Browsing Tag

Market flash

CAD Sinks on Dovish BOC

Dollar Holding Below Resistance The US dollar has been fairly stagnant over the last 24 hours. The lack of any key US data this week has created an absence of directional drivers which has seen the USD index remain in consolidation mode…

GDP Crushed By Data Miss

USD Riding High The US dollar is ending the week on a much better note than it started. Stronger than expected data yesterday (retail sales & Philly Fed both better beat) has helped lift the dollar into the end of the week. USD index…

USD Sinks On Data Weakness

USD Selling Off On Data Dump The US dollar has been a little lower over the European morning on Thursday. Following some weakness in the monthly CPI reading earlier in the week, yesterday, PPI was also lower than expected last month.…

US CPI Up Next

USD Higher Ahead of CPI The US dollar has started the day in the green with the index rallying up to 97.16 as of writing. Looking ahead today, US CPI data is the main data print today. The headline reading is expected to have grown at just…

US/China Trade Deal Signing Due

USD in Demand The US dollar has kicked off the week on a firm footing with the index rallying up to 97.21 last, just shy of the 97.26 level. Better data last week helped underpin USD, despite a weaker than expected NFP reading. US CPI…