Quick look USD/CAD extends gains after strong US Producer Price Index (PPI) data; core PPI at 2.0% YoY. WTI crude oil price increase could support the Canadian Dollar (CAD). Recent economic data influences expectations around
Quick look USD/JPY could stabilize around 146.50, with its direction influenced by upcoming Federal Reserve and Bank of Japan meetings. The Bank of Japan may maintain its ultra-easy monetary policy, while the Fed’s rate cut
Quick look The U.S. dollar advanced following higher-than-expected inflation figures, reducing hopes for a June rate cut by the Federal Reserve. The USD Index (DXY) surpassed the 103.00 mark, with investors eyeing the Fed’s easing
Quick look AUD/USD traded at 0.6612, facing minor losses after a -0.19% drop influenced by global risk aversion and anticipation of US inflation data. Upcoming US and Australian data, including the US CPI and Australia’s
Quick look February’s NFP numbers exceeded forecasts but were offset by significant downward revisions to January’s figures. The unemployment rate rose to 3.9%, and average hourly earnings growth slowed, suggesting a cooling labour market. The
Quick look EUR has shown notable strength against the US dollar, influenced by recent ECB and the US Federal Reserve statements. US Fed Chair Jerome Powell hinted at nearing interest rate cuts. Economic data from
Quick look German unemployment rate increases, surpassing estimates of 11,000 more people seeking work. The full-year growth forecast was revised from 1.3% to 0.2% amid a weak economic environment. Inflation data for Germany awaited, with
The American dollar rate has maintained its current level despite uncertainties surrounding inflation. Recent figures showed the Consumer Price Index (CPI) rising by 0.3% in December, surpassing the expected 0.2% increase. While this rise is
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