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The GBP/NZD has been trending lower since early May, mainly because of Brexit uncertainty weighing on the UK economy and the pound. Meanwhile, the New Zealand dollar has found some support as the Reserve Bank of New Zealand decided against cutting interest rates at its most recent meeting.

TAGS: CPI, Forex, GBP

USD/JPY nears resistance ahead of US CPI

Fawad Razaqzada July 11, 2019 6:40 AM

Ahead of the publication of CPI, the dollar has managed to bounce off its worst levels, with the USD/JPY for example climbing to 108.15 after dipping to 107.85 overnight. Undoubtedly, some speculators are happy to book profit on their short dollar positions in the event CPI comes out stronger than expected

TAGS: CPI, Dollar, Forex

EU FX Handover: US CPI Eyed

Fawad Razaqzada June 12, 2019 8:10 AM

A summary of news and snapshot of moves ahead of the US session.

TAGS: CPI, Forex

US-China trade concerns resurface ahead of US CPI

Fawad Razaqzada June 12, 2019 7:08 AM

There’s no doubt that risk has been off the menu during the Asian hours and this first half of European session today, due, in part, to renewed concerns over a US-China trade deal. However, it wasn’t a full-blown sell-off with major central banks having turned dovish again and the markets are now expecting a couple of rate cuts from the Fed this yea...

TAGS: CPI, Indices

USD/CAD limping ahead of US CPI

Fawad Razaqzada June 11, 2019 11:27 AM

The US dollar was stable against the Canadian dollar today, after the USD/CAD’ slump last week. But in light of the Fed turning dovish, we now think that there is a greater risk for the USD/CAD to reverse its bullish trend. As such, any short-term strength could fade – especially if incoming US data deteriorates further, starting with CPI tomorrow.

TAGS: CPI, Dollar, Forex

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