Thursday investors saw the latest release on US inflation data, which showed that CPI rose by 5.4% on a YoY basis, well beyond the expectation. The data have created a 13-year record because the incre...
USD was slightly up on Thursday morning in Asia, reaching above the 90 level. Currently DXY Index trades around 90.2, still near its five-month low. All eyes on the market are focusing on two key even...
China released its May CPI, which contracted 0.2% on an MoM basis and increased 1.3% on a YoY basis. This means that China’s inflation is below forecast, strengthening its local currency. In the meant...
AUDUSD had a sharp rise last Friday and is still on the upward track. There are two major reasons behind this move. On the one hand, Australia started the week with strong economic data. Services PMI ...
USD gained last Friday on positive job data. Initial jobless claims fell to 385k, which was the first time below 400k since the start of the pandemic. Moreover, ISM’s service index rose from 62.7 in A...
USD rose to a three-week high against EUR and a two-month high against JPY overnight, upon the release of private payrolls. Private payrolls added 978k jobs in May, beating the forecast at 650k. Howev...
Before the US non-farm payroll data coming in, investors are weighing inflation concerns. Stock markets in Asia are trading near a 3-month high on Thursday, with China as an exception. Japan’s Nikkei ...
DXY Index is trading slightly upward at 89.935, up about 0.13% since opening. This is because US manufacturing data delivered positive outlook. On Tuesday, ISM’s report showed that its index of nation...
USD continues to edge lower against major peers as investors anxiously waiting for the job report by the end of this week. DXY Index was down 0.2% since opening, currently trading at 89.815. In APAC, ...