Page 2 - Uom Consumer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Australia’s consumer inflation expectations climbed to 5.0% in May, matching the estimate and above the April reading of 4.6%. This is not what the Reserve Bank of Australia wants to hear – if inflation expectations keep rising and become entrenched, it can manifest into higher inflation. The RBA surprised the markets with a 25-basis point hike earlier this month, as investors had expected a second straight pause. Another rate hike at the June meeting will not win the Bank any friends, with businesses and households straining under the weight of rising interest rates.

Australia's inflation expectations accelerated. US inflation dipped but is unlikely to move the Fed's dial. US consumer sentiment is next

The EUR/USD rose from 0.9970 and climbed to 1.0035, hitting the highest level since Tuesday amid a reversal of the US dollar across the board followin

Gold Price breaks above the top of the $1700-$1720 range and rallies towards the $1750 area, where the non-yielding metal will face solid resistance,

Gold price seesaws around the $1700 area, failing to break upwards/downwards as traders prepare for the Federal Reserve July meeting in the next week,