Traders scaled back rate hike bets after US inflation figures aligned with expectations, weighing on the Australian Dollar. The Australian Dollar retreated against the US Dollar on Wednesday, closing at 0.7061 USD, down from earlier levels. The pullback followed US inflati
Traders scaled back Federal Reserve rate hike expectations after July US inflation data matched forecasts, weighing on the Australian dollar. The Australian dollar retreated against the US dollar on Wednesday, closing at 0.7061, down 0.07%. The move followed softer-than-fe
US July inflation data aligned with forecasts, reducing bets on Federal Reserve rate hikes and weighing on the Euro. The Euro retreated from a two-day high of 1.1563 against the US Dollar after July’s US Consumer Price Index met expectations, easing pressure on the Federal
Weak July credit figures could heighten expectations for additional monetary stimulus as private sector borrowing remains sluggish. China’s July credit and money supply data, due this week, may signal persistent softness in private borrowing. Analysts expect M2 growth to e
RBNZ survey may impact OCR hike path The RBNZ's Q3 Survey of Inflation Expectations is due Thursday, with the two-year-ahead measure last printing at around 2.5 percent. Westpac expects another rise in the closely watched one and two-year-ahead expectations, citing
NZD/USD slips 0.30% to 0.5860 The New Zealand dollar is down for the third consecutive day, trading near 0.5860. The decline is attributed to Middle East tensions and New Zealand's own political backdrop. The Consumer Price Index in the US eased to 3.4% yea
Analysts flag potential decline toward 1.2740 if the pair breaks below 1.2765, with current trading confined to a tight range. USD/SGD closed at 1.2800, nearly unchanged, as the $NEER trades 1.7% above its mid-point. UOB analysts note the pair remains range-bound between 1
Annual US inflation eased to 3.4% in July, aligning with expectations and reinforcing signs of cooling price pressures. US July consumer prices rose 0.1% month-over-month and 3.4% year-over-year, matching consensus forecasts and marking a slight decline from June’s 3.5% an
High nominal rates in Australia and Norway, coupled with stagflation risks, limit gains in AUD, NOK, ZAR, and BRL despite Fed dovishness. Commodity-linked currencies like the Australian Dollar (AUD), Norwegian Krone (NOK), South African Rand (ZAR), and Brazilian Real (BRL)
The currency pair gains 0.30% to 0.8138, with bulls targeting 0.8200 if key technical levels are cleared. The USD/CHF pair climbed 0.30% to 0.8138 on Wednesday, marking its highest level in ten days. The move extends an uptrend supported by successive higher highs and lows
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