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Calm Before the Storm in FX

US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the...

Fed Comments Help USD Counter a Streak of Weak Labor Market Data; All Eyes on CPI

The US Dollar found some support following statements by Fed Vice Chairman Philip Jefferson advocating for a prolonged period of rate stability. Jefferson's remarks injected a semblance of...

USD Retreats Amidst PPI Release, Market Awaits CPI Verdict

In the wake of the Producer Price Index release, the US Dollar has shown signs of retreat. The downward revisions presented in the PPI figures have instigated market sentiments, fostering a belief in...

NFP Plunge Puts Fed Easing Back in Focus

NFPs Undershoot ForecastsThe US Dollar is looking a little more stable on Tuesday after Friday NFP-driven sell-off saw the DXY finding support into lows, trading back above the 104.95 level for now. ...

USD Retreats As Powell Dials Back Hawkish Signals

No Joy for USD BullsThe US Dollar is trading lower today on the back of the May FOMC yesterday. The central bank held interest rates unchanged, as expected, but was far more close-guarded in its...

Will The Fed Cause Fireworks in USD Today?

USD in Focus TodayThe US Dollar is pushing higher today as traders brace for plenty of volatility risk throughout the session. We have both the ADP employment figures and ISM manufacturing due this...

Big Week For USD - What to Watch

Dollar Softer on MondayThe US Dollar is looking a little softer through early trading on Monday as traders brace for plenty of volatility risk this week with both the May FOMC and April NFP due. The...

Dollar Drops on Heavy GDP Miss

US GDP Misses MarkThe US Dollar continues to soften on Friday as traders digest a weaker-than-forecast advanced GDP print yesterday. The first look at Q1 GDP came in at 1.6%, down from the prior...

Dollar Holds Steady as Inflation Surge Fuels Rate Hike Speculations

The US Dollar staged a slight retreat from its earlier zenith today, buoyed by an optimistic duo of Personal Consumption Expenditures and Price Index figures bundled within the Gross Domestic Product...