Select Language

Forex Today: Can US inflation change the Fed's plans to ease in September?

Breaking news

Forex Today: Can US inflation change the Fed's plans to ease in September?

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.06.11 04:08
Forex Today: Can US inflation change the Fed's plans to ease in September?

update 2025.06.11 04:08

The Greenback traded with a slightly positive bias on Tuesday, reversing a bearish start to the week and supported by consistent caution on US-China trade talks in London, while prudence also developed ahead of the publication of vital US inflation data on Wednesday.

Here's what to watch on Wednesday, June 11:

The US Dollar Index (DXY) fluctuated within the 99.00 range due to stable yields and growing apprehension about the US-China trade negotiations. The US Inflation Rate will be the salient event, seconded by the weekly MBA Mortgage Applications, and the EIA's report on US crude oil inventories.

EUR/USD alternated gains with losses in the low-1.1400 as investors remained prudent amid trade discussions between the US and China. Absent data releases on the euro calendar, the focus ofd attention will be on speeches by the ECB's Buch, Lane, and Cipollone.

Poor results from the UK jobs report sent GBP/USD to the area of multi-day troughs near 1.3450, just to gather some momentum afterwards. All the attention will be on Chancellor Reeves' Spending Review.

Further depreciation of the Japanese Yen prompted USD/JPY to advance to two-week highs near 145.30 on Tuesday amid a generalised flattish mood in the FX galaxy. Producer Prices are next on tap on the domestic calendar.

AUD/USD clung to its daily gains above the 0.6500 barrier following developments from the US-China trade discussion in the UK. The next data release in Australia will be the Consumer Inflation Expectations on June 12.

WTI prices surged past the $66.00 mark per barrel, marking new two-month highs, as a potential positive outcome from the US-China trade discussions in London boosted sentiment. However, that initial move faded afterwards, sending the commodity to the red territory near the $64.00 mark.

Gold prices traded in an irresolute fashion on Tuesday, fading Monday's uptick and lingering around the $3,330 mark per troy ounce amid rising prudence stemming from the US-China trade talks. Silver prices clocked a marked pullback, reversing three consecutive daily upticks, including Friday's advance to the vicinity of the $37.00 mark per ounce for the first time since February 2012.



Date

Created

 : 2025.06.11

Update

Last updated

 : 2025.06.11

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Silver Price Forecast: XAG/USD advance stalls near $37.00 as holiday lull masks bullish setup

Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday.
New
update2025.07.05 06:32

EUR/USD holds near highs despite tariff jitters, eyes on EU data next week

EUR/USD posted minimal gains of 0.18% on Friday amid thin liquidity conditions, as markets in the United States are closed due to the Independence Day holiday. The shared currency is poised to close the week with gains of 0.53% despite the release of solid US economic data this week.
New
update2025.07.05 05:59

AUD/USD retreats as risk-off mood builds ahead of Trump's tariff deadline

The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of US President Donald Trump's July 9 tariff deadline.
New
update2025.07.05 05:14

USD/JPY Price Forecast: Eyes breakout as triangle narrows, but lacks momentum

The US Dollar (USD) is trading slightly lower against the Japanese Yen (JPY) on Friday, with the USD/JPY hovering around 144.50 in subdued holiday-thinned conditions as US markets remain closed for Independence Day.
New
update2025.07.05 04:10

NZD/USD risks further downside as Kiwi tests critical support at 0.6050

The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday as market participants weigh near-term resistance against a weakening bullish structure.
New
update2025.07.05 04:04

Gold price shines as USD slips, trade war fuels safe-haven demand

Gold price resumes its uptrend on Friday, poised to print gains of over 1.50% for the week as the US Dollar is on the back foot amid thin liquidity conditions following the closure of US markets in celebration of Independence Day. A slight escalation of the trade war boosted bullion prices.
update2025.07.05 02:41

GBP/JPY retreats as safe-haven demand rises ahead of Trump's tariff deadline

The Japanese Yen (JPY) is strengthening against the British Pound (GBP) on Friday as markets turn cautious ahead of the weekend.
update2025.07.05 02:16

WTI Crude Oil consolidates near key support, OPEC+ decision looms

West Texas Intermediate (WTI) Crude Oil prices remain subdued on Friday, extending losses from the previous day and hovering near the mid-$65s amid thin holiday trading, lingering demand concerns, and a lack of fresh catalysts.
update2025.07.05 01:12

BoE's Taylor: Disinflationary forces are building

Bank of England (BoE) rate-setter Alan Taylor noted late on Friday that downside pressures are continuing to build up underneath the UK's economy, signaling that early rate cuts may be needed ahead of a questionable forecasting period.
update2025.07.05 01:00

EUR/USD firms as tariffs and Trump's tax bill dominate headlines

The Euro (EUR) is holding modest gains against the US Dollar (USD) in thin trading conditions on Friday. With US markets closed in observance of Independence Day, liquidity is limited.
update2025.07.05 00:35

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel