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US PPI slows to 2.3% YoY, reigniting July Fed cut speculation.Trump reportedly considers removing Fed Chair Powell, adding to market volatility.UK CPI jumps to 3.6% YoY, the highest since January 2024, reducing BoE cut odds.The GBP/USD pair reverses its course and rallies as the latest US Producer Price Index (PPI) data reignites hopes of a rate cut by the Federal Reserve (Fed), while headlines suggest that US President Donald Trump may consider firing Fed Chair Jerome Powell. At the same time, inflation on the consumer side in the UK surprised investors, exceeding forecasts. At the time of writing, the pair…

The rupee declined 18 paise against the US dollar to close at 85.94 (provisional) on Wednesday, tracking a strengthening American currency against major crosses overseas amid uncertainties over the India-US trade pact.However, renewed foreign capital inflows and sliding global crude prices supported the domestic unit, according to forex traders.At the interbank foreign exchange, the rupee opened weak at 86.02 against the dollar. It traded in the range of 85.74-86.05 during the day before closing at 85.94 (provisional), down 18 paise from its previous close.In the previous session, the rupee appreciated 16 paise to close at 85.76 against the US dollar.…

The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices, weakening bets on rate cuts by the Federal Reserve, which lifted U.S. Treasury yields and the dollar. The rupee closed at 85.94 per U.S. dollar, down 0.1% from its close at 85.81 in the previous session. The dollar index was at 98.5, hovering close to a three-week high hit on Tuesday, while Asian currencies were flat-to-slightly lower.U.S. consumer prices rose by the most in five months in June, with higher prices for some goods suggesting that tariffs have started…

The USD/CAD price analysis shows a retreat from recent peaks. US inflation data confirmed that Trump’s tariffs have increased price pressures in the economy. Canada’s inflation increased from 1.7% in May to 1.9% in June. The USD/CAD price analysis shows a retreat from recent peaks as traders weigh the inflation figures from the US and Canada. US inflation accelerated more than expected in June, leading to a drop in Fed rate cut expectations. At the same time, inflation in Canada increased, lowering the chances of a BoC rate cut in July. –Are you interested in learning more about Forex robots?…

The rupee declined 22 paise to 85.98 against the US dollar in early trade on Wednesday amid a rise in global crude oil prices and a decline in exports and imports, which indicated a slowing economy. However, FPI inflows cushioned against steeper losses in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 86.02 against the dollar before inching up to 85.98, down 22 paise from its previous close. The rupee appreciated 16 paise to close at 85.76 against the US dollar, tracking a weak greenback in the overseas market and a decline…

EUR/USD accelerated into the low side on Tuesday after US CPI inflation flashed its first warning sign.Fed rate cut hopes are withering on the vine as rising price pressures shred investor optimism.EUR/USD backslid on Tuesday, falling over eight-tenths of one percent and tumbling into its lowest bids in nearly three weeks. Investors repriced their bets on a September rate cut from the Federal Reserve (Fed) after US Consumer Price Index (CPI) inflation rose in June, reversing deflationary progress.Rising prices sink Fed rate cut hopes U.S. Consumer Price Index (CPI) inflation increased gradually through the end of the second quarter. Although…

GBP/USD backslid again on Tuesday after US CPI clocked rising price pressures.The Pound Sterling is down nearly 3% against the Greenback in July.GBP/USD shed another two-thirds of one percent top-to-bottom on Tuesday, extending into an eighth consecutive day of Cable losses. The US Dollar (USD) caught a risk-off bid after US Consumer Price Index (CPI) inflation rose through June, reigniting fears of another pushback on the Federal Reserve’s expected pace of rate cuts through the year-end.US CPI up, rate cut hopes downUS CPI inflation crept up through the end of the second quarter. Even though the numbers mostly met or…

The Dow Jones fell on Tuesday, but still remains within recent consolidation.Equities backslid after US CPI inflation came in hotter in June, stoking Fed rate concerns.Large bank earnings also came in mixed or lower, forcing investor sentiment slightly lower.The Dow Jones Industrial Average (DJIA) fumbled on Tuesday, losing enough ground to knock the megacap index back below the previous week’s close, but still holding onto near-term consolidation levels. US Consumer Price Index (CPI) inflation showed price pressures are still on the wrong side of Federal Reserve (Fed) targets, knocking investor hopes for a summer rate cut even further back.Inflation: Back…

US CPI rises to 2.7% YoY, first meaningful jump in five months.Core inflation sticks at 2.9%, reinforcing Fed’s cautious stance.UK growth concerns deepen as BoE rate cut bets rise to two by year-end.The GBP/USD extended its losses to four consecutive days after the latest inflation report in the United States (US) showed signs of rising, the first indication that tariffs triggered a jump in prices. At the time of writing, the pair trades below 1.3400, down by 0.23%.Sterling extends losing streak to four days after hot US CPI fuels Fed hold bets and BoE cut expectationsThe US Bureau of Labor…

EUR/CHF remains locked in a descending triangle pattern, with price consolidating around 0.9300.The Euro remains under pressure against the Swiss Franc due to the bearish structure.Momentum indicators continue to reflect that bearish bias remains intact.The Euro (EUR) is trading in a narrow range against the Swiss Franc (CHF) on Tuesday, with price action consolidating near the 0.9300 mark. At the time of writing, EUR/CHF remains within a well-defined descending triangle pattern. The price is currently holding above support at 0.9293, the base of the triangle. A confirmed break below this level would expose the May low at 0.9280. On the…