US Dollar’s resilience faces Fed minutes and jobless claims

US Dollar’s resilience faces Fed minutes and jobless claims

The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last Federal Open Market Committee (FOMC) minutes and Initial Jobless Claims will test the US Dollar’s (USD) resilience. The US Dollar […]

British Pound holds weekly gains as Fed hike doubts deepen

British Pound holds weekly gains as Fed hike doubts deepen

The British Pound (GBP) steadies against the US Dollar (USD) on Friday, but it is poised to end the week with gains of over 1% as investors turn skeptical that the Federal Reserve (Fed) will raise interest rates at its September meeting. At the time of writing, the GBP/USD pair is consolidating around 1.3350, unchanged […]

Consolidation within broader band against US Dollar – UOB

Consolidation within broader band against US Dollar – UOB

UOB’s Quek Ser Leang notes that AUD/USD’s abrupt jump to 0.6943 was not sustained, leaving the pair likely to consolidate between 0.6895 and 0.6945 in the near term. For the next one to three weeks, the bank maintains a neutral stance, expecting the Australian Dollar to trade between 0.6870 and 0.6980 despite a still-negative longer-term […]

Framework guidance shift reshapes analysis – Rabobank

Framework guidance shift reshapes analysis – Rabobank

Rabobank strategist Michael Every highlights how Fed Chair Warsh and other major central bankers at Sintra are signalling a structural shift away from traditional forward guidance towards data-driven “framework guidance.” Every stresses that evolving AI, new inflation measures and reduced public tours could fundamentally change how central banking is conducted and how analysts interpret policy […]