USD Treads Water on Tame US Inflation Report, JPY Rally Stall

NEW YORKLONDON, July 26 Reuters The dollar eased fractionally alongside Treasury yields after the release of tame U.S. inflation data that is unlikely to deflect the Federal Reserve from adopting a less restrictive monetary policy in the coming months. The Commerce Department39;s June personal consumption expenditures PCE price index nudged up 0.1, as expected, after being unchanged […]
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U.S. GDP Growth Beats Expectations, Jobless Claims Decrease, U.S. Durable Goods Decline, USD Stable, High U.S. Stock Volatility, Bitcoin Gains

Previous Trading Days Events 25.07.2024 Winners vs Losers USDCAD remains on the top of the weeks list with 0.72 gains. The EURGBP follows as the EUR gains ground against the GBP and the USD. The USD has remained stable yesterday. Gold leads this month with 1.86 gains so far. News Reports Monitor Previous Trading Day […]
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Sterling Tiptoes Higher after Turbulent Week

LONDON, July 26 Reuters The pound rose on Friday but was still headed for a second consecutive weekly fall against the dollar after a week of turmoil across global markets hit higheryielding assets and as investors switch focus to next week39;s Bank of England meeting. The pound, which hit oneyear highs last week above 1.31, […]
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Yen Set for Strongest Week in 3 Months, Carry Trades Unwind

SINGAPORE, July 26 Reuters The yen was poised for its strongest week in nearly three months on Friday as traders unwound longheld bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen has dominated the currency markets this month, surging to a near threemonth high of 151.945 per […]
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South African Rand Weaker, Focus on US Economic Data

JOHANNESBURG, July 25 Reuters The South African rand was weaker in early trade on Thursday, ahead of U.S. economic data readings that could give hints on the future interest rate path of the world39;s biggest economy. At 0631 GMT, the rand traded at 18.42 against the dollar , about 0.2 weaker than its previous close. […]
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