Australian Dollar strengthens after Aussie data amid a stable US Dollar
The Australian Dollar (AUD) retraces its recent losses following the release of Australia’s Retail Sales and Private Capital Expenditure data on Thursday.
Source: fxstreet.com
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Canada Q4 GDP Preview: Has Canada avoided a recession, as markets expect?
The release of the Canadian GDP Growth Rate will be the salient event on the domestic calendar later in the week.
Source: fxstreet.com
US Dollar gains traction following January PCE data
The US Dollar Index (DXY) is trading near 104 and keeps gaining traction due to markets delaying rate cuts from the Federal Reserve (Fed).
Source: fxstreet.com
Australian Monthly CPI comes in at 3.4% YoY in January vs. 3.5% expected
Australia’s monthly Consumer Price Index (CPI) arrived at 3.4% in the year to January 2024, compared to the annual increase of 3.4% seen in December, the Australian Bureau of Statistics reported on Wednesday.
Source: fxstreet.com
Japanese Yen drifts lower against USD amid divergent BoJ-Fed policy expectations
The Japanese Yen (JPY) registered modest gains against its American counterpart on Tuesday and was underpinned by slightly stronger-than-expected domestic consumer inflation figures.
Source: fxstreet.com