After Monday’s unsuccessful attempt at a rebound, the US Dollar is holding steady against its main competitors’ currencies.The US Dollar Index is still varying just below 100. While industrial production decreased in June, US retail sales increased somewhat. During the first trading period of Tuesday’s American session, the dollar was …
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After a two-day losing streak, the Australian dollar (AUD/USD) is under pressure, which has dampened the corrective rally from late Monday. Chinese data-related worries, dovish fears about the Reserve Bank of Australia (RBA), and market inflation all contribute to the pair’s poor performance. The Fed’s policy SPECULATIONS and market-wide cautious …
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The Bank of Japan’s decision about Friday’s Asian session will be the week’s final major event. The University of Michigan will publish its Consumer Sentiment survey in the US later in the day. Market players will continue to analyse the decisions made at the most recent central bank meetings on …
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The US Census Bureau will release the June Retail Sales report on Friday. Economists and researchers of six major banks have provided their forecasts regarding the expected data. Retail Sales are forecast to rebound to 0.8% in June with the ex-autos to 0.6% and control rising to 0.3%. TDS“We look …
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The USD/CAD pair staged a goodish intraday bounce from over a one-week low set earlier this Thursday. Weaker oil prices undermined the CAD and extended support amid resurgent USD demand. Bulls seemed rather unaffected by the disappointing release of the US Retail Sales figures.The USD/CAD pair recovered nearly 70 pips …
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The Canadian dollar advances some 0.30% vs. the greenback amid an increased risk appetite. Discussions between Russia-Ukraine would continue, though fighting remains. The USD/CAD pair slides for the second straight day in the week, ahead of the FOMC monetary policy decision amid a risk-on market mood, as geopolitical jitters around …
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Economists expect US Retail Sales to have risen by a modest 0.4% in February. Robust consumption figures in previous months open the door to an upside surprise.Surge in the dollar could serve as a selling opportunity ahead of a potentially dovish Fed. Even war cannot stop America’s shopping extravaganza and …
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