Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June
Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June
Japan’s Tokyo CPI inflation rises in June: What 1.7% means for Japanese Yen
The headline Tokyo Consumer Price Index (CPI) for June rose 1.7% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.
Gold declines below $4,050 as US PCE inflation supports Fed hike bets
Gold price (XAU/USD) declines to around $4,020 during the early Asian session on Friday. The precious metal extends the decline as traders have ramped up bets of a US rate hike. The Michigan Consumer Sentiment Index report is due later on Friday.
Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%
Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%
Pound Sterling buckles in a leadership vacuum
Sterling spent the back half of June proving that a hawkish central bank counts for little when the government is falling apart.
Mexican Peso rises as Banxico’s hawkish hold fuels Peso rally
The Mexican Peso posted gains of over 0.62% against the US Dollar on Thursday after the Banco de Mexico (Banxico) unanimously decided to hold interest rates unchanged at 6.50%. The USD/MXN trades at 17.49, after reaching a one-and-a-half-month peak at 17.67.
Crude Oil bounces on a Hormuz scare it doesn’t believe
West Texas Intermediate (WTI) spent Thursday doing its now-familiar trick of grabbing a geopolitical bid and then quietly handing most of it back.
Silver catches a bid, not a bottom
Silver (XAG/USD) enjoyed a rare green session on Thursday, and reading much into it would be a mistake. The metal bounced off a session low near 56.35, briefly spiking close to 59.00 just after the US data hit the wires, before fading back to around 58.00, up roughly 0.8% on the day.
Australian Dollar wins the data and still cannot rally
The Australian Dollar spent Thursday doing the one thing it was not supposed to do after a strong labour report, which is nothing.
Forex Today: US Dollar eases after PCE data, Yen remains near intervention zone
The US Dollar Index (DXY) lost momentum on Thursday, retreating toward the 101.40 area after a fresh batch of United States (US) economic data showed sticky inflation, stronger growth, and a resilient labor market.
Firm data isn’t hot enough for the US Dollar
The US Dollar Index (DXY) had every excuse to extend on Thursday and declined instead. A firm batch of US data crossed the wires, yet the US Dollar eased off the top of its multi-month rally, slipping back toward 101.45 after probing close to 101.75 earlier in the session.
Fed’s Williams: “Imperative” to return inflation to 2% target
Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take longer to return to the Fed’s 2% target than previously expected.