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USD/JPY Price Analysis: Looms near multi-year highs as bulls target 161.00

The USD/JPY registers minimal loss after hitting a daily low of 160.28, yet the major remains approaching the 161.00 figure for the second consecutive day as the Japanese authority's verbal jawboning has failed to contain the Yen's depreciation.
New
update2024.06.28 05:50

Fed's Bowman: inflation should ease with current Fed policy

Federal Reserve (Fed) Board of Governors member Michelle Bowman noted on Thursday that while current Fed policies should be enough to drag inflation back to target, the Fed shouldn't be unwilling to weigh further rate cuts in inflation data proves sticky.
New
update2024.06.28 05:32

Banxico keeps rates at 11.00%, Peso continues to depreciate

On Thursday, the Bank of Mexico (Banxico) decided to hold the overnight interbank interest rate at 11.00%, as expected by most market participants.
New
update2024.06.28 04:33

Forex Today: US inflation comes to the fore... again

The US Dollar came under some renewed selling bias and left behind the area of recent multi-week highs amidst lower yields and ahead of the publication of US inflation tracked by the PCE on Friday.
New
update2024.06.28 04:32

US Dollar Index finds footing in Thursday backslide but still lower on the day

The US Dollar Index (DXY) showed the Greenback giving a mixed performance on Thursday, testing into the low side after a mixed bag of US data figures but finding enough footing to limit losses.
New
update2024.06.28 04:15

Gold price rallies over 1% on soft USD, lower US yields

Gold rallied more than 1% on Thursday after economic data. The softer Greenback, which is retreating after posting solid gains, undermined lower US Treasury bond yields.
New
update2024.06.28 04:06

Dow Jones Industrial Average cautiously higher on Thursday as markets await key inflation print

The Dow Jones Industrial Average (DJIA) went sideways on Thursday, finding tentative gains but battling the downside as traders grapple with a mixed print on the US data docket.
New
update2024.06.28 03:00

Mexican Peso edges lower ahead of Banxico's policy decision

The Mexican Peso prints minimal losses in early trading during the North American session as traders brace for the monetary policy decision of the Bank of Mexico (Banxico), scheduled for 19:00 GMT.
New
update2024.06.28 02:28

Canadian Dollar mixed on Thursday as CAD traders await Canadian GDP

The Canadian Dollar (CAD) gave a mixed performance on Thursday after a data-light economic calendar on the Canadian side left the CAD to twist amid a mixed print in key US figures.
New
update2024.06.28 01:53

USD/JPY: The pair visits a 37y high - OCBC

USD/JPY rises to 37y high of 160.87 overnight. Next resistance is at 161.20, OCBC analysts Frances Cheung and Christopher Wong note.
New
update2024.06.28 00:52

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