Here is what you need to know on Wednesday, July 17: While the trading action in major currency pairs remained subdued, Gold climbed toward $2,500 and reached a new all-time high early Wednesday.
Eurostat will release revisions to June inflation data and the US economic calendar will feature Housing Starts, Building Permits and Industrial Production data for June. Market participants will continue to pay close attention to comments from central bank officials. The UK's Office for National Statistics reported in the European morning that annual inflation, as measured by the change in the Consumer Price Index , held steady at 2% in June. The core CPI rose 3.
3% on a yearly basis in the second quarter. This reading followed the 4% increase recorded in the first quarter and came in below the market expectation of 3.5%. Despite the soft inflation data, NZD/USD trades in positive territory above 0.6050. EUR/USD fluctuated in a narrow channel on Tuesday and closed the day little changed. The pair holds steady at around 1.0900 in the European morning on Wednesday.
Currencies Macroeconomics Economicindicator
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dubai 2024 Celebrates Transparent and Ethical Forex Awards in Forex IndustryProfx Awards - Dubai 2024 Celebrates Transparent and Ethical Forex Awards in Forex Industry
Read more »
Forex Today: US Dollar awaits key data, Japanese Yen holds near multi-decade lowsHere is what you need to know on Thursday, June 27: The Japanese Yen (JPY) recovers slightly after falling to its weakest level since 1986 against the US Dollar (USD) on Wednesday.
Read more »
Forex Today: US Dollar consolidates weekly gains as focus shifts to key inflation dataHere is what you need to know on Friday, June 28: The US Dollar Index holds steady at around 106.00 early Friday, fluctuating near the multi-week high it set this week.
Read more »
Forex Today: Investors look at US PCE and French electionsThe Greenback regained further traction and climbed to multi-week highs on the back of the Fed’s policy divergence vs.
Read more »
Forex Today: Choppy action continues as investors await next catalystHere is what you need to know on Wednesday, June 26: Major currency pairs continue to fluctuate in familiar ranges as market participants refrain from taking large positions in the absence of fundamental drivers.
Read more »
Forex Today: The FX universe remains in waiting modeThe US Dollar recouped part of the ground lost following Monday’s negative session along with a decent bounce in US yields, while expectations for a Fed rate cut in September and December remained in place among investors.
Read more »