The US Dollar Index turns positive near 99.93 as traders await US PPI data and assess inflation risks ahead of Friday’s CPI report.
US Treasury yields hit fresh highs as oil prices approach $100, inflation fears grow and the Treasury’s $6 billion bond buyback disappoints.
The Australian Dollar keeps a gradual upside bias against the US Dollar, but UOB expects gains to remain limited within a capped trading range.
Gold stays below $4,400 as oil prices and global yields rise. XAU/USD faces bearish pressure, while traders watch key support near $4,300.
USD/CHF moves above 0.8100 as the Swiss Franc gives back gains, while traders await US inflation data and fresh Federal Reserve rate clues.
USD/JPY trades above 153.50 ahead of US inflation data, but the pair remains under bearish pressure as traders watch key technical levels.
WTI oil climbs above $92 as Gulf tensions intensify, raising concerns over shipping disruptions and tighter global crude supplies.
USD/CHF holds near 0.8100 as traders await US inflation data. Fed rate hike bets and geopolitical risks support the pair’s bullish outlook.
Gold rebounds toward $4,400 as the US Dollar weakens, but the broader bearish trend remains intact ahead of key US inflation data.
USD/CAD remains below 1.3800 as bearish pressure persists. Technical support near 1.3640 could determine the pair’s next move.
Silver rises to $66.58 as the weaker US Dollar supports demand, while traders watch interest rates, economic data and industrial demand for direction.
The US Dollar retreats as traders await key US inflation data, ECB policy decisions and fresh employment figures that could drive forex markets.
