As of writing, the AUD/USD pair has decreased by 0.50% and is currently trading at 0.6614. With a reported growth rate of 5.2% in Q3, the US economy grew at its fastest rate in almost two years, exceeding the 5% forecast. Along with employment data, traders of the AUD/USD pair …
Read More »PCE expected to signal falling inflation that is still too high
The Fed’s preferred inflation index, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Thursday, November 30.Economists and researchers have published their forecast and estimates of the looming reading. The Fed-preferred inflation measure is expected to follow the CPI and show …
Read More »GBP/USD climbs on softer US dollar
The British pound recovered from two-week lows and is advancing just above 1.2150, after sliding below the 1.2000 mark, for the first time since mid-June, when the GBP/USD collapsed towards 1.1933 YTD lows. At 1.2176, the GBP/USD records solid gains, as the year’s first half is near to end.Worries about …
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