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Fedâs Goolsbee warns hot inflation is no fluke as economy overheats
Chicago Federal Reserve (Fed) President Austan Goolsbee commented in an interview with Yahoo! Finance that inflation has been âwell above target,â and that Tuesday's Consumer Price Index (CPI) "wasnât a one-off.â
British Pound falls toward 1.3200 as Fed hawks outshine solid UK growth
The Pound Sterling prolongs its agony versus the US Dollar, diving for the third straight day and approaching the 1.3200 level, even as US jobless claims came in above forecasts, while UK Gross Domestic Product (GDP) data show the economy is growing steadily. The GBP/USD trades at 1.3224, down 0.4%.
Australian Dollar slides to 10-month low as Fed tightening bets gather pace
AUD/USD extends losses on Thursday, slipping to its lowest level since January as investors turn to the US Dollar (USD) for safety. Hawkish Federal Reserve (Fed) expectations lend further support to the Greenback. At the time of writing, the pair trades around 0.6808, down 0.60% on the day.
Euro struggles near May 2025 lows as Fed hawks keep Dollar supported
EUR/USD trades flat during Thursdayâs American trading hours as the US Dollar (USD) gives back some ground after hitting a fresh year-to-date high. At the time of writing, the pair trades around 1.1087, up from an intraday low of 1.1066, its weakest level since May 2025.
Fedâs Hammack says inflation is worsening, favors gradual hikes
Cleveland Federal Reserve (Fed) President Beth Hammack recognized on Thursday that the Fed is doing good work on the âjob side of the mandate,â but it âhas been missing on the inflation mandate for years.â
US President Donald Trump: âWe donât need a deal with Iranâ
US President Donald Trump said the US does not need a deal with Iran in one of several Truth Social posts on Thursday. In the same post, Trump said he had asked Vice President JD Vance to focus on what he described as widespread crime and corruption in Democratic-led cities and states.
US Initial Jobless Claims rose to 200K last week
According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 200K for the week ending November 7.
USD/JPY: Intervention risk caps upside â BBH
Brown Brothers Harrimanâs Elias Haddad highlights that USD/JPY has tested the 160.00 resistance area, reviving intervention concerns after Japanâs large summer FX operations. Officials warn recent currency moves have been too fast.
USD/CAD Price Forecast: RSI near 66 signals strong buying interest
USD/CAD is little changed on Thursday, holding near a one-month high. A broadly stronger US Dollar (USD) and diverging interest rate expectations for the Federal Reserve (Fed) and the Bank of Canada (BoC) keep the Canadian Dollar (CAD) on the back foot.
103.08: US Dollar Index hits a fresh year-to-date high as Fed hike bets build
The US Dollar (USD) has extended its upward trajectory across global foreign exchange markets, propelling the US Dollar Index (DXY) to a fresh year-to-date high of 103.08 and returning the currency to its April 2025 levels.
New Zealand Dollar steadies around 0.5550 as US Dollar bulls take a break
The New Zealand Dollar (NZD) is trading practically flat against the US Dollar (USD) on Thursday, holding losses after the last two daysâ reversal.
US Dollar: Rally cools as Fed talk eyed â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad notes the Dollar Index has retreated from its post-October CPI highs, with the USD rally seen as stretched versus rate differentials. He highlights that stagnant US real wages may cap expectations for a 50bps Fed hike in December.
Economists agree: ECB will hike rates to 2.75% in December, Reuters poll shows
The European Central Bank (ECB) is expected to raise its deposit rate by 25 basis points to 2.75% in December, according to a Reuters poll published on Thursday. All 71 economists surveyed expect a hike next month.