The US Dollar edged slightly higher during Thursday's trading session with the broader DXY Index gaining 0.12% on balance. How might consumer sentiment data sway the direction of USD price…
After a strong July US nonfarm payrolls report and more hot inflation readings, Fed rate hike odds are creeping higher ahead of the August gathering in Jackson Hole.
Banxico tightens monetary policy for the second time this year and raises the overnight interest rate by 25 bp to 4.50% to combat rising inflationary pressures in the economy.
Gold prices opened the week with a nasty sell-off that threatened the 2021 low. But, the rest of the week has been spent with Gold prices trying to recover.
Canadian Dollar may yet stage a counter-offensive as USD/CAD remains capped by key technical resistance. The Loonie levels that matter on the weekly chart.
The Australian dollar has been able to stem the tide against adverse factors such as COVID-19 and lower commodity prices as we wait for further AUD/USD price drivers.