Topic: Currency News
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Aussie, kiwi struggle at highs as RBA, RBNZ loom
US shares have surged after a weaker than expected PCE inflation reading, while the Aussie and NZ dollars ease from recent highs.
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Dollar pares gain after inflation cools
Euro hits speed bump in slower inflation; Sterling posts largest monthly gain since November whilst Canada’s economy shows surprise resilience. Meanwhile, the US dollar wavers after data casts doubt on rate hikes.
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Dollar braces for quarterly decline as rate cuts eyed
GBP/USD primed for best month since November and sticky European inflation lifts the euro.
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Aussie, kiwi near recent highs ahead of Chinese PMIs, US PCEs
US shares extend this week’s gains, while the Aussie and kiwi ride a more hopeful mood.
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Buck slips after underwhelming data
The euro continues to hold the upper hand, while sterling reaches an 8-week peak and the Canadian dollar ascends to 1-month highs; however, the dollar falls in response to underwhelming data.
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Data back in focus as banking fears fade
Hawk watching in Europe has intensified as strong UK data releases continue to buoy rate hike bets, with even secondary data now capable of becoming market-moving.
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