A combination of factors triggers some new selling around AUD / USD on Tuesday. Nervousness around covid-19 and risk aversion in the markets weighs on the higher perceived risk AUD. Some rallies in US bond yields benefited the USD and added to the decline in the pair. The pair AUD/USD is extending its steady intraday […]
Tag: IPC
NZD / USD consolidates intraday gains, remains above 0.7000
The NZD / USD gained strong positive traction on Friday in reaction to a stronger CPI report from New Zealand. A dovish USD demand continued to support the bullish move amid a positive risk tone. As US bond yields bounced, upbeat US retail sales data did little to impress USD bulls. The nervousness of COVID-19 […]
GBP / USD rallies to 1.3900 amid notable USD weakness
GBP / USD added to its intraday gains and updated daily highs amid a broad-based USD sell-off. Dovish comments from Fed Chairman Jerome Powell and falling US bond yields undercut the dollar. The bulls could still wait for a sustained move past the 1.3900 mark before placing new bets. The intraday sale of the USD […]
EUR / GBP clings near three-month lows, just above 0.8500
EUR / GBP witnessed some subsequent selling for the fourth consecutive session on Wednesday. Higher-than-expected UK CPI figures boosted the British pound and continued to exert pressure. The shared currency benefited from a weaker USD and helped limit the slide, at least for now. The crossing EUR/GBP it remained depressed for the middle of the […]
GBP / USD remains near daily highs around 1.3850
Warmer-than-expected UK CPI figures provide a good boost to GBP / USD on Wednesday. A subdued demand for the USD continues to support the buying tone around the pair. The Fed’s optimistic expectations could help limit the USD’s slide and limit the pair’s gains. The market’s attention continues on Fed Chairman Jerome Powell’s testimony in […]
GBP / USD moves towards 1.3850 as the UK’s annualized CPI beats estimates with 2.5% in June
The UK CPI rose 2.5% year-on-year in June compared to the + 2.2% forecast. The UK monthly CPI reaches + 0.5% in June compared to the + 0.2% expected. GBP / SD rises towards 1.3850 following bullish UK CPI. The 12-month rate of the consumer price index UK CPI stood at + 2.5% in June, […]
The US dollar index retreats from highs around 92.70
DXY hits 3-day highs near 92.70 following US data. US 10-year yields are approaching 1.40% after CPI. US Headline CPI, Core CPI surprised to the upside in June. The dollar gains additional traction to the upside and reaches new multi-day highs near 92.70 when measured by the US dollar index (DXY). US Dollar Index Strengthens […]
Consumer inflation exceeds expectations and climbs to 5.4% in June
Retail inflation rises more than expected in June. The dollar advances strongly after the CPI figures. The dollar rose sharply across the market following June US consumer inflation data that was above expectations. The consumer price index (CPI) registered a monthly advance of 0.9%, above the 0.5% of the market consensus and higher than 0.6% […]
CPI and PPI decline in June
Today the Chinese CPI consumer price index for June was released, arriving as follows: Real month-on-month June CPI: -0.4% compared to the previous -0.2% and the 0% expected. June real CPI year-on-year: 1.1% versus 1.3% previously and 1.3% expected. Meanwhile, the IPP producer price index has also been published: June Real PPI YoY: 8.8% versus […]
EUR / GBP weakens and falls to the 0.8570 zone
EUR / GBP is still unable to sustain above 0.8600. The pound appreciated against the euro in the last hour, hitting two-day highs. The EUR / GBP fell back after testing weekly highs in the 0.8610 region and fell to 0.8570, marking a new low for the day. At the same time GBP / USD […]
