Australian Dollar Rebounds, RBA Expected to Lower Rates

The dollar index fell on Thursday, following overall slightly better than US data and warning from Japan’s authorities about possible action against sharp fall of yen. The US economy grew by 1.4% in Q1 vs expected 1.3% rise, weekly jobless claims fell below expectations and durable goods orders jumped well above forecast in May, while […]

Canadian employment jumps, wage growth falls USD/CAD edges lower The Canadian dollar has climbed higher in the North American session after the release of Canada’s December employment report. In the North American session, USD/CAD is trading at 1.3432, down 0.20%. Canada’s job growth beats forecast Canada usually posts employment reports on the same Friday as […]

U.S. Highlights The Federal Reserve’s preferred inflation metric, the core PCE index, continued to cool in August with the 3- and 6-month annualized trends converging closer to the Fed’s 2% target. Federal Reserve officials who spoke this week noted that the slowing labor market was a key consideration in their monetary policy decision last week […]