Economic Report

The dollar fell Friday, June 10, as traders awaited the US inflation data that should provide indications of the path of monetary tightening at the Federal Reserve, and after the European Central announced the start of raising interest rates next month. The euro rose after its decline Thursday, June 9, …

The annual CPI forecast to be unchanged at 8.3% in May. Core prices expected to drop to 5.9% from 6.2%. Steep oil and fuel price gains in May could push inflation risk upward. Fed tightening policy will be unchanged and eventually markets are expected to react to differentials.April’s small decline …

The UK is considering stricter enforcement of the economic sanctions measures next week after passing a relevant legislation in the wake of Russia’s invasion of Ukraine.Starting June 15, the UK’s Office of Financial Sanctions Implementation will not have to seek evidence that companies or individuals who violate the country’s sanctions …

The European Central Bank’s (ECB) June 9 monetary policy decision is likely to be a highly significant one, as the central bank is seen signaling its first-rate hike in over a decade. Increasing signs of inflation broadening out in the old continent have compelled the ECB to prepare for a …

EUR/USD climbs to 1.0700 of the ECB policy decision The EUR/USD has pared some of Monday’s losses and is now testing the 50-day moving average to the upside on Tuesday during the North American session. At 1.0709, the EUR/USD pair exchanges hands on top of the previously-mentioned DMA at the …

The AUD/JPY pair is running into monthly resistance but prior highs near 102.80 will be eyed if the bulls stay within the current course. The yen is suffering a central bank deviation blow and a potential course shift. While investors worry over decades-high inflation, the Bank of Japan has decided …

The dollar rose to its highest level in two weeks, supported by rising US bond yields, which pushed the Japanese yen to its lowest level in more than 20 years against the dollar. The yen fell to 133 yen against the dollar, a level previously highlighted as a trigger for …

China’s Prime Minister Li Keqiang has recently warned that the country’s economy is struggling to stay on track, this sort of warning may have a projected impact on the Chinese global investment plans. Some economists believe that any slowdown will also hinder the China’s efforts to present itself as an …

The Reserve Bank of Australia will have its June monetary policy meeting on Tuesday and is expected to hike the cash rate for a second consecutive month. In May, the RBA decided to raise the benchmark by 0.25% for the first time in over ten years.Observers and market participants argue …

The euro rose on Monday as risk appetite increased as investors awaited the European Central Bank’s Monetary Policy Committee meeting later this week. The single European currency rose 0.2 percent against the dollar to $ 1.074. The euro recently rose against the dollar after increasing government bond yields amid expectations …