Page 39 - Quantitative Easing News Today

The Pound Sterling market keenly awaits the release of the high-impact United Kingdom’s (UK) Consumer Price Index (CPI) data for October, which will be released by the Office for National Statistics (ONS) on Wednesday.

The US Dollar (USD) found a lift in Wednesday's session, driven by solid US Retail Sales figures for October, which somewhat worried investors as Federal Reserve (Fed) officials might consider it a threat to the progress on inflation.

The Australian Dollar (AUD) struggles to extend gains during the Asian session on Tuesday while the US Dollar (USD) attempts to recover recent losses on the back of a recovery in US Treasury yields.

The Federal Reserve’s relentless attack on inflation has jeopardized the housing market.

The Euro (EUR) accelerates its gains against the US Dollar (USD), motivating EUR/USD to surpass the 1.0700 yardstick during Tuesday’s morning in the old continent.

The US Dollar (USD) is nosediving on Tuesday after the crucial US inflation data for October. Trades are quick to sell the Greenback now that the assumption is that yields have peaked. In terms of next steps for the US Federal Reserve

Gold price (XAU/USD) rose sharply as the US Consumer Price Index (CPI) data for October has turned out gradually softer than expectations.

The New Zealand Dollar (NZD) trades higher against most counterparts after the release of softer-than-expected US inflation data cheers Wall Street with the prospect of cheaper borrowing costs, lifting risk appetite and supporting commodity currencies like the Kiwi.

The US Dollar (USD) experienced a substantial downward movement in Tuesday's session, and the DXY index, which measures the value of the US Dollar versus a basket of global currencies, tanked to 104.25 driven by a lower-than-expected CPI and dovish bets on the Fed.

The Australian Dollar (AUD) aims to continue a week-long slump while the US Dollar (USD) keeps weakening on Monday despite higher US Treasury yields.