
Euro Gains on Dollar as US Inflation Data Boosts Fed Rate Cut Hopes
The Euro gained against the U.S. dollar after key American inflation data remained steady, increasing market expectations for a Federal Reserve rate cut.
Marcus Thorne is a senior market analyst for Wealtoro, specializing in U.S. monetary policy, foreign exchange markets, and macroeconomic analysis. He provides data-driven insights on the Federal Reserve's impact on the dollar and global asset prices.
The Euro gained against the U.S. dollar after key American inflation data remained steady, increasing market expectations for a Federal Reserve rate cut.
Chicago Fed President Austan Goolsbee said that while interest rates are restrictive, the pace of any future cuts will be directly tied to inflation data.
Dallas Fed President Lorie Logan has called for the central bank to prepare a new benchmark interest rate, arguing the current federal funds rate is outdated.
The U.S. Dollar Index is rising as markets await the key PCE inflation report, a critical dataset that will influence the Federal Reserve's rate cut decisions.
The Federal Reserve is holding its benchmark interest rate steady, citing a lack of significant progress in bringing inflation down to its 2% target.
The British Pound fell to a three-week low against the US Dollar, as strong US economic data, including revised GDP, fueled a significant rally for the greenback.
The Pound Sterling is trading near 1.3450 against the U.S. Dollar as investors await key U.S. economic data on GDP, jobs, and manufacturing orders.
Bank of England Governor Andrew Bailey hints at further interest rate cuts dependent on inflation, as the UK labor market softens and consumers grow cautious.
The Japanese Yen weakened past the 148 level against the U.S. Dollar after data showed Japan's manufacturing sector contracted at its fastest pace in six months.
The Euro has fallen against the US dollar, dropping below 1.1780 as weak German business sentiment and growing market caution boost demand for safe-haven assets.
The British Pound recovered against a weaker U.S. Dollar following a Fed rate cut, but gains are limited by concerns over the UK's labor market and fiscal policy.
The USD/JPY currency pair has fallen below 148.00, influenced by mixed signals from U.S. Federal Reserve officials and political uncertainty in Japan.
The USD/CAD rate is holding above 1.3750 after the Bank of Canada cut rates to 2.50%. Analysts predict a stronger Canadian dollar by 2025.
The EUR/USD pair extended its losses for a fourth day, trading near 1.1730 as the U.S. Dollar strengthens on a cautious Federal Reserve outlook.
The USD/JPY currency pair is holding steady around the 148.00 level as traders weigh a cautious rate cut from the U.S. Fed against a surprising policy split at the Bank of Japan.
Economist Timothy Peterson warns that markets are underpricing the chance of rapid Fed rate cuts, which he predicts will cause a substantial price jolt for Bitcoin.
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