GBP/USD climbs higher on higher UK CPI. The soaring Uk's inflation has raised the expectation of one more interest rate hike by the BOE in May. Risk on market sentiment has dampened the safe-haven appeal. The Pound edged higher during Thursday trading session. The higher-than-expected declaration of the UK’s inflation boosted the pound. As [...]
NZD climbs higher as the RBNZ has elevated its interest rate by 0.5%. An interest rate hike of 50 bps is higher than the estimate of 25 bps. Softer than expected US CPI also underpin bullish trend for kiwi. New Zealand dollar is edging higher against its US Dollar counterpart during Wednesday trading session [...]
The yellow metal is trading on the front foot on Tuesday despite of hawkish Fed. Risk-off flows in equities due to geopolitics and China lockdown concerns favor the safe-haven gold. US inflation data will the key catalyst ahead. Gold prices edged higher on Tuesday as appetite for risk weakened ahead of U.S. inflation data [...]
China’s CPI has landed at 1.5%, against the expectation of 0.1% and previous readout of 0.9%. The Fed’s hawkish outlook and the dovish RBA has underpinned the bearish trend for AUD/USD. Ukraine woes weigh on the market sentiment. The Australian dollar lost its ground against the American dollar during Monday trading session despite as [...]
