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Dollar slides after US June CPI comes in below forecasts- GBP/USD charges above 1.2925
The US June CPI report has just been released. The markets were expecting a generally benign outcome from this data. The monthly reading for June Consumer Prices was forecast to rise by 0.1% from zero, but it has actually fallen by 0.1%. The core annualised rate has also come in below forecasts (+3.4%), rising by just 3.3%. The dollar has fallen back further on this news. The EUR/USD has lifted to above 1.0890 and the GBP/USD has shot to a new 2024 high above 1.2925 and clearly tripped stops above the previous high at 1.2894. The GBP/USD is right now trading at 1.2932
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EUR/USD takes out 1.0800 again
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S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
