Forex
Investing.com - The foreign exchange market appears to be turning bearish on the U.S. dollar, according to Bank of America Securities, suggesting the EUR/USD pair is on the verge of a bullish breakout.
Over the past week, option skews have broadly moved for USD puts, the bank said in a note dated May 13, with Europe-based investors fully unwinding long USD positions from the past month.
At 10:20 ET (14:20 GMT), EUR/USD traded 0.2% higher at $1.0812, even after U.S.... (continue reading...)
By Herbert Lash and Joice Alves
NEW YORK/LONDON (Reuters) -The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter.
The report from the Labor Department also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations... (continue reading...)
With the recent challenges facing Japan's economy, questions have arisen regarding the Bank of Japan's (BoJ) ability to prevent further depreciation of the Japanese Yen (JPY).
According to analysts at UBS, they expect a contraction of 1.9% quarter-on-quarter GDP seasonally adjusted annual rate (saar). This primarily stems from disruptions in production and shipments within the automotive sector. However, they note that sluggishness in consumption persists, even... (continue reading...)
Investing.com - The U.S. dollar drifted marginally lower Monday, consolidating after recent swings as the focus turned squarely to upcoming U.S. inflation data for more cues on interest rates.
At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded just 0.1% lower to 105.090, after a weekly gain last week after two successive weeks of decline.
Dollar awaits key inflation dataThe dollar saw wild swings... (continue reading...)
Investing.com-- Most Asian currencies moved in a flat-to-low range on Monday, while the dollar steadied from recent swings as focus turned squarely to upcoming U.S. inflation data for more cues on interest rates.
Middling Chinese inflation data weighed on the yuan, while also sparking mild weakness in other China-exposed currencies.
Chinese yuan weak amid middling inflation, trade fearsThe yuan’s USDCNY pair rose 0.1% on Monday, hitting a two-week high after... (continue reading...)
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