May 28, 2025 7:24 am
Key Moments: Australia’s consumer prices rose 2.4% year-over-year in April, slightly above the expected 2.3%. The Reserve Bank of Australia may continue easing monetary policy in the months ahead. The Australian dollar weakened 0.12% to 0.6433 while the S&P/ASX 200 slipped by 0.13%. Currency Weakness Persists Despite Inflation Beat The Australian dollar fell 0.12% to […]
Read moreMay 27, 2025 3:14 pm
Key Moments: The US Consumer Confidence Index rose sharply to 98.0 in May, up from the reading of 86.0 observed in April. The Expectations Index jumped 17.4 points to 72.8. The US Dollar Index rose to 99.505, while the EUR/USD extended earlier losses and fell to 1.1339. US Consumer Sentiment Rebounds in May, Dollar Climbs […]
Read moreMay 27, 2025 11:01 am
The USD/ZAR currency pair rebounded from a fresh 5 1/2-month low of 17.7807 on Tuesday ahead of the outcome of the South African Reserve Bank’s (SARB) policy decision. The SARB is largely expected to lower its benchmark interest rate by 25 basis points to 7.25% at its May 29th meeting. The central bank paused its […]
Read moreMay 27, 2025 10:10 am
Key Moments: France’s harmonized inflation rate dropped to 0.6% year-over-year in May. Weaker French inflation figures intensified market expectations of further interest cuts being imposed by the ECB in 2025. The EUR/USD fell to 1.1349. French Inflation Falls Below Expectations Preliminary figures from France’s National Institute of Statistics and Economic Studies (INSEE) released Tuesday showed […]
Read moreMay 27, 2025 7:34 am
Key Moments: The yen surrendered earlier gains against the dollar on Tuesday, with the USD/JPY jumping 0.6% to 143.66. The 30-year JGB yield dropped 12.5 basis points to 2.91%, hitting its lowest level since May 14th. Meanwhile, the 40-year yield fell to 3.435%. Japan’s Ministry of Finance is reportedly considering reducing the issuance of long […]
Read moreMay 27, 2025 6:45 am
Key Moments: The Aussie fell to 0.6481 on Tuesday after climbing to a six-month high yesterday. According to market expectations, the probability of another RBA cut in July stands at 65%. The USD rose following news of a temporary suspension of Trump’s 50% tariffs on the European Union. Australian Dollar Under Pressure Amid Rising USD […]
Read moreMay 25, 2025 5:08 pm
The GBP/SGD currency pair settled below Friday’s high of 1.7397, its strongest level since May 2nd, after Singapore’s CPI data and a stronger-than-anticipated UK retail sales growth. Data by the Office for National Statistics showed on Friday that retail sales volumes had risen 1.2% in April compared to March, beating economists’ forecasts of a 0.3% […]
Read moreMay 25, 2025 2:22 pm
The GBP/SEK currency pair settled above recent low of 12.8138, its weakest level since May 8th, after a stronger-than-anticipated UK retail sales growth and renewed relief among UK households over an upcoming drop in energy prices. Data by the Office for National Statistics showed on Friday that retail sales volumes had risen 1.2% in April […]
Read moreMay 25, 2025 11:28 am
The GBP/NOK currency pair settled above recent low of 13.5828, its weakest level since April 4th, after a stronger-than-anticipated UK retail sales growth and renewed relief among UK households over an upcoming drop in energy prices. Data by the Office for National Statistics showed on Friday that retail sales volumes had risen 1.2% in April […]
Read moreMay 25, 2025 9:56 am
The GBP/CHF currency pair settled above recent low of 1.1037, its weakest level since May 9th, after a stronger-than-anticipated UK retail sales growth and renewed relief among UK households over an upcoming drop in energy prices. Data by the Office for National Statistics showed on Friday that retail sales volumes had risen 1.2% in April […]
Read more