NZD/USD Slips to 0.5920 as RBNZ Rate Cut Bets and US Dollar Strength Weigh
The NZD/USD pair gave up earlier gains and turned lower during Thursday’s early European session, now hovering near 0.5920. The New Zealand Dollar (NZD) remains…
Posts Tagged: Core PCE Price Index
Australian Dollar Stays Flat Amid Weak Chinese PMI and US Economic Concerns
The Australian Dollar (AUD) moved sideways on Friday following the release of lower-than-expected NBS Purchasing Managers Index (PMI) data from China. Due to the close…
USD/CAD Rebounds from Two-Week Low Amid Economic Data Awaited
The USD/CAD currency pair has bounced back from the mid-1.3600s, marking a two-week low earlier this Wednesday and halting a five-day losing streak. It shows…
GBP/USD Rebounds Modestly Amidst Weaker US Dollar and Mixed Data Signals
GBP/USD witnessed a mild recovery from 1.2600 levels after weak US data. The Dollar struggles post-ISM Manufacturing PMI, but GBP lacks strong momentum despite positive…
Amidst Economic Data and Fed Comments, EUR/USD Fluctuates Above 1.0800
EUR/USD seesawed above 1.0800 amidst disappointing US ISM Manufacturing PMI, hindering USD strength. Despite the Euro’s resilience, it awaits Eurozone inflation data to extend…
EUR/USD Remains Under Pressure Despite Intraday Gains, Waiting for Clearer Market Signals
In the American session, the EUR/USD currency pair struggled below 1.0900, hindered by the absence of high-impact data releases. The optimistic market sentiment limits the…
GBP/USD Bullish Breakout and Correction
GBPUSD rallied past its short-term descending trend line to suggest that a reversal is in order, following a pullback to the area of interest. The…
AUD/USD Faces Headwinds Amid Mixed Data, Global Monetary Policy Uncertainty
On Monday, the Australian dollar continued its losing streak. The decline of the US dollar has helped keep the AUD/USD pair below its three-month high…