Us dollar steady near recent highs, markets await data and fedspeak
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The Us dollar index remains stable around 106.50 after wednesday's modest gains. investors turn their attention to initial jobless claims, existing home sales for october, and regional manufacturing surveys from the philadelphia and kansas city federal reserve banks for november.
Cautious market sentiment supports the us dollar
The mixed mood in global markets, alongside steady us treasury bond yields at 4.4%, continues to provide mild support for the greenback. investors also anticipate speeches from fed policymakers, including beth hammack, austan goolsbee, and jeffrey schmid, during american trading hours for further guidance on monetary policy.
Usd/Jpy under pressure after boj comments
Bank of japan governor kazuo ueda emphasized the need for a meeting-by-meeting approach to monetary policy. he highlighted that exchange-rate movements are a key consideration in their economic and inflation forecasts. despite wednesday's 0.5% rise, usd/jpy trades below 155.00, reflecting bearish sentiment.
Euro consolidates near 1.0550
Eur/Usd remains range-bound, trading around 1.0550 following wednesday's decline. later in the session, the european commission's november consumer confidence data will offer further direction.
Gold continues upward momentum
Gold prices extended their gains for a third consecutive session, with xau/usd trading above $2,660 in the european morning, benefiting from safe-haven flows amid subdued dollar demand.
Usd/Cad stabilizes above 1.3950
After sharp declines earlier in the week, usd/cad regained footing with a modest rise on wednesday. markets await statistics canada's new housing price index for october, expected to influence short-term sentiment.
Gbp/Usd range-bound despite strong uk inflation
The pound failed to capitalize on robust uk inflation data, closing with slight losses on wednesday. early thursday, gbp/usd fluctuates near 1.2650 in subdued trading as traders await further cues.
Overall, the forex market remains cautious, with the us dollar steady ahead of key economic data and fed commentary, while gold and safe-haven currencies retain mild bids amid geopolitical uncertainties. --
Cautious market sentiment supports the us dollar
The mixed mood in global markets, alongside steady us treasury bond yields at 4.4%, continues to provide mild support for the greenback. investors also anticipate speeches from fed policymakers, including beth hammack, austan goolsbee, and jeffrey schmid, during american trading hours for further guidance on monetary policy.
Usd/Jpy under pressure after boj comments
Bank of japan governor kazuo ueda emphasized the need for a meeting-by-meeting approach to monetary policy. he highlighted that exchange-rate movements are a key consideration in their economic and inflation forecasts. despite wednesday's 0.5% rise, usd/jpy trades below 155.00, reflecting bearish sentiment.
Euro consolidates near 1.0550
Eur/Usd remains range-bound, trading around 1.0550 following wednesday's decline. later in the session, the european commission's november consumer confidence data will offer further direction.
Gold continues upward momentum
Gold prices extended their gains for a third consecutive session, with xau/usd trading above $2,660 in the european morning, benefiting from safe-haven flows amid subdued dollar demand.
Usd/Cad stabilizes above 1.3950
After sharp declines earlier in the week, usd/cad regained footing with a modest rise on wednesday. markets await statistics canada's new housing price index for october, expected to influence short-term sentiment.
Gbp/Usd range-bound despite strong uk inflation
The pound failed to capitalize on robust uk inflation data, closing with slight losses on wednesday. early thursday, gbp/usd fluctuates near 1.2650 in subdued trading as traders await further cues.
Overall, the forex market remains cautious, with the us dollar steady ahead of key economic data and fed commentary, while gold and safe-haven currencies retain mild bids amid geopolitical uncertainties. --