| Date |
News |
| 12/11/2026 |
The US Dollar Index rose 0.655 yesterday, closing at 102.900. Following the stronger-than-expected inflation data and hawkish comments from Federal Reserve officials, market expectations for further Fed monetary tightening have increased, pushing short-term US Treasury yields higher. Markets are now closely watching for further guidance on the Fed’s future interest rate path and whether elevated energy prices will feed through into broader inflation.
Spot gold fell by USD 47.72 to USD 3,987.69 per ounce, while WTI crude oil fell by USD 0.01 to USD 86.240 per barrel.
The Australian dollar fell by 13 pips against the US dollar to 0.6847. Australian domestic economic data remained weak, with total new housing loan values plunging 15.5% in the third quarter, marking the largest quarterly decline on record. The sharp strengthening of the US dollar amid expectations of further Fed rate hikes, combined with the record fall in Australian housing finance highlighting cooling domestic demand and the property market, has limited the Australian dollar’s upside potential.
Key Economic Data For Today
Japan October Producer Price Index (YoY)
UK Q3 Preliminary GDP (QoQ)
UK September Industrial Production (YoY)
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Nov 12,2026 Great Forex Daily Market News
Thu, Nov 12,2026 Great Forex Daily Market News
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| 11/11/2026 |
The US Dollar Index rose 0.585 yesterday, closing at 102.245. Hawkish comments from Federal Reserve officials and stronger-than-expected US CPI data prompted markets to reassess the Fed’s future monetary policy path. Fed Governor Waller warned that if inflation continues to accelerate and core CPI reaches or exceeds 0.3%, he would support a 50-basis-point rate hike to maintain the Fed’s credibility. Renewed expectations of higher interest rates made the US dollar the strongest-performing major currency.
Spot gold fell by USD 105.32 to USD 4,032.73 per ounce, while WTI crude oil rose by USD 0.01 to USD 86.440 per barrel.
The Australian dollar fell by 59 pips against the US dollar to 0.6866. Weakness in Australian consumer confidence, business conditions and forward orders further weighed on the AUD. Although lower oil prices could help ease global inflationary pressures, this has not provided sufficient support to offset the impact of a stronger US dollar. The Australian dollar faced pressure from both weakening domestic fundamentals and broad-based US dollar strength, falling by nearly 1% overnight to 0.6862, making it one of the weaker-performing major currencies.
Key Economic Data For Today
US October Core CPI (YoY, NSA)
US October CPI (YoY, NSA)
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Nov 11,2026 Great Forex Daily Market News
Wed, Nov 11,2026 Great Forex Daily Market News
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| 10/11/2026 |
The US Dollar Index fell 0.6 to close at 101.660 yesterday. The DXY declined by approximately 0.5%, with the US dollar broadly weakening. Global risk sentiment improved significantly, with equity markets rebounding strongly from last week's sell-off. Meanwhile, Brent crude prices fell nearly 7% to below USD 92 per barrel on hopes of a potential de-escalation in the US-Iran conflict. Improving risk appetite encouraged flows into riskier assets, while demand for the US dollar as a safe-haven currency declined.
Spot gold rose USD 74.37 to USD 4,140.94 per ounce, while WTI crude oil fell USD 4.45 to USD 86.380 per barrel.
AUD/USD rose 55 pips to 0.6923. China's PPI increased 5.7% year-on-year, reaching its highest level in more than four years, mainly driven by higher commodity and electronics prices. Meanwhile, CPI rose by just 0.7% year-on-year, indicating that overall consumer inflation remained relatively subdued. The improvement in global risk sentiment, a weaker US dollar and fluctuations in commodity markets have collectively been key drivers of the Australian dollar's recent appreciation.
Key Economic Data For Today
China October Trade Balance
China October M2 Money Supply
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Tue, Nov 10,2026 Great Forex Daily Market News
Tue, Nov 10,2026 Great Forex Daily Market News
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| 09/11/2026 |
The US Dollar Index rose by 0.69 to close at 102.283 on Friday. US equities finished the week higher, with the Nasdaq gaining 1.1% and the S&P 500 rising 0.3%. US October non-farm payrolls significantly exceeded expectations, increasing by 165,000, while the unemployment rate fell to 4.1%. Following the employment data, US Treasury yields bear-flattened, with markets modestly increasing expectations for further Fed monetary tightening. Strong employment data and rising rate-hike expectations supported the US dollar, while other major currencies, including the euro, weakened.
Spot gold fell by USD 16.73 to USD 4,070.75 per ounce, while WTI crude oil declined by USD 0.86 to USD 90.340 per barrel.
AUD/USD fell by 66 pips to 0.6863. The Australian dollar recorded a sharp decline over the past week, making it the weakest-performing G10 currency. The fall was mainly driven by stronger-than-expected US economic data, heightened global risk aversion and a weaker outlook for Australian economic growth. This week, markets will focus on US CPI, China's trade and credit data, Australia's NAB Business Survey and the Westpac Consumer Confidence Index. These releases will help assess the US inflation and interest rate outlook, China's economic demand and domestic conditions in Australia, all of which could influence the Australian dollar.
Key Economic Data For Today
China October Consumer Price Index (CPI)
China October Producer Price Index (PPI)
Germany September Seasonally Adjusted Trade Balance
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Nov 09,2026 Great Forex Daily Market News
Mon, Nov 09,2026 Great Forex Daily Market News
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| 06/11/2026 |
The US Dollar Index fell by 0.003 to close at 101.590. US equities experienced a sharp sell-off, led by technology stocks. Amid rising risk aversion, investors moved into bonds and the US dollar, while the US 10-year Treasury yield retreated from its earlier highs. However, reduced expectations of further Fed rate hikes somewhat limited the US dollar's upside.
