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AUD/USD falls back from 0.6400 as US Dollar bounces back
AUD/USD retreats from 0.6400 as the US Dollar recovers its intraday losses. Investors digest weak preliminary US S&P Global PMI data for February. Going forward, Australian monthly CPI data for January will influence RBA’s policy outlook.
Fxstreet
Feb 24, 2025
CAD loses ground on the crosses – Scotiabank
BoC Governor Macklem said Friday the economy was on a 'better footing' on the back of a pickup in consumer demand but noted again that the consequences of a trade war with the US would be 'severe' and the threat of tariffs was already doing economic harm, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Feb 24, 2025
EUR/USD falls back amid fears over German economic outlook
EUR/USD surrenders most of its initial gains as the US Dollar bounces back. Market participants worry that potential German coalition government formation will unlikely uplift the economy. Weak US private business activity data weighed on the US Dollar.
Fxstreet
Feb 24, 2025
Pound Sterling outperforms US Dollar as Fed dovish bets rise on weak US Services PMI
The Pound Sterling jumps to near 1.2700 against a weakened US Dollar after a sharp slowdown in US services sector data for February. Traders expect the BoE to cut interest rates two times more this year. This week, investors will focus on the US Durable Goods and PCE inflation data for January.Fxstreet
Feb 24, 2025
EUR/GBP rises to near 0.8300 following Germany’s conservative victory
EUR/GBP climbs as market sentiment improves after Germany’s conservative election victory. Investors focus on the coalition-building process, with strong leadership viewed as essential for driving key fiscal reforms in Germany. The Pound Sterling may find support as expectations for a Bank of Englan
Fxstreet
Feb 24, 2025
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