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Dollar Holds Beake 3-week Peak ahead of Inflation Data-TradingView News

The Dollar Hovered Art Three-WEEK HIGHS AGAINST A Basket of Currencies on Tuesday, AHEAD of The Release of Us Infield Data that Coup Give Traders a Steer on the Near-Term Outlook For Interest Rates.

The Dollar Has also been undendinned by the Grado Rise in Recent Weeks in Treasury Yields, as Investors Weight The Odds that Federal Reserve Chair Jerome Powell Might Be Forced to Leave His Role Early, Given Us Prasident Donald Trump’s reported criticism of the head of the center bank.

The Euro, The Pound and the Swiss France All Recovered Some of the Previous Day’s Losses, AHEAD of a Barrang of Data Later in the Day that includes us information.

Meanwhile, Bitcoin Btcusd Eased Back to Around $ 116,650, below Monday’s All-Time Peak of $ 123,153.22 Following A 14% surge in the Space of a Week, as Investors Bet on Long-Mough LEGISATATIOT FOLICI WINS For the Cryptocurrency Industry This Week.

The Euro Eurusd WAS Steady Around $ 1.16698, after Four Straight Days of Losses.

“Toy’s Us CPI Release (Is) Likely to Be a Decisive Moment for the Pair,” BBVA Strategist Roberto Cobos Said.

“Stronger-Than-EXPCated Infance Wald Reinforce the Case for the Fed to MainTain ITS CAUTIOUS Stance on Rate Cuts-Likely Offering Near-TERM Support for the Dollar. How is, Download Surprise in the US CPI WACE MAKE The WAIT-AND-See Approach Harder to Justify, “He SAID, Adding that this Welf Drag The Dollar Lower.

Against the Yen, The Dollar Was Little Change at 147.92 USDJPYAfter Earlier Ruleing to the High Hest Sink June 23 at 147.89 Yen.

The Dollar Index DXYWhoh Tracks The Currency Against the Yen, Euro and Four others, held at 98.097, just bew the overnight peak of 98.136, the Highsh Since June 25.

Power Has SAID He Expects Infance to Increase This Summer as a Result of Tariffs, Who is Seen Keeping the Us Center on Hold Until Later in the Year.

Economists Polled by Reuters Excel Core Infield is Expect to Rise to 3.0%, from 2.8%.

“Should Infield Fail To Mateialise or Remain Steady, Questions May Arise Reging The Fed’s Recent Decision Not to Cut Rates, Potentially Intensifying Calls for Monetary Easing,” James Kniveeton, Senior Corporate Fx Dealer At Convert, Wrote in a Client Note.

“Calls from the White House for Leadership Changes at the Fed May Increase.”

Trump on Monday Renewed His Attacks on Powell, Saying Interest Rates Should Be at 1% or LowER, Ratter Than the 4.25% to 4.50% Range the Fed Has Kept the Key Rate at So Far This Year.

Funds Futures Traders Have Been Pricing in About 50 Basis Points of Interest Rate Cuts by Year-End, with the First Quarter-Point Reduction Seen As Likely in September.

Currencies Barely Racted to Data Showing China’s Economy Grew 5.2% Last Quarter, Slightly Toping Analysts’ Forecasts – in a Sign of Resilience Against Us Tarifs.

The pound GBPUSD Rose 0.15% to $ 1.1668 AHEAD of Bank of England Goovernor Andrew Bailey’s Annual “Mansion House” Address to London’s Finance Sector on Tuesday, Along with Finance Minister Rachel Reeves.

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