Forex Market

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

U. S. Monthly deficit shrank versus 2020, as government collected more revenue and pulled back on spending.As lawmakers prepare for another hike in the debt ceiling, it remains important to explain why it is economically feasible for the U.S. to keep borrowing, as long as interest rates stay low, partly …

The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

The Turkish lira plunged to a new record low against the dollar on Thursday after higher-than-expected US inflation data exacerbated concerns about a currency already battered by central bank monetary policy. The lira settled at 9.9050 against the dollar, after falling to 9.91 dollars and down 0.6 percent from the …

Having earlier showed readiness to fight inflation, U. S. President Joe Biden reiterated, Wednesday, that the consumer prices remained too high during early Thursday morning in Asia.“People remain unsettled about economy due to higher prices”, added Biden. He also said “I’m not waiting to sign a bill to improve the …

NZD/USD is ending the North American session down by 0.9% after falling from a high of 0.7132 to a low of 0.7062 on the day.A stronger than expected Consumer Price Index data overnight saw the USD rally against all G10 currencies.Markets have responded in kind following Fed’s statements last week …

If inflation doesn’t diminish, Fed may need to taper at a more considerable rate and hike interest rates, which could hurt stock and bond markets.Against Japan’s yen the U. S. dollar was last up 0.85% to 113.86 yen after touching Wednesday’s session high of 113.940. On Tuesday the dollar had …

The dollar index jumped sharply on Wednesday, with the euro hitting a 16-month low against the U. S. currency, after U.S. consumer prices surged to their highest rate since 1990, fueling speculation that Fed may raise interest rates sooner than expected.The consumer price index rose 0.9% last month after gaining …

A 4 EUR billion sale of new debt bonds on Wednesday showed investor demand is still strong for the sovereign.This strong demand comes despite concerns mount about the state of the corporate bond market domestically.However, China missed a trick by not issuing a green tranche, as it had suggested was …

On Wednesday, yield on Treasury notes, which often rises when investors anticipate tighter central bank policies, rose back toward highs for 2021, near 0.5%, compared with 0.409% at Tuesday’s close. The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary …