure. The MCX Crude Oil contrac
EUR/JPY trades near 183.90 with neutral momentum The EUR/JPY currency cross is maintaining a mildly bearish tone, trading around 183.90. The cross is slipping beneath the 50-day Exponential Moving Average (EMA) while holding above the shorter nine-day EMA.
Euro expected to fall below 1.1500 level The Euro is poised for a decline from current levels, potentially falling below 1.1500. This move is anticipated ahead of the US CPI data release. The USDJPY is expected to aim for 160-161 while above its current lev
The US Dollar Index rises for a third day near 100.00 ahead of key inflation data expected to influence Fed policy. The US Dollar Index (DXY) extended gains for a third consecutive session, trading at 99.90 during Asian hours. The move reflects market positioning ahead of
The US Dollar Index rises ahead of key inflation data that could influence the Federal Reserve’s next rate decision. The US Dollar Index (DXY) extended gains for a third day, trading near 99.90 in Asian hours as investors awaited US inflation figures. The data is expected
China’s central bank sets the yuan reference rate above market expectations, signaling potential depreciation pressure. The People’s Bank of China set the USD/CNY mid-point at 6.7882, above the 6.7430 estimate from analysts. The move suggests a softer yuan stance amid ongo
New rules covering 250,000 workers may lift services inflation gradually as platforms adjust fees or absorb costs. Australia will enforce a minimum hourly wage of A$31.30 for gig delivery workers starting August 17, affecting 250,000 employees. The rate is about 18% above
XAG/USD gains 1.1% as traders await inflation figures that may influence Federal Reserve policy decisions. Silver prices climbed 1.1% to $65.40 in Asian trading as investors focused on upcoming US Consumer Price Index data for July. The report, due at 12:30 GMT, is expecte
The Canadian dollar weakens as the USD gains ground before key US CPI figures, halting a three-day decline. The USD/CAD pair rose during Wednesday’s Asian session, recovering from a three-day drop that pushed it to 1.3915, its lowest since June 10. The move snapped a strea
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