The recent Dollar resurgence has failed to Hamper the South African Rand. Is this the start of a longer-term downtrend for USD/ZAR?
U.S. personal consumption expenditures accelerated in June, but core PCE inflation surprised slightly to the downside, creating a complex backdrop for the U.S. dollar.
A massive upside beat in second quarter GDP out of the US left the door open for USD bulls to drive the market higher. Metals now trade lower ahead of the weekend
Strong US economic data, a slight shift of focus by the BoJ, and a mildly dovish ECB are driving EUR/USD and EUR/JPY sharply lower.
The Dax rallied to a fresh intraday high yesterday, while the Dow is moving up once more. The Nikkei rallied off its lows after the mixed signals created by the BoJ’s latest policy decision.
AUD has suffered at the hands of a strengthening US dollar while Australian retail sales shows a slowing economy as rates hamper consumer spending.
The start of the new trading week could potentially bring about some indecision, before volatility picked up on the onslaught of big tech earnings and the FOMC meeting towards the latter half.
The Japanese yen dropped against the US dollar after the Bank of Japan’s (BOJ) kept its ultra-loose policy settings and maintained the cap on the JGB 10-year yield. What’s next for USD/JPY?
A jump in Treasury yields kept the pressure on risk sentiments, driven by stronger-than-expected US economic data and chatters of a policy adjustment from the Bank of Japan (BoJ).
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