US Dollar rallies following hot CPI data, surge in Treasury yields
The US Dollar Index (DXY) rallied to 105.20, up by nearly 1%, on Wednesday.
Source: fxstreet.com
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AUD/USD Forecast: Near-term outlook appears deteriorated
The strong resumption of the bid bias in the US Dollar (USD) prompted an equally marked retracement in the Aussie dollar and the rest of its risk-related peers, pushing AUD/USD to multi-session lows near 0.6500 on Wednesday.
Source: fxstreet.com
Forex Today: The FX galaxy now looks at the ECB… and US inflation
An unexpected rise in the US CPI in March propelled the Greenback to yearly highs and kept the risk complex under renewed and strong downside pressure.
Source: fxstreet.com
NZD/JPY Price Analysis: Bears advance and target the 20-day SMA
The NZD/JPY pair declined near the 91.33 mark, indicating a battle between optimism favoring a bullish market and mounting bearish pressure.
Source: fxstreet.com
GBP/JPY Price Analysis: A bearish engulfing pattern looms after diving below 192.00
The GBP/JPY retreats late on Wednesday during the North American session and is down 0.27% as the market sentiment shifts sour.
Source: fxstreet.com