July US inflation data aligns with forecasts, easing Fed rate-hike bets and supporting a steady USD near 0.7070. The Australian Dollar pared gains against the US Dollar, with AUD/USD slipping to around 0.7070 after touching a session high near 0.7090. US Consumer Price Ind
Revised Q2 GDP growth and raised 2026 forecasts bolster the Singapore Dollar amid easing USD/SGD exchange rates. Singapore’s economy expanded 6.1% year-on-year in the first half of 2026, prompting the Ministry of Trade and Industry to raise its full-year GDP forecast to 4.
Major European indices close lower European stocks ended the day in negative territory, with France's CAC 40 leading the declines. The CAC 40 fell 0.46% to 8,674.95. The German DAX declined 0.17% to 26,346.30, while the UK FTSE 100 slipped 0.10% to 10,833.16. In the
The New Zealand Dollar falls 0.25% against the USD amid domestic political uncertainty and muted US inflation impact. The New Zealand Dollar (NZD) declined 0.25% against the US Dollar (USD) on Wednesday, trading near 0.5865. Political uncertainty in New Zealand continues t
New Zealand Dollar weakens against the US Dollar despite in-line US CPI data for July, as political risks weigh on sentiment. The New Zealand Dollar fell 0.25% against the US Dollar to 0.5865 on Wednesday, extending losses amid broader market caution. US inflation data sho
Bank recommends selling Dollar Index below 99.40, targets 98.00, while favoring long GBP and tactical AUD/NZD positions. Westpac forecasts further declines in the Dollar Index, advising a sell if it breaks below 99.40 support. The bank targets 98.00 with a stop at 99.90, c
Traders appeared willing to give the CPI data the benefit of the doubt, particularly with housing accounting for roughly two-thirds of the overall increase. The initial market reaction sent the U.S. dollar lower, but across many of the major currency pairs, the dollar's de
In-line US inflation figures reduce volatility, prompting the Japanese Yen to retreat from intraday lows against the Dollar. The Japanese Yen trimmed earlier gains against the US Dollar on Wednesday after US consumer price index data matched forecasts, limiting market vola
US CPI rose 0.1% in July, matching forecasts, reducing Fed rate-hike bets for September to 38%. The Japanese Yen gave up some gains against the US Dollar after July’s US Consumer Price Index data aligned with expectations. USD/JPY climbed to 159.20 after hitting an intrada
XAG/USD gains 2.18% after July CPI matches forecasts, weakening the US Dollar and Treasury yields. Silver prices climbed 2.18% to around $66.00 on Wednesday, driven by a softer US Dollar and lower Treasury yields following the release of US inflation data. The Consumer Pri
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