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US Dollar weakens following April CPI figures

The US Dollar Index (DXY) is trading near 104.4 on Wednesday, showing sharp losses triggered by the softer-than-expected Consumer Price Index (CPI) and flat Retail Sales figures from April.
New
update2024.05.16 01:43

Canadian Dollar gains ground against softening Greenback as US CPI inflation cools

The Canadian Dollar (CAD) is broadly softer on Wednesday as one of the day's weakest performers, but the CAD will have to settle for second-worst as the US Dollar (USD) broadly retreats following a cooler-than-expected print of US Consumer Price Index (CPI) inflation.
New
update2024.05.16 01:37

Fed's Kashkari: Housing remains an area I'm focused on

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari highlighted the Fed's need to watch the economy carefully to see if current policy rates are restrictive enough.
New
update2024.05.16 01:27

GBP/USD Price Analysis: Peaks at five-week high, fails to challenge 1.2700

The Pound Sterling advanced some 0.30% and hit a five-week high of 1.2670 following the release of the US Consumer Price Index (CPI).
New
update2024.05.15 23:47

Silver Price Analysis: Reaches new high for May but pulls back after becoming overbought

Silver (XAG/USD) price has risen up to a new high for May at $29.20 after the release of market-moving data from the US.
New
update2024.05.15 23:22

USD/CAD recovers soft US Inflation-induced losses from 1.3600

The USD/CAD pair rebounds sharply after falling to near the round-level support of 1.3600 in Wednesday's New York session.
New
update2024.05.15 23:16

US Retail Sales were unchanged at $705.2 billion in April

The US Census Bureau reported on Wednesday that Retail Sales in the US were virtually unchanged on a monthly basis at $705.2 billion in April.
New
update2024.05.15 21:41

AUD/USD Price Analysis: Aussie runs into tough medium-term resistance at 0.6650

AUD/USD has reached key long-term resistance at around 0.6650 and has stalled.
New
update2024.05.15 20:56

Oil faces downward pressure as IEA slashes 2024 demand growth forecast

Oil prices remain steady near $78 on Wednesday, but faces increasing downward pressure when factoring in all elements that are on the table at the moment.
New
update2024.05.15 20:30

EUR/GBP Price Analysis: Falling back down inside its multi-month range

EUR/GBP is falling back inside its multi-month range after temporarily breaking out to the upside on May 7.
New
update2024.05.15 20:19

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