Euro Bounces Back as US Dollar Pauses on Yield Dip. Will EU Inflation Ignite the ECB?
The Euro has gained against a softening US Dollar but it is under pressure against the British Pound. Will today’s EU inflation data lift EUR/USD.
The Euro has gained against a softening US Dollar but it is under pressure against the British Pound. Will today’s EU inflation data lift EUR/USD.
The Australian Dollar and local S&P/ASX 200 stock index started the week on the back foot after the release of disappointing PMI data today.
Australian PMI printed at 45.3, well below the prior read of 54.9More story to follow shortly
Fed rate hike expectations have ratcheted higher in recent weeks. If the FOMC disappoints, the US Dollar may be in trouble.
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The Federal Reserve interest rate decision may sway the near-term outlook for USD/JPY as the central bank prepares to normalize monetary policy.