Hedge funds boost bearish yen bets after BOJ's dovish hike
The yen fell more than 1% against the dollar following the conclusion of the central bank’s meeting Tuesday, and is now set for a second weekly drop.
Source: japantimes.co.jp
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AUD/USD dips amid US inflation report, as Fed rate cut expectations recalibrate
The Australian Dollar printed back-to-back negative days during the week against the US Dollar, courtesy of a warm inflation report in the United States (US) that justified the Federal Reserve’s stance to be patient in cutting borrowing costs.
Source: fxstreet.com
EUR/USD Price Analysis: Stuck in a range below 100-hour SMA pivotal resistance
The EUR/USD pair continues with its struggle to gain any meaningful traction on Wednesday and oscillates in a narrow trading band below the 100-hour Simple Moving Average (SMA) during the Asian session.
Source: fxstreet.com
Hotter-than-expected inflation will likely call for caution at next week's FOMC meeting
Inflation in the US accelerated, not only in terms of monthly headline figure but everywhere, both core and headline, and both yearly and monthly figures came in hotter-than-expected.
Source: fxstreet.com
Forex Today: US Dollar post-CPI gains remain limited
Here is what you need to know on Wednesday, March 13: The US Dollar (USD) is having a tough time gathering recovery momentum early Wednesday.
Source: fxstreet.com