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NZD/USD Price Forecast: Drifts below 0.5740 ahead of US CPI data release
The New Zealand Dollar pares previous gains and retreats below 0.5740 on Friday, from Weekly highs around 0.5760, with market movement subdued as traders await the release of the US Consumer Price Index later today.The US Dollar is trading within recent ranges against its main peers amid uncertainty
Fxstreet
Fri, Oct 24
USD/JPY consolidates near 153.00 with US Inflation, PMIs on focus
The US Dollar holds previous gains, with price action steady, a few pips below the 153.00 line. Investors are biding their time ahead of the releases of September’s US Consumer Prices Index (CPI) data and October’s preliminary S&P Global Purchasing Managers Indexes (PMIs), due later on Friday.Fxstreet
Fri, Oct 24
TRY: Rate cut amid rising inflation risks – Commerzbank
The Turkish central bank (CBT) cut the rate corridor by 100bps yesterday, in line with expectations. However, as before, there are clearly contradictions between CBT’s assessment of inflation risks and these continuing rate cuts.
Fxstreet
Fri, Oct 24
AUD/USD: Expected to trade in a sideways range – UOB Group
AUD could edge higher to 0.6530; it does not appear to have sufficient momentum to reach 0.6555. In the longer run, for the time being, AUD is expected to trade in a sideways range of 0.6445/0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 24
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