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  • Investing.com

    Dollar steadies ahead of U.S. growth, inflation data

    The U.S. dollar steadied in early European trade Thursday near two-week highs, supported by rising yields and rising conviction the Federal Reserve will not cut interest rates anytime soon. A spate of stronger-than-expected economic data, hawkish comments from a number of Fed officials and a run of poorly received auctions have seen bond yields rise sharply, spurring a rush to the safest assets and boosting the dollar. Conviction is growing that the Fed will not cut interest rates any time soon, and traders are waiting for confirmation from Friday’s PCE price index data, the Fed’s preferred inflation gauge, that inflation remained sticky through April.

  • FX Empire

    USD/JPY Forecast – US Dollar Consolidates Against Yen

    The US Dollar continues to consolidate against the yen, as we are essentially taking a bit of a break at this point. However, the trend remains very much intact and bullish. I am a buyer only at this point.

  • FX Empire

    AUD/USD Forecast – Aussie Continues to Meander Overall

    The Aussie dollar continues to see a lot of nonsensical movement, as there isn’t any real direction that the market seems to be following. With this, we need to look at this pair as one that is short-term only at best.