Markets price in 36 bps of Fed tightening by year-end, lifting the dollar as Japan’s yen weakens amid potential currency intervention. The US dollar remains elevated against the Japanese yen, trading near levels last seen in 1986, as markets adjust to a more hawkish Federa
TD Securities forecasts May core PCE at 0.36% month-over-month, driven by persistent services inflation and higher energy prices. US core Personal Consumption Expenditures (PCE) inflation is expected to accelerate to 0.36% month-over-month in May, up from prior prints, as
Investors reduce USD positions before May PCE data, expected to show inflation accelerating to a three-year high of 4.1% annually. The British Pound edges higher against the US Dollar, trading near 1.3200 as markets await the US PCE Price Index. The pair recovered from sev
The currency pair edges up 0.06% as markets weigh Bank of Japan policy signals against downbeat German economic sentiment. The euro traded marginally higher against the yen at 183.90, rising just 0.06% on Thursday, reflecting cautious market sentiment. Investors remain hes
The Euro remains steady against the Yen as ECB rate hikes contrast with fragile German consumer confidence, capping gains. EUR/JPY traded at 183.90, up 0.06%, as markets weighed the European Central Bank’s hawkish stance against weak economic signals from Germany. The ECB
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $57.61 per troy ounce, up 0.31% from the $57.43 it cost on Wednesday Silver prices have decreased by 18.96% since the beginning of the year. The Gold/Silver ratio, which shows the
Polish Zloty weakens against Euro due to NBP dovish stance The Polish Zloty is under pressure against the Euro, breaking above its prior range toward 4.290. The National Bank of Poland's dovish stance is attributed to the vulnerability. Global risk-off sent
ING’s Frantisek Taborsky highlights persistent Polish Zloty weakness versus Central and Eastern European (CEE) peers as EUR/PLN breaks above its prior range toward 4.290. He attributes vulnerability to the National Bank of Poland’s (NBP) dovish stance and global risk-off c
USD/CHF Price Forecast: Aims to extend rally towards one-year high at around 0.8170 The USD/CHF pair trades 0.16% lower at around 0.8110 during the European trading session on Thursday after correcting from its 10-month high of 0.8140 posted the previous day. The broader o
Analysts argue recent Canadian dollar weakness driven by exaggerated Fed hike expectations and oil price declines lacks fundamental support. USD/CAD climbed from below 1.36 to above 1.42 since early May, pressured by falling oil prices and rising Fed rate hike expectations
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