Yen leads the way as currencies recover | FX Research

The US dollar is lower across the board, taking hits from news of a less aggressive Trump tariff plan and softer US producer prices.

The Yen has found additional demand after the Bank of Japan Governor made hawkish comments, leaving the door open for another BOJ rate hike as early as this month.

In the UK, softer inflation data prevented the pound from extending its recent recovery rally, though overall setbacks were well supported. The rise in UK house prices at their fastest pace since February 2023 may have also provided some offset.

Looking ahead, we could see significant volatility in the North American session with the highlight economic release being US CPI. Other notable events include Canada manufacturing sales, New York Empire manufacturing, the Fed Beige Book, and some Fed speak.

For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.      

    

Economic Calendar

Most Traded

Trading Opportunities

Cooler heads prevail…at least for now | FX Research

Gold unstoppable? Hits 7th record high

Canadian dollar holds firm on strong jobs data | FX Research

Trade War Begins? China Strikes Back with Tariffs

Limited offer:

Get Free

The TraderKeys keyboard can take your gold trading to the next level, with preprogrammed hot keys enabling you easily execute and modify trades.

Join Now