News
Important Only
Australia’s monthly CPI inflation rises to 3.6% YoY in April vs. 3.4% expected
FxstreetMay 29, 2024
Australia Construction Work Done came in at -2.9%, below expectations (0.5%) in 1Q
PBOC sets USD/CNY reference rate at 7.1106 vs. 7.1101 previous
FxstreetMay 29, 2024
Australia Westpac Leading Index (MoM) climbed from previous -0.05% to 0% in April
FxstreetMay 29, 2024
New Zealand ANZ Business Confidence: 11.2 (May) vs previous 14.9
USD/JPY approaching 157.40 amidst broad Yen weakness
Economic Indicator
Australia’s monthly CPI inflation rises to 3.6% YoY in April vs. 3.4% expected
Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.Fxstreet
May 29, 2024
Forex
EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflation
EUR/USD rose to an intraday high near 1.0890 on Tuesday before market flows dragged the pair back down to familiar levels near 1.0860, and the pair is holding on-balance as Euro traders head into a fresh print of German Consumer Price Index (CPI) inflation.
Fxstreet
May 28, 2024
Forex
GBP/JPY breaks into fresh multi-decade highs as Yen continues to soften
GBP/JPY drifted into a new 34-year high above 200.60 on Tuesday as Yen pairs continue to pare away JPY strength following suspected “Yenterventions” from the Bank of Japan (BoJ) and Japanese Minstry of Finance who overspent nine trillion Yen on miscellaneous financial operations and is broadly assumed to have intervened directly in global markets in an attempt to shore up the battered Yen.
Fxstreet
May 28, 2024
Commodities
Crude Oil extends gains, WTI breaks $80 as markets look to OPEC+
West Texas Intermediate (WTI) US Crude Oil rose on Tuesday as energy markets look to production cuts from the Organization of the Petroleum Exporting Countries (OPEC), and its extended network of non-member partner countries OPEC+, to maintain production cuts in order to try and tamp down global Crude Oil production in the face of disappointing demand.
Fxstreet
May 28, 2024
