The dovish stance expectation of the Fed has created selling pressure towards the greenback which is favorable for Aussie traders. The US central banks’ policymakers continue to dismiss inflation concerns, suggesting that the Fed could maintain lower rates for longer but investors are wary that a strong pandemic recovery could force the Fed's hand. Vice [...]
Japanese yen is trading high compared to greenback which is due to the favorable data released today. The Industrial output of Japan has extended its gains in April as the manufacturers seem to be benefited from a recovery in appetite for capital goods, specially in key overseas markets. The Official data which was released on [...]
Gold is trading low on Friday morning due to strengthening dollar and rising U.S. yields. As an uptick in the dollar and U.S. Treasury yields pressured bullion, while investors are awaiting crucial U.S. inflation data later in the day. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits has [...]
Aussie seems to struggle against the dollar during early Thursday. Recovery in the US dollar and the coronavirus (COVID-19)-led lockdown in Victoria weighs down the Aussie pair. The US dollar index (DXY) extends its recovery moves from early January lows, up 0.13% intraday, while following the firmer Treasury yields. The recent increase in the covid [...]
