Topic: Daily Market Updates
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Aussie leaps to five-week highs ahead of RBA
All eyes on the Reserve Bank of Australia today, with analysts split over potential rate increase.
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Surging oil prices spoils risk appetite
Risk aversion hurts the pound as oil prices jump, while sticky inflation continues to keep pressure on the ECB. Bank’s stress borrowing eases significantly.
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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.