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Following the release of U.S. CPI for July at 8.30 am ET Wednesday, the greenback declined further against its major counterparts. The greenback was trading at 132.99 against the yen, 1.0312 against the euro, 1.2217 against the pound and 0.9422 against the franc around 8:32 am ET.

At 8.30 am ET Wednesday, U.S. CPI for July is set for release. Ahead of the data, the greenback dropped against its major counterparts. The greenback was worth 134.86 against the yen, 1.0256 against the euro, 1.2119 against the pound and 0.9481 against the franc as of 8:25 am ET.

stock feb15 10aug22 Anxiety surrounding the release of July month's reading of consumer price inflation in the U.S. gripped world markets. While the headline inflation is seen declining to 8.7 percent, from the high of 9.1 percent recorded in June, Core CPI, which the Fed tracks more keenly is seen rising to 6.1 percent from 5.9 percent recorded in June.

The Indian rupee appreciated against the U.S. dollar in late morning deals on Wednesday, as oil prices fell following an industry data showing an unexpected increase in U.S. crude inventories last week. Data from the American Petroleum Institute showed that U.S. crude inventories rose by 2.156 million...

The U.S. dollar was lower against its most major counterparts in the European session on Tuesday, as investors awaited U.S. inflation data for more clues about the pace of future rate hikes by the Federal Reserve. The headline inflation is seen slowing to 8.7 percent year-on-year in July, down from...

stock april22 09aug22 World markets remained sober ahead of the release of the inflation readings from the U.S. for the month of July, due on Wednesday.

The Australian dollar weakened against its major counterparts in the Asian session on Tuesday, as traders awaited U.S. inflation data for more clues on the pace of rate hikes by the Federal Reserve. The headline inflation is seen slowing to 8.7 percent year-on-year in July, down from 9.1 percent in...

The Canadian dollar strengthened against its most major counterparts in the European session on Monday amid risk appetite, as strong U.S. jobs data suggested that the economy is likely avoid a hard landing despite aggressive Fed tightening to control inflation. The U.S. economy added more jobs than...

The Japanese yen fell against its most major counterparts in the Asian session on Monday, amid prospects for a widening policy divergence between the U.S. Federal Reserve and the Bank of Japan. Friday's U.S. jobs data helped ease recession fears and intensified expectations for a more aggressive tightening...

The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as strong U.S. non-farm payrolls report intensified expectations for aggressive interest rate hikes by the Federal Reserve. Expectations for another 75 basis-point rate hike at the September meeting have grown following...

The Australian dollar was higher against its major counterparts in the late Asian session on Monday. The aussie rose to 0.6940 against the greenback and 0.8971 against the loonie, from its early lows of 0.6898 and 0.8926, respectively. The aussie firmed to a 4-day high of 1.4671 against the euro,...

After showing a strong move to the upside in morning trading on Friday, the U.S. dollar has given back some ground but remains firmly positive.

As expected, the Bank of England raised its key rate by 50 basis points to 1.75 percent from 1.25 percent. Following the decision, the pound weakened against its major counterparts. The pound was trading at 162.95 against the yen, 1.2134 against the greenback, 0.8391 against the euro and 1.1642 against...

The Bank of England's monetary policy announcement is due at 7:00 am ET Thursday. The BoE is widely expected to raise its key rate by 50 basis points to 1.75 percent from 1.25 percent. Ahead of the decision, the pound traded mixed against its major counterparts. While it held steady against the franc,...

stock oct28 04aug22 Markets remained firm despite worries of a large rate hike by the ECB in its August meeting. Easing geopolitical tensions also helped shore up the sentiment. Oil prices recovered after touching a multi-month low on demand concerns.

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