GBP/USD Eases from Multi-Year High as US Core PCE and Sentiment Support Dollar
The British Pound (GBP) retreated on Thursday from its strongest level in nearly four years, with GBP/USD falling over 0.10% after reaching a peak of…
Posts Tagged: US Core PCE Price Index
GBP/USD Struggles to Hold Gains as Dollar Recovers Post-PCE; Market Awaits Inflation Data
The GBP/USD currency pair hovered near 1.2420 but struggles to maintain upside momentum as the US Dollar (USD) gains modest support following the Personal Consumption…
Japanese Yen Strengthens as Softer Inflation, Dovish Fed Dampen USD/JPY Momentum
The USD/JPY currency pair saw a rebound from a week-high as weaker inflation data and dovish Fed sentiments weighed on it. Technical indicators signal a…
Japanese Yen Hits 2.5-Month High; USD/JPY Recovers as BoJ Denies Rate Shift Amid Dovish Fed
Wednesday saw the Japanese yen reach a two-and-a-half-month high versus the US dollar. Pessimistic Fed predictions also have an impact on the dollar and US…
GBP/USD Rallies on Modest USD Weakness and Strong UK Retail Sales Data
The British pound and the US dollar bounce back on Friday after falling for three consecutive days to 1.2300, its lowest point since early April….
USD/CHF Sees Buying Support as Positive Risk Tone, Modest Dollar Uptick Outweigh Safe-Haven Demand
The US dollar climbed higher against the Swiss franc on Thursday, extending its late rebound from the mid-0.8800s, its lowest level since early 2021. After…
GBP/USD Remains Below 1.2400 Ahead of Key Data
The GBP/USD currency pair went up again in the morning in Europe. The pair stays below 1.2400 because the market is still cautious, which helps…
USD/CAD Rises for Second Day but Fails To Follow Through
The USD/CAD currency pair on Thursday increased slightly as early European trading began. The pair is now trying to build on its rise from 1.3340,…