Share: USD/TRY fades latest run-up amid pre-data consolidation, edges lower around intraday bottom of late. Turkish inflation catalysts like CPI and PPI came in softer on YoY for June but PPI MoM jumped. Hawkish Fed Minutes, risk-off mood propel US Dollar and put a floor under Turkish Lira price. US ADP Employment Change, […]
Share: Japan’s top currency diplomat Masato Kanda said early Tuesday that he is communicating with various countries including the US over currencies, per Reuters. It’s worth noting that Japan Chief Cabinet Secretary Hirokazu Matsuno and Finance Minister (FinMin) Shunichi Suzuki have also recently flagged concerns about the Asian major’s market intervention as the […]
Share: EUR/USD consolidates recent losses but lacks recovery momentum after snapping two-day winning streak. ECB’s Centeno recently prod policy hawks even as Lagarde & Company kept rate hike bias intact. Fed’s Powell advocates for two rate increases in 2023, rules out rate cuts. German inflation data, second-tier US statistics eyed for clear directions. […]
