Analysts expect the Chinese yuan to hold near 6.75 against the dollar but flag potential weakness toward 6.7300 in coming weeks. UOB analysts Quek Ser Leang and Lee Sue Ann forecast USD/CNH will trade between 6.7430 and 6.7530 in the near term, citing a tight range in rece
The US Dollar Index climbed above 100.00 after inflation figures aligned with forecasts, bolstering the currency ahead of key economic releases. The US Dollar (USD) strengthened on Wednesday, extending its recovery after the latest Consumer Price Index (CPI) report matched
The US Dollar strengthens against major currencies as traders await Thursday’s economic reports following in-line CPI data. The US Dollar Index (DXY) climbed back above 100.00 on Wednesday, recovering from a post-CPI dip as inflation data met expectations. The greenback ga
XAG/USD gains follow softer US inflation data, lifting hopes for Federal Reserve rate cuts later this year. Silver prices climbed 1.4% on Wednesday after US inflation data showed cooling price pressures, moving closer to the Federal Reserve’s 2% target. The XAG/USD pair ad
XAG/USD climbs 1.4% to $65.53 as inflation nears the Fed’s 2% target, fueling rate-cut expectations. Silver prices jumped 1.4% to $65.53 on Wednesday after US inflation data showed cooling price pressures, aligning with the Federal Reserve’s 2% goal. The move reinforced ex
The yen weakens against the dollar after US inflation data spurs a reversal in rate-cut expectations, lifting USD/JPY to session highs. USD/JPY climbed to the mid-159.00s, nearing daily highs after a sharp rebound from around 158.60. The move reflects broader US dollar str
The pair retreats toward 1.1500 support after US inflation data fails to sustain dollar weakness amid rising energy costs. EUR/USD fell to 1.1521 on Wednesday, erasing earlier gains as the US Dollar rebounded despite softer-than-expected US Consumer Price Index data. Headl
Canadian consumers increased spending 2.4% in Q2 Canadian consumers accelerated spending in the second quarter, with a 2.4% rise excluding sales at gas stations. Spending on discretionary goods rose 3.7% from Q1, driven by household and construction purchases.
British Pound holds near 1.3500 as CPI relief meets Hormuz risk The Pound Sterling holds firm within familiar levels after the US inflation report was aligned with estimates, a relief for the Federal Reserve, which is laser-focussed on tackling higher prices. The GBP/USD t
The Pound Sterling holds firm within familiar levels after the US inflation report was aligned with estimates, a relief for the Federal Reserve, which is laser-focussed on tackling higher prices. The GBP/USD trades at around 1.3500 after reaching a high of 1.3546 GB
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