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Fundamental News

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Powell: Fed Won't Raise Interest Rates Despite High Inflation

May 2 2024    
Federal Reserve Chair Jerome Powell dismissed the possibility of a rate hike but also refrained from indicating a clear path for a rate cut. Consequently, the US dollar weakened.

Eurozone Inflation Supports June Rate Cut

Apr 30 2024    
Despite stronger economic growth and inflation in the Eurozone, the prospect of an ECB rate cut in June remains on the table.

Japan Injects $35 Billion to Boost Yen

Apr 30 2024    
Following suspected government intervention from Japan, the bullish trend in USD/JPY appears to have temporarily paused, awaiting the next catalyst.

Yen Surges 500 Pips, Japan Suspected of Currency Intervention

Apr 29 2024    
USD/JPY reached its daily high at 160.23 and then plummeted to 155.04 within about 4-5 hours.

PCE Inflation Strong, US Dollar Rises

Apr 26 2024    
The PCE report confirmed stronger-than-expected inflationary pressures in the US, boosting the US dollar ahead of next week's FOMC meeting.

Japan Stays Calm as USD/JPY Hits Another Multi-Decade Record

Apr 26 2024    
The Bank of Japan's policy meeting outcome has left many disappointed, leading to renewed selling of the yen.

US Dollar on Edge Ahead of Tomorrow's PCE Data Release

Apr 25 2024    
Economic data signals slower growth in the US economy, yet inflation pressures remain unexpectedly high.

USD/JPY Breaks Through 155 Barrier, Hits Highest Level Since the 1990s

Apr 24 2024    
Despite persistent warnings from Japanese officials about potential currency intervention, USD/JPY climbed to its highest level since the mid-1990s at 155.17 in Wednesday's New York session.

AUD/USD Strengthens as Rate Cut Expectations Fade

Apr 24 2024    
Australian inflation data released this morning pushed back expectations for a Reserve Bank of Australia (RBA) rate cut from September to November, bolstering AUD/USD.

Dollar Pressured by PMI Data, USD/JPY Pushes Higher

Apr 24 2024    
Several upcoming agendas could serve as stronger catalysts for the US dollar and major pairs compared to yesterday's PMI data release.