- News & Education
USD saw gains on Thursday with the US Dollar index (DXY) pushing above 104 before again finding resistance at the 100-day SMA. A rise in UST yields after a better than expected jobless claims figures. In data ahead Dollar traders will be focussing on the US CPI revisions.
EUR was mostly flat vs the Dollar with EURUSD trading down to 1.0750 before rebounding. ECB speak saw Wunsch state he sees some indications, not strong ones, that wage growth is softening, while Holzmann suggested there is a chance the ECB will not cut rates this year.
JPY was the G10 underperformer after commentary from BoJ officials that was perceived as dovish. Deputy Governor Uchida hinting that the BoJ will not aggressively hike rates, even after ending NIRP. USDJPY jumped to a high of 149.46 with the move higher in rate differential also lending support to this pair.
AUD and NZD sold off after softer than expected China inflation data. AUDUSD dropping back below the key 0.65 level, NZDUSD testing support at 0.6075 before retracing modestly. This also saw AUDNZD drop for a 4th straight session, down to 1.0650.
The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.