The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6174, down 0.06% at the time of writing.
The Australian consumer remains pessimistic about the economic outlook. The Westpac consumer sentiment index fell 0.7% in January from -2% in December 2024. This brought the index down to 92.1 in January, down from...
The yen remains calm and is lower on Tuesday. In the North American session, USD/JPY is trading at 157.98, up 0.34% on the day.
There are no tier-1 events out of Japan this week and the yen is having a relatively quiet week. That could change with the release of US inflation on Wednesday. Headline CPI is expected to rise to 2.9% y/y in December from 2.7% in...
The Australian dollar has started the week quietly. In the North American session, AUD/USD is trading at 0.6151, up 0.07% at the time of writing. Earlier, the Australian dollar fell as low as 0.6130, its lowest level since April 2020.
It was another rough week for the Australian dollar, which declined 1.7% last week. The Aussie can't find its footing and has...
GBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day.
In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the forecast and was up from 7.5% beforehand. With inflation running close to 8%, a...
The British pound is in positive territory, as the US dollar has retreated against the major currencies for the first time in five days. GBP/USD is trading at 1.3169 in the North American session, up 0.52% on the day.
The US dollar has had its way with the pound in recent sessions, but GBP/USD has reversed directions today. We are seeing a buy-the-dip move,...
The Japanese yen is unchanged on Tuesday, after starting the week with losses. With USD/JPY currently trading around the 114.80 level, it appears that the 115 line will be breached, perhaps as early as this week. The pair last breached this psychologically-important level a month ago, but was unable to consolidate above this line.
Inflation has been at the top...
The Japanese yen continues to drift. Currently, USD/JPY is trading at 107.20, down 0.13% on the day.
It was a quiet week for the yen, which recorded small losses after three weekly gains. The yen has enjoyed an excellent month of April, rising 2.6% against a struggling US dollar. Last week, the yen touched a low of 107.47, its lowest level since March 4th.
The...
The Australian dollar has started the week with a whimper. Currently, AUD/USD is currently trading at 0.7620.
Australia releases the NAB Business Confidence early on Tuesday (1:30 GMT). Business confidence continues to show stronger optimism, rising to 16 in February, up from 10 beforehand. The Australian economy has recovered remarkably well from the Covid-19...
