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Sterling fell sharply against the dollar and euro on Tuesday after British inflation unexpectedly slowed for the first time since October last year, dampening expectations of an interest rate increase this year. Consumer prices rose by 2.6 percent compared with a year earlier, down from a nearly four-year high of 2.9 percent in May and slowing for the first time...

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The U.S. dollar sank to a 10-month low against a basket of major currencies on Tuesday, hobbled by uncertainty over the pace of the Federal Reserve's policy tightening and worries that President Donald Trump will fail to deliver healthcare reforms. Two more Republican Senators, Jerry Moran and Mike Lee, announced their opposition on Monday to a revised...

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The AUD bulls remain unstoppable following the release of hawkish RBA minutes, with the AUD/USD pair now extending the break higher to test 0.79 handle, the strongest levels seen since May 2015. Aussie bond yields drop The RBA minutes revealed that the policymakers remain upbeat on the economy, and markets believe that the next policy move could be very well a...

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Last but certainty not least, investors are watching sterling to see how far GBP/USD rises. Having taken out 1.30 and then the year to date high of 1.3050, GBP/USD climbed to an 8 month of 1.3114. The currency pair has performed very well over the past week thanks to the consistent hawkishness of U.K. policymakers. Investors quickly forget about monetary policy...

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What was supposed to be a strong week for the U.S. dollar turned into a crushing one for the greenback. Fed Chair Janet Yellen did not solidify her positive views, providing the dollar with the catalyst it needed to hit new highs. Instead, she expressed concerns about low inflation and these worries were confirmed by the last consumer price report. CPI growth...

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We’ve also seen a parabolic rise in the Australian dollar . Data has been healthy with rising consumer inflation expectations joining the increases in consumer and business confidence but it was the sharp jump in Chinese imports along with a widening AU-US yield spread that sent the Australian dollar to its strongest level in a year. Unfortunately the Reserve...

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The next big focus for the forex market will be the European Central Bank’s monetary policy meeting. After rising to a 1 year high of 1.1490, EUR/USD struggled to extend its gains above 1.15. Investors worry that Mario Draghi will disappoint in the same way as Janet Yellen. Draghi’s comments last month took euro to a 1 year high versus the U.S. dollar and now...

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Sterling rose against the dollar on Friday, investors still weighing the likelihood of an interest rate rise from the Bank of England after labour market data this week offset some worries over Britain's exit from the European Union. The pound has recovered from its losses after Britain's election in June as a number of BoE policymakers have spoken out in favour...

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It's a temporary situation Just wait till September and see how dollar is going to be howkish

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as ecpected ! Bank of Canada increases overnight rate target to 3/4 per cent www.bankofcanada.ca www.bankofcanada.ca

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No surprise at all that it the cash rate target is left unchanged, the question is how upbeat the Statement from Governor Lowe is. Headlines via Reuters: House prices rising briskly in some markets Indicators of labour demand remain mixed Employment growth has been stronger over recent months Some signs housing market starting to cool Housing debt has...

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Canadian dollar near 10-month high Bank of Canada Governor Stephen Poloz told a German newspaper that Canada's inflation should be well into an uptrend by the first half of 2018, adding that policy normalization must begin before price growth hits its target. His comments prompted markets to price in a more than 50 percent chance of a rate hike at the central...

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Carney: Policy Panel: Investment and growth in advanced economies BOE'S Carney: Some Removal Of Stimulus May Become Necessary If Economy Improves All majors taking turns to rape the dollar.

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The dollar is under significant pressure and the commodity currencies are also benefitting from the recovery in commodities. With the Canadian dollar this is the recovery in oil, which has helped the sharp fall on USD/CAD. The dollar is coming under pressure as markets reprice for the relative performance of other forex major currencies. Comments from central...

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Earlier this month, President Trump said very good numbers will be announced soon on GDP. At the time there was speculation that he was leaking his own data but that's probably unfounded. Since this is the third look at the data, it's not likely to be revised much. The second reading was 1.2% (annualized) and the consensus of economists don't expect that to...

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Hurricane season in the Gulf of Mexico is upon us early. If rigs go offline because of a vigorous hurricane season, production will be shut-in and crude prices will rise. The first storm of the season has already made land-fall, and the usual season is August-November, so the storms are early this year. How good a job can OPEC do in terms of maintaining...

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Just as we warned was likely (how many times have we seen this game played), The ECB has come out this morning to explain to the market that the reaction to Draghi's hawkish speech yesterday was entirely mistaken. The reaction is clear - EUR and Bund yields are tumbling. Vice President Vitor Constancio scrambled to set the record straight, saying the remarks were...

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The Conference Board Consumer Confidence Index Increased in June 118.9 116.1 117.6 www.prnewswire.com Reports from Manufacturers in the Fifth District Improved in June www.richmondfed.org