Dollar on back foot ahead of CPI; sterling slips
- The U.S. dollar steadied Wednesday, after overnight weakness, ahead of the release of the July consumer price index, while sterling weakened after benign inflation...
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FTSE 100 LIVE: European stocks climb as traders raise bets on September rate cut after UK inflation data
Money markets now indicate a 45% chance that Threadneedle Street will cut to 4.75% next month, down from its current level of 5%.
UK Inflation rises to 2.2% in first increase this year
The pace at which prices are rising sped up in July.
Asia FX gains as dollar dips ahead of CPI data; Kiwi battered by rate cut
-- Most Asian currencies firmed on Wednesday, while the dollar dropped after a soft U.S. producer inflation reading pushed up hopes that similar easing in consumer...
FTSE 100 and Europe close in green, US stocks up with inflation data in focus
Stock markets across the US and Europe rose ahead the release of key consumer inflation data.
AUD/USD Forecast – Aussie Dollar Continues to See Upward Pressure in Limited Range
The Aussie dollar rallied a bit in the early hours of Tuesday but continues to see a lot of noise above. Because of this, I think the short term traders will be bullish, but longer tern I think this is a situation where we are still rangebound.
USD/JPY Forecast – US Dollar Continues to Test Resistance
The US Dollar rallied a bit in the early hours of Tuesday, as the market has decided to test the previous uptrend line, and therefore we are in a state of flux at this point in time.