The dollar struggled for direction in the immediate aftermath of a key US inflation measure landing hotter-than-expected, while the yen tumbled after the Bank of Japan stood pat. Against the dollar, the euro climbed to USD1.0714 around 1250 GMT Friday afternoon, from

The dollar perked up slightly on Thursday afternoon, after surrendering some ground in the morning, after data showed US economic growth eased at the start of the year, but inflation pressure accelerated. The yen's woes continued, as the dollar approached the JPY

The dollar was mixed on Wednesday on the back of softer-than-expected US economic data, while the pound and Australian dollar made strides against the greenback. Hawkish words from a UK central banker aided sterling. An Australian inflation reading supported the auss

US business activity continued to expand in April, albeit at a more modest rate amid signs of weaker demand, figures from S&P Global on Tuesday showed. The headline S&P Global flash US purchasing managers' index composite output index dropped to 50.9 in A

The dollar was largely higher on Monday, kicking off a key week in decent fashion, while the pound struggled after a Bank of England rate-setter painted an optimistic picture as far as the fight to contain inflation goes. Thursday has the release of the latest US gro

The dollar traded mixed on Friday, and stronger against the euro, after US non-farm payrolls growth beat expectations significantly. Against the dollar, the euro fell to USD1.0809 on Friday from USD1.0860 on Thursday. Versus the yen, the dollar inched down to JPY1

The dollar was trading largely lower on Thursday, after data showed that initial jobless claims in the US increased from a week earlier and higher than expected. Against the dollar, the euro rose to USD1.0860 on Thursday from USD1.0777 on Wednesday. Versus the yen

The dollar was stronger on Tuesday, after two key manufacturing reports were released on Monday, while the pound took a hit following a morning of economic data from the UK. Against the dollar, the euro fell to USD1.0751 on Tuesday from USD1.0803 on Thursday. Grow

The dollar rounded off the week largely higher on Friday, though the pound fell under the weight of dovish Bank of England expectations and some less-than-stellar UK data. Against the dollar, sterling fell to USD1.2620 Friday afternoon UK time, from USD1.2719 on Thur

The dollar slid on Thursday, after the Federal Reserve's dot-plot suggested a trio of rate cuts in the offing this year, while a dovish Bank of England meant the pound struggled to keep pace with the stronger strides against the greenback registered by global counte

The dollar traded largely higher on Monday, while the yen and franc both declined at the start of the week, but there were differing interest rate expectations in Japan and Switzerland. It is a key week on the central banking calendar, with decisions from the Reserve

The US consumer price inflation rate unexpectedly picked up speed last month, numbers showed Tuesday. The Bureau of Labor Statistics said the pace of year-on-year consumer price growth picked up to 3.2% in February, from 3.1% in January, where it had been expected to

The dollar was on the front foot on Monday, after taking a hit on Friday following a soft US jobs report which supported hopes for a June interest rate cut. However, the dollar remains vulnerable as focus turns onto a key US inflation reading, which is due to be rele

Gold hit a new record on Friday, as the precious metal rally gathered steam amid growing optimism that the US central bank is on track to start cutting interest rates this year. Spot gold rallied to USD2,168.07 an ounce around 1050 GMT on Friday from USD2,155.51 on T

The dollar slipped on Wednesday as comments from the chair of the Federal Reserve failed to spook markets, while the US economy added fewer jobs in February, a survey showed. The Fed's progress in bringing down inflation is "not assured," Chair Jerome P

The dollar made mixed progress on Tuesday as the market awaited the first of a number of key economic releases this week. Brown Brothers Harriman noted that the "data deluge" starts shortly with the ISM services purchasing managers' index. This will

The dollar conceded ground on Monday ahead of a busy week of data, speeches and central bank meetings. Rabobank pointed out the week ahead has been billed as "potentially pivotal" for a host of different reasons. The broker noted the run up to the US pre

The dollar gained ground on Friday despite strong inflation figures in Europe, after US Federal Reserve officials signalled rate cuts would have to wait until summer. The euro fell to USD1.0799 on Friday afternoon compared to USD1.0841 on Thursday. The pound fell

US economic growth was slightly weaker than previously estimated in the fourth quarter last year, according to government data released Wednesday, due mainly to a downward revision to business investment. GDP growth in the world's biggest economy was revised to a

The dollar was largely on the up on Tuesday, while the yen outperformed on a hotter-than-expected inflation reading from Japan. Against the yen, the greenback faded to JPY150.32 on Tuesday afternoon UK time, from JPY150.64 on Monday. Japan's annual consumer pr

The dollar lost ground against European counterparts but made gains elsewhere in a mixed start to the week for the US currency, with inflation data the focus in the days to come. Versus the dollar, the euro rose to USD1.0858 on Monday, from USD1.10829 on Friday. The

Oil prices weakened on Friday, though US crude inventories rose for the fourth time in a row, albeit at a slower pace than expected. A barrel of Brent fetched USD82.69 around 1100 GMT on Friday, down from USD83.18 on Thursday. West Texas Intermediate fell to USD77.59

The dollar weakened on Monday, as its post-US inflation data winning streak took a breather, but remains on what the readings mean for the Federal Reserve. It is a quiet day for currency trade, however, with financial markets in the US closed for the Washington's

The surprise jump in retail sales on Friday was welcomed by economists, suggesting a consumer-led recovery could be afoot, although the volatile nature of recent releases prompted some caution. UK retail sales growth comfortably topped forecasts in January, numbers s

Oil prices extended losses on Thursday amid signs of flagging energy demand in the US, but gold rebounded, though it remained just below the USD2,000 mark. A barrel of Brent fetched USD81.10 on Thursday, down from USD82.97 on Wednesday. West Texas Intermediate f

