Market News

Neel Kashkari emphasized that interest rates should remain elevated while policymakers closely monitor future inflation trends.

The release of CPI inflation data has heightened expectations of a Fed interest rate cut in September, causing the US dollar to plummet.

The AUDUSD is on the rise amid speculation about a potential rescue package for China's property market, but the rally could falter if the news proves to be false.

The majority of analysts expect the Consumer Price Index (CPI) to increase by just 0.3 percent in April 2024, a slowdown from the previous 0.4 percent.

The Pound Sterling has strengthened against various currencies, but experts caution against overemphasizing today's UK employment data.

Despite an increase in US unemployment claims, the US dollar remains resilient due to expectations of the Federal Reserve maintaining high interest rates.

The Bank of Japan's (BoJ) opinions suggest that many key members are advocating for a hike in Japanese interest rates, foreseeing a sustained or even surpassing inflation target.

The British Pound is facing downward pressure as many anticipate the BoE signaling a rate cut in its upcoming central bank meeting announcement.

Given the significant interest rate gap between Japan and the United States, the yen remains a favored currency for carry trades.

The Reserve Bank of Australia acknowledges greater challenges in reducing inflation but refrains from further interest rate hikes.