Core PCE inflation expected to edge higher in May, keeping September Fed rate hike in play
The U.S. core Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, is expected to show a modest uptick when
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Indian Rupee Gains as Energy Flows Resume Through Strait of Hormuz
The Indian rupee strengthened against the US dollar on Tuesday, supported by the revival of energy flows through the Strait of Hormuz. The
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Brent Crude Pressured Lower as Hormuz Reopens, Commerzbank Says
Brent crude oil prices are facing renewed downward pressure following the reopening of the Strait of Hormuz, according to analysts at Commerzbank. The
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US Dollar Strength Tied to Fed’s Next Moves, Says MUFG
The trajectory of the US dollar is increasingly dependent on the Federal Reserve’s policy decisions, according to a new analysis from MUFG. The
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Sterling Takes a Breather as Risk Sentiment Steadies After Volatile Week
The British pound traded in a narrow range on Tuesday, pausing after a volatile start to the week as global risk sentiment steadied.
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Stretched JPY Shorts Raise Intervention Risk, Warns ABN AMRO
Currency analysts at ABN AMRO have issued a warning that the current level of short positions against the Japanese yen has become stretched,
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Chicago Fed National Activity Index Slips to -0.1 in May, Signaling Economic Cooling
The Federal Reserve Bank of Chicago reported that its National Activity Index (CFNAI) fell to -0.1 in May, a notable decline from the
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US Durable Goods Orders Dip 4.5% in May, Matching Analyst Forecasts
New orders for long-lasting manufactured goods in the United States fell by 4.5% in May, a decline that precisely matched the consensus expectations
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Dollar Slips as Inflation Data Eases Rate Hike Jitters
The US dollar edged lower in trading on Wednesday after the release of inflation data that came in broadly in line with economists’
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US Durable Goods Orders Ex-Defense Slump 4.6% in May, Reversing April Surge
New orders for long-lasting manufactured goods in the United States, excluding the volatile defense sector, dropped sharply in May, reversing the strong gains