News
Important Only
USD/CAD appreciates to near 1.3650 due to a downward correction in Oil prices
IMF lifts China’s economic growth target from 4.6% to 5% in 2024
BoJ’s Adachi: Central bank must maintain accommodative financial conditions until price goal achieved
Australian Dollar consolidates after robust Monthly inflation, US Dollar remains firm
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
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
