Gold’s rally might be short-lived as US economic data continues to show evidence that inflation might be stickier than previously thought. XAU/USD turns to jobless claims data next.
Despite mixed data in recent days, the US dollar is holding ground as the ‘higher-for-longer’ theme solidifies. What is the outlook on some of the key USD pairs?
The Japanese Yen has steadied to start the week while the US Dollar has slipped as monetary policy disparity between the BoJ and the Fed perseveres. Higher USD/JPY?
The U.S. dollar is likely to strengthen against the Japanese yen in the near term, driven by monetary policy divergence between the Fed and the Bank of Japan.
The U.S. dollar trims losses after ISM manufacturing PMI shows a sharp increase in prices paid, a sign that it may take longer for inflation to converge to the Fed’s…
German inflation data has remained elevated, placing more pressure on the ECB to raise rates and take a more aggressive stance towards rampant price pressures.