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The University of Michigan's preliminary consumer sentiment for August has been released at 10 am ET Friday. Following the data, the greenback advanced against its major counterparts. The greenback was trading at 1.0260 against the euro, 0.9431 against the franc, 1.2106 against the pound and 133.81...

The U.S. dollar was higher against its major counterparts in the European session on Friday, as investors hope that the Federal Reserve will continue raising rates in the coming months to combat inflation. San Francisco Fed President Mary Daly said on Thursday that a 50 basis-point hike would be...

stock apr05 12aug22 Upbeat corporate earnings helped European stocks rally, led by a rebound in healthcare, travel, leisure etc. Industrial output in the Euro Area increased. British economy contracting less than expected also helped shore up market sentiment. Inflation in France was confirmed at a 37-year high of 6.1% in July. Hawkish comments from some Fed officials also did not impact market sentiment heavily.

The pound climbed against its most major counterparts on Friday, as the U.K. economy contracted less than expected in the second quarter. Data from the Office for National Statistics showed that the GDP fell 0.1 percent quarter-on-quarter in the second quarter, after a revised 0.8 percent growth in...

The Australian dollar advanced against its most major counterparts in the European session on Thursday, as the demand for riskier assets improved on receding expectations for a larger rate hike from the U.S. Federal Reserve in the wake of a softer-than-expected U.S. inflation data. Official data showed...

The U.S. dollar weakened against its major counterparts in the European session on Thursday, although hawkish comments from Federal Reserve officials limited the losses in the currency. Overnight data showed that U.S. inflation eased to 8.5 percent year-on-year in July from 9.1 percent in June, in...

stock apr21 11aug22 Lower than expected readings of headline and core inflation in July from the U.S. helped revive sentiment in world markets as the anxiety surrounding massive rate hikes by the Fed eased considerably. However, disappointments on the earnings side kept European stock markets sober.

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...

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