News
Important Only
Crude Oil snaps higher as hopes of rising demand continue to bolster barrel bids
Mexico’s Morena party polls show support for judiciary reform
Australian Dollar with mild losses as markets await RBA directions
Mexican Peso struggles as citizens back judiciary reform
FxstreetJun 17, 2024
US Dollar stands mildly soft on quiet Monday
USD stands strong amid increasing net long positions – Rabobank
Forex
Japanese Yen weakens against USD amid tepid real wages, imported inflation
The Japanese Yen (JPY) trades lower by about a third of a percent against the US Dollar (USD), in the 157.80s on Monday, as the outlook for interest rates in the US remains elevated despite lower inflation and economic sentiment readings.Fxstreet
Jun 17, 2024
Economic Indicator
US core services inflation remains above 5% for 24th consecutive month – NBC
Global financial markets cheered last week's weaker-than-expected US CPI data for May, with both the headline (+0.0%) and core (+0.2%) measures coming in a tick below consensus expectations, National Bank of Canada (NBC) strategists Stéfane Marion and Jocelyn Paquet note.Fxstreet
Jun 17, 2024
Commodities
Precious metals start the week trading weaker – TDS
Gold (XAU/USD) faces some Commodity Trading Advisor (CTA) selling amid the back-and-forth price action, but the latest Federal Reserve (Fed) meeting generated some demand for the Yellow Metal, Ryan McKay, Senior Commodity Strategist, notes.
Fxstreet
Jun 17, 2024
