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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
Gold – Bulls Take a Breather Under New Multi-Week High Ahead of US Economic Data

Gold – Bulls Take a Breather Under New Multi-Week High Ahead of US Economic Data

Gold price edged lower from new 9-week high in early Thursday trading as positive impact from lower inflation in July started to fade while investors focus on US Producer Price Index data (due later today) which would provide more details about the Fed's policy outlook.

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Source: Action Forex
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Source: ExchangeRates News Agency
1 month ago
Forex Medium Importance
Pound to Dollar Price News, Forecast: Strong UK GDP Fails to Lift GBP

Pound to Dollar Price News, Forecast: Strong UK GDP Fails to Lift GBP

The Pound-Dollar exchange rate is holding below $1.35 after resilient UK GDP data, with Sterling unable to make significant headway against a broadly steady US Dollar. The Pound to US Dollar (GBP/USD) exchange rate remained under modest pressure on Thursday morning despite stronger-than-expected monthly UK growth data.

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Source: ExchangeRates
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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
The US Dollar Strengthens After Inflation Data: AUD/USD and USD/CAD at Key Levels

The US Dollar Strengthens After Inflation Data: AUD/USD and USD/CAD at Key Levels

The US dollar strengthened against commodity currencies following the release of July US inflation data. The annual Consumer Price Index (CPI) came in at 3.4%, exactly in line with forecasts and down from the previous 3.5%, while prices rose by 0.1% month-on-month.

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Source: Action Forex
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