Euro struggles around 1.1700 with US PPI, Trump-Xi meeting on tap 

Euro struggles around 1.1700 with US PPI, Trump-Xi meeting on tap 

The Euro (EUR) has bounced up to levels above 1.1700 against the Dollar (USD) but remains nearly 0.6% below Tuesday’s high at 1.1787, as the US Dollar is supported by hot inflation figures on Wednesday. In Europe, data released earlier on the day has failed to boost the Euro, and the focus is now on […]

Bears taking control with 0.5930 support under pressure

Bears taking control with 0.5930 support under pressure

The New Zealand Dollar (NZD) is showing the weakest performance of the G8 currencies on Wednesday, heading lower for the second consecutive day against a stronger US Dollar (USD), with NZD/USD bears testing the bottom of the weekly range at 0.5930 at the time of writing. The US Dollar is drawing support from waning hopes […]

Stronger on hot inflation and yields – MUFG

Stronger on hot inflation and yields – MUFG

MUFG’s Michael Wan describes how a stronger US Dollar environment emerged as United States (US) April Consumer Price Index (CPI) surprised to the upside and US yields climbed. He notes that bonds sold off sharply, with the US 10-year yield near a one-year high and markets starting to price a potential Federal Reserve (Fed) rate […]