Traders reduce expectations for a September Fed rate hike after July’s US CPI data undershoots projections. The British Pound (GBP) climbed 0.35% to 1.3533 against the US Dollar (USD) in European trading, driven by a weaker Greenback. The US Dollar Index (DXY) fell 0.23% t
ZAR strengthens near 16.00 per USD for the first time since early 2023, driven by carry trade flows and gold price gains. The South African Rand has gained 2.4% against the US Dollar this month, outperforming peers in the CEEMEA region. USD/ZAR is approaching 16.00, a leve
ZAR gains 2.4% in August as gold prices and Fed rate cut expectations boost demand for high-yielding assets. The South African Rand has strengthened 2.4% against the US Dollar this month, nearing a key support level of 16.00 for the first time since February. The rally is
TD Securities forecasts a sharper-than-expected decline in June manufacturing sales due to lower petroleum prices, offset partly by motor vehicles and metals. Canadian manufacturing sales are projected to decline 0.4% month-on-month in June, missing the market consensus of
XAU/USD climbs to $4,350 as softer US data reduces bets on a September Fed rate increase. Gold (XAU/USD) rebounded to $4,350 after hitting a weekly low of $4,311, driven by a weaker US Dollar and diminishing expectations of a Federal Reserve rate hike in September. The met
Cooling US CPI and PPI data lower expectations for a September Fed rate increase, pressuring the dollar index near its recent range bottom. The US Dollar Index (DXY) trades close to 99.50, the lower bound of its 99.50–100.00 range, as softer US inflation readings weigh on
Cooling US inflation data trims September Fed rate hike odds to nearly 30%, capping USD gains in a tight 99.50-100.00 range. The US Dollar Index (DXY) remains near the lower end of its 99.50-100.00 range as softer July CPI and PPI data reduce expectations for a Federal Res
The Canadian dollar rises 0.32% against the USD, hitting its lowest level in two months amid optimism over US-Canada trade developments. The USD/CAD pair fell 0.32% to around 1.3888, marking its lowest level in two months. The Canadian dollar outperformed most major curren
The Canadian dollar strengthens as US-Canada trade talks progress ahead of an August 19 tariff deadline, pressuring the pair. The USD/CAD pair fell 0.32% to 1.3888, marking its lowest level in two months. The decline follows reports that US-Canada trade negotiations are ad
Cooling US inflation data cuts September Fed rate hike odds to 30%, weakening USD and lifting the NZD/USD pair. The NZD/USD pair climbed to session highs above 0.5880 on Wednesday, driven by a broad USD decline after US inflation data reduced expectations for a Federal Res
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