Gold Prices are somewhat up early Friday due to concerns on increasing inflation. Thursday's U.S. producer price index report for April came in at up 0.6% from the month of March, which is double of the forecast 0.3%. The April CPI was up over 6%, year-on-year. The PPI report followed a hot consumer price index [...]
The New Zealand dollar sank against the greenback because of the expectations on earlier-than-expected policy tightening by the Federal Reserve as a response to rapid inflation and higher treasury yields. As per the data released on Wednesday, U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a [...]
Pound shows a mixed trend against the greenback ahead of the preliminary reading of the first-quarter (Q1) 2021 UK GDP numbers, up for publishing at 06:00 GMT. Forecasts suggest that the UK GDP will rise to 1.4% MoM in March versus 0.4% previous readouts while the Index of Services (3M/3M) for the same period is [...]
Aussie seems to trading low against dollar, ahead of Australian budget release. It seems that the Aussie ignores the China inflation data. China CPI recovered but stayed below forecasts, PPI remains strong. China’s Consumer Price Index (CPI) has eased below -0.2% forecast to -0.3% MoM but stayed above -0.5% prior. The yearly CPI was with [...]
