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On Monday, Phillip Lane, chief economist of the European Central Bank (ECB), told the Financial Times in an interview that “what we are seeing now is enough to start cutting…

The dollar weakened on Friday after the University of Michigan released its 5-year consumer inflation forecast for May. The reading edged back to 3.0%, missing expectations of 3.1%. Although the…

Metals markets are giving back some of their recent gains as hopes of a rate cut fade. Minutes from the Federal Reserve’s latest policy meeting on Wednesday showed central bankers…

On Monday, Bank of Japan Governor Kazuo Ueda said that some challenges are unique to the Bank of Japan and that the Bank of Japan will proceed with the same…

In early Asian trading on Monday, EUR/USD traded in a positive area near 1.0850 for the second consecutive day. A stronger-than-expected preliminary Eurozone Purchasing Managers Index (PMI) for May provided…

AUD/USD traded higher at 0.6632 in early Asian trade on Monday. AUD/USD gains support on U.S. dollar weakness. Australian retail sales and consumer price index (CPI) will be in focus…

In early European trading on Friday, EUR/USD continued its decline to around 1.0808. Supported by a stronger U.S. Purchasing Managers Index, the U.S. dollar rebounded across the board, suppressing the…

The Purchasing Managers Index (PMI) data released by the United States on Thursday was higher than expected, and risk aversion sentiment increased, putting pressure on NZD/USD. The data strengthened the…

This week saw the release of some key Eurozone data that reinforced expectations that the European Central Bank (ECB) will begin to gradually ease monetary policy. Both the first-quarter labor…

On Friday, the Japanese yen continued to fall after weak national consumer price index (CPI) data released by the Statistics Bureau of Japan. Japan’s annual inflation rate fell to 2.5%…