The most recent statistics from the Bureau of Labour Statistics (BLS) show that Producer Prices increased by 2.6% in May compared to the previous year. The figure was in line with forecasts but a tad higher than April’s 2.4% growth.
The vice-president of the European Central Bank, Luis de Guindos, said that the bloc’s economy had proven resilient but faced a number of risks, such as tariffs, that could curb growth.
Euro (EUR) is strong and entering Thursday’s NA session with a 1.0% gain, propelled by the combination of trade-related sentiment and fundamentally-driven ECB headlines that have pushed it to levels last seen in November 2021, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is extending its recent gains and trading at fresh marginal highs, reaching levels last seen in early October, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) is weak and losing ground against all of the G10 currencies while showing marginal gains vs. MXN, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Risk aversion and hopes of Fed cuts are punishing the USD.Markets are growing sceptical about Trump's ability to cut significant trade deals.Recent Fed-ECB divergence is putting additional pressure on the US Dollar.,A mix of scepticism about US trade deals and hopes of further interest rate cuts by
Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside, Société Générale's FX analysts note, Société Générale's FX analysts note.
Some ECB officials, including the President herself, have recently made no secret of their ambitions to establish the euro as the world's new reserve currency, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
EUR/USD is regaining upside traction after defending its 50-DMA and breaking above a short-term channel, with momentum indicators supporting a test of key resistance levels, Société Générale's FX analysts note.
US Dollar (USD) could edge higher, but any advance is likely limited to a test of 7.2070. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The US dollar depreciated yesterday following the weaker-than-expected US inflation figures and the EUR/USD exchange rate was able to rise towards its April high this morning.
The current price movements are likely part of a range trading phase between 143.60 and 145.10. In the longer run, Increase in momentum is not sufficient to indicate a sustained advance just yet; US Dollar (USD) must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Pete
US-EU deal is achievable; it may come after 9 July, but tariff reprieve is likely to be extended. EU likely to consider unilateral tariff cuts and streamlining of regulatory burden to mollify Trump.
And more importantly, watch these possible supports to buy. possibly countering the panic! Always trade BA stock and other stocks at your own risk only, this is not financial advice.
US Dollar (USD) fell on softer than expected CPI. This puts focus on PPI data tonight (8:30pm) before the lead up to FOMC next week. DXY was last at 98.40 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.6015/0.6055 against US Dollar (USD). In the longer run, upward momentum remains largely unchanged, but there is a chance for NZD to test 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Euro (EUR) extended its move above 1.15-handle on broad US Dollar (USD) softness overnight (post-CPI) and ECB comments. EUR was last at 1.1552 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Important Information Before You Sign Up as a Company
Before you proceed, please read this important information about our review and rating policies.
Do – Get real customer reviews and embed our ratings widgets
Do – Get real customer reviews and embed our ratings widgets
Showcasing real experiences builds trust and drives long-term success. Our widgets highlight authentic customer feedback, boosting credibility. They link directly to your review page, making it easy for customers to share their experiences—so place them where happy clients can see and contribute.
Don't – Attempt to trick our system with fake reviews
Don't – Attempt to trick our system with fake reviews
We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. Spam reviews appear in the spam tab, alerting the community, and repeated abuse may trigger manual violations. The best strategy? Rely on real, satisfied customers to build your rating honestly.