The dollar strengthened markedly on Tuesday, after a consumer price reading all but ensured that the Federal Reserve will not cut interest rates in March. The dollar strengthened markedly in the wake of the CPI release. The euro fell to USD1.0703 on Tuesday from USD1

The dollar was mostly higher on Monday, ahead of Tuesday's consumer price reading. Meanwhile, the pound will face a number of tests this week, ahead of a slew of economic data. Against the dollar, the pound fell to USD1.2618 on Monday afternoon in London from

The dollar strengthened on Thursday as robust jobs figures suggested near term rate cuts were unlikely, while the yen slipped back after 'dovish' remarks from a Bank of Japan official. The pound fell against the dollar to USD1.2582 on Thursday, from USD1.2636

The dollar was mixed on Tuesday, as its post US-jobs data rally cooled slightly on Tuesday, with its Australian counterpart among those making a stride after the Reserve Bank of Australia left interest rates unmoved. The Reserve Bank of Australia left the cash rate t

The dollar extended gains at the start of the week as currency traders digested last week's robust US nonfarm payrolls report and what it could mean for the Federal Reserve interest rate outlook. There was also a pre-recorded interview with the central bank's

In ING's Fed preview, analysts felt the central message coming across from tonight’s FOMC meeting would be that imminent action was not on the table. A recent speech by the Fed’s Christopher Waller has helped set the context for today

The dollar has been the strongest performer across the G10 and emerging market currency blocs this year. This is probably down to US growth holding up well. This means that the Fed need not rush into rate cuts. Additionally, there is a far from compelling investment cas

The dollar traded largely lower on Wednesday, as strong purchasing managers' index releases in the UK and Japan demonstrated weighed on the dollar. The UK's private sector expansion was stronger than anticipated at the start of 2024, preliminary data suggeste

The Bank of Japan maintained its signature monetary easing measures on Tuesday, as speculation grows of a shift away from its ultra-loose stance. After a two-day policy meeting, board members decided to keep interest rates in negative territory – a global anoma

The dollar continued to trade higher on Thursday, as analysts continued to cut interest rate bets in the US. The same trajectory has been mirrored in Europe and the UK, too, with hotter-than-expected UK inflation data and European Central Bank minutes avoiding rate c

Eurozone consumer price inflation accelerated in December, official data on Wednesday confirmed. Eurostat said the single currency bloc's consumer price index rose by 2.9% annually in December, accelerating from a 2.4% increase in November. The figure came in lin

The dollar was in better shape as traders in New York returned to desks on Tuesday, though its gains on its Canadian counterpart were pared after a more robust inflation supported its North American neighbour. The dollar was on the up despite traders still maintainin

The dollar retreated on Friday, giving back some of Thursday's gains, this follow numbers showing that US producer prices grew at a slower pace than expected in December. Meanwhile, the pound made some gains, following some better-than-expected data on the UK eco

The US annual consumer price inflation rate picked up at a faster pace than expected, numbers on Thursday showed, dimming some Federal Reserve interest rate cut hope. According to the Bureau of Labor Statistics, the nation's yearly inflation rate picked up to 3.4

Foreign exchange markets struggled for direction on Wednesday afternoon, as traders look to Thursday's US inflation report for some impetus. "The broad consolidation in the dollar after the gyrations at the end of last week continues," Bannockburn Globa

The dollar was mixed on Tuesday, but confined to a narrow range, as traders move with caution ahead of this year's first batch of interest rate decisions, due in the coming weeks. The greenback gained on the euro, which has been weighed down by tepid economic pro

US activity figures released on Friday raised more concerns about data inconsistency than any clear direction for markets. Our US economist discusses here the above-consensus December jobs numbers. The US labour market is cooling (for lower-paid and part-ti

Today's data releases - the U.S. non-farm payrolls and eurozone Inflation figures — are always good for a few pips in EUR-USD. Although the consensus now is that the ECB and the Fed are at the peak of their rate hikes, and that rates have nowhere to go bu

Analysts were a little surprised that Fed officials had not pushed back harder against market expectations for aggressive rate cuts this year, but perhaps they wanted to let the minutes from the December meeting of the Federal Open Market Committee do the work. The m

The dollar has started the week modestly offered, with Scandinavian currencies performing well and the yen dropping after yesterday morning’s Bank of Japan announcement. The US calendar was empty yesterday, so the spotlight was on Fedspeak. Loretta Me

As 2024 begins, there is a broad acceptance that all but one of the G10 central banks have likely reached the peak of their rate hiking cycles. The clear exception is the BoJ. The market is also assuming that policy rates throughout the G10, aside from Japan, will be lo

The dollar ended a tricky week mixed, while the euro struggled amid tepid data and as European Central Bank interest rate expectations soften. Against the dollar, the euro faded to USD1.0865 on Friday from USD1.0914 on Thursday. The pound climbed to EUR1.1622 from EU

Yesterday, analysts argued that the heavy lifting to a dollar recovery was likely hinging on more US activity data resilience but that a hawkish pushback by the Fed and higher oil prices were two other potential channels of dollar support. Personal spending, PCE and ini

Oil prices advanced on Thursday as traders positioned themselves for further supply tightness as producers gather to set production policy that could trigger a rally. A barrel of Brent fetched USD84.69 on Thursday, up from USD82.55 on Wednesday. West Texas

The Fed likes to keep a close eye on PCE, its favored inflation measure, as the deflator for consumer spending is broader than the CPI. In October prices are likely to have fallen by 0.1% and 0.2% respectively (core rate) from September, which would correspond to annual