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How will US Dollar react to September inflation data? – LIVE
September Consumer Price Index (CPI) data from the US is set to ramp up the market volatility in the American session. Investors see virtually no chance of a 50 bps Fed rate cut in November but a strong inflation report could alter expectations.
EUR/USD stays weak below 1.0950 ahead of US CPI
EUR/USD maintains its offered tone and trades below 1.0950 after ECB Accounts failed to trigger a reaction on Thursday. Markets remain cautious and refrain from placing any fresh bets on the pair ahead of the US CPI report.
GBP/USD trades with caution below 1.3100, awaits US CPI
GBP/USD treads water below 1.3100 in the European trading hours on Thursday. The pair is unable to benefit from a pause in the US Dollar uptrend amid a tepid risk tone ahead of the key US CPI inflation data release.
Gold price bulls seem non committed as focus remains glued to US CPI report
Gold price attracts some buyers on Thursday and for now, seems to have snapped a six-day losing streak to a nearly three-week low, around the $2,605-2,604 area tested the previous day.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.