Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade.
PMI figures from Australia reveal weaker-than-expected data.
Fragility in the Australian economy...
AUD/USD recovered much of its previous losses in Tuesday’s session, following RBA decision.
USD started the week softly, and its declines extended following weak Retail...
The Reserve Bank of Australia held rates at 4.35% on Tuesday.
Australia’s inflation is at 3.6%, well above the central bank’s target.
Economists expect the US...
The Pound Sterling remains vulnerable around 1.2670 as investors turn cautious ahead of the UK inflation for May and the BoE’s policy outcome.
UK’s headline...
US consumer and wholesale inflation figures came in below estimates.
The Fed forecast only one rate cut this year.
The Reserve Bank of Australia will hold...
Canadian Dollar sheds -0.20% against USD as price action rebounds.
Canada remains absent from the economic calendar on Thursday.
Risk-off market flows keep the CAD pinned...
The dollar plunged on Wednesday after softer-than-expected consumer inflation data.
Fed policymakers projected only one rate cut in 2024.
Data on Thursday showed a bigger-than-expected increase...
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