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Mexican Peso falls on mixed inflation data, strong US economy
The Forex Market· 3 days agoUS GDP data for Q2 2024 surpasses expectations, a headwind for the US Dollar. The Mexican Peso...
Japanese Yen appreciates due to risk-off flows
The Forex Market· 6 days agoThe Japanese Yen (JPY) extends its gains for the second successive session on Tuesday, which could be attributed to the increased risk aversion.
Mexican Peso recovers as carry-trade unwind fades
The Forex Market· 3 days agoThe Mexican Peso is strengthening as the effects of the unwinding carry trade diminish. Gains may be capped by continued bets that Banxico will cut...
EUR/USD holds steady ahead of key US inflation print
The Forex Market· 3 days agoEUR/USD continued to cycle 1.0850 on Thursday. Markets are bracing for one last blast of US inflation data on Friday. EUR/USD churned in familiar...
Gold Price Forecast: XAU/USD retains modest gains ahead of key US headlines
The Forex Market· 4 days agoXAU/USD trades in the $2,420 region, extending its recent recovery to $2,431.87 early in the...
Gold Forecast: XAU/USD set to challenge key $2,360 support ahead US Q2 GDP
The Forex Market· 4 days agoGold price is licking its wound, having seen a dramatic fall to near $2,370 in Asian trading after...
Gold price retreats beneath $2,400 as traders await US data
The Forex Market· 4 days agoGold touches $2,432, then stabilizes under $2,400, pressured by US 10-year yields at 4.274%. Gold...
WTI drops to near $77.00 due to increased ceasefire optimism between Israel and Hamas
The Forex Market· 5 days agoWTI price extends its losing streak due to increased optimism surrounding ceasefire negotiations in...
Gold price slides for fourth-straight day as US yields rise
The Forex Market· 6 days agoUS President Biden exits race and endorses VP Harris, creating political uncertainty and undermining...
US GDP expands at an annual rate of 2.8% in Q2 vs. 2% forecast
The Forex Market· 4 days agoFollow our live coverage of the US GDP report and the market reaction. Further details of the report showed that the Gross Domestic Product Price Index rose 2.3% in the second quarter, coming ...