Spot gold rose by USD 24.70 to USD 4,088.80 per ounce, while WTI crude oil increased by USD 3.15 to USD 91.20 per barrel.
AUD/USD fell by 75 pips to 0.6929. Deteriorating global risk appetite, a stronger US dollar and weaker equity markets weighed on the Australian and New Zealand dollars, both of which fell by nearly 1% against the US dollar. The risk-averse market environment and safe-haven flows into the US dollar created significant downward pressure on the Australian dollar, pushing AUD/USD lower amid challenging market conditions.
Key Economic Data For Today
US Weekly Initial Jobless Claims (Seasonally Adjusted)
US October Global Supply Chain Pressure Index
Eurozone September Retail Sales (m/m)
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Nov 06,2026 Great Forex Daily Market News
Fri, Nov 06,2026 Great Forex Daily Market News
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| 05/11/2026 |
The US Dollar Index fell by 0.36 to close at 101.50. Following the Democrats' sweeping victory in the US midterm elections, markets initially weakened but subsequently staged a strong recovery in risk appetite. Falling oil prices eased inflation concerns, pushing US Treasury yields lower across the curve. The combination of lower oil prices, declining bond yields and improved risk sentiment weighed on the US dollar.
Spot gold rose by USD 1,125.68 to USD 4,063.99 per ounce, while WTI crude oil fell by USD 8.51 to USD 88.23 per barrel.
AUD/USD rose by 41 pips to 0.7005. A weaker US dollar and improved global risk appetite provided strong support for the Australian and New Zealand dollars, lifting AUD/USD back above the 0.70 level. The AUD and NZD were the strongest-performing major currencies. European equities also rallied sharply amid improved global risk sentiment, although energy stocks underperformed due to falling oil prices. Market attention has shifted from geopolitical risks towards lower oil prices, US dollar weakness and recovering risk appetite, all of which are providing near-term support for the Australian dollar.
Key Economic Data For Today
UK Official Bank Rate
US September Trade Balance
US October ADP Employment Change
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Nov 05,2026 Great Forex Daily Market News
Thu, Nov 05,2026 Great Forex Daily Market News
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| 04/11/2026 |
The US Dollar Index fell by 0.014 to close at 101.850. Overnight markets were influenced by developments in Middle East geopolitical tensions and diplomatic efforts, leading to significant volatility in oil prices. US equities were mainly supported by chip stocks, with Nvidia and Broadcom both rising by around 3%, while Apple fell by nearly 2%. The rebound in technology stocks supported risk sentiment, but uncertainty surrounding the Middle East remains elevated. Oil price volatility could also intensify global inflationary pressures and influence major central banks' monetary policy decisions.
Spot gold fell by USD 18.73 per ounce to 3930.09USD [price not provided], while WTI crude oil rose by USD 0.46 to USD 96.760 per barrel.
AUD/USD fell by 32 pips to 0.6965. As expected, the Reserve Bank of Australia (RBA) raised the cash rate by 25 basis points to 4.85% yesterday, with the accompanying statement taking a broadly hawkish tone and highlighting broad-based inflationary pressures. An RBA rate hike would typically enhance the Australian dollar's interest rate differential advantage. However, slowing economic growth and reduced guidance on further tightening may limit its upside potential. A slowdown in the renminbi's appreciation may also affect the relative performance of the Australian dollar against the Chinese yuan.
Key Economic Data For Today
New Zealand Employment Change
Australia Monthly Household Spending
US ADP Employment Report and ISM Services PMI
First Results from the US Midterm Elections
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Nov 04,2026 Great Forex Daily Market News
Wed, Nov 04,2026 Great Forex Daily Market News
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| 02/11/2026 |
The US Dollar Index rose by 0.07 to close at 101.950 on Friday. US equities fell sharply, primarily driven by renewed concerns over the returns on large-scale AI-related capital expenditure and negative free cash flow, putting significant pressure on technology stocks. The US 10-year Treasury yield edged lower, reflecting continued concerns over economic growth and the outlook for risk assets. The US midterm elections will take place next Tuesday and may also influence market sentiment and the direction of the US dollar.
Spot gold fell by US$147.1 to US$3,876.69 per ounce, while WTI crude oil rose by US$0.15 to US$102.950 per barrel.
AUD/USD fell by 25 pips to 0.7028. The Australian dollar traded slightly weaker overnight, while G10 currencies generally saw limited movement. In Japan, Tokyo CPI data is due today, followed by the Bank of Japan's policy decision, with markets widely expecting rates to remain unchanged. The European Central Bank kept its policy rate unchanged at 2.5%, as expected, while President Lagarde struck a relatively dovish tone. Markets are nevertheless pricing in an approximately 80% probability of an ECB rate hike in December.
Key Economic Data For Today
UK October Manufacturing PMI
France October Final Manufacturing PMI
Eurozone October Final Manufacturing PMI
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Nov 02,2026 Great Forex Daily Market News
Mon, Nov 02,2026 Great Forex Daily Market News
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| 30/10/2026 |
The US Dollar Index fell by 0.259 to close at 101.880. Overnight US economic data highlighted the resilience of the US economy, while expectations of further Fed tightening could support the US dollar. Q3 GDP grew at an annualised rate of 3.4%, slightly exceeding expectations and marking the fastest growth in a year. The Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, rose by 0.3% month-on-month, in line with expectations, reinforcing the case for the Fed to maintain a restrictive monetary policy stance and potentially supporting the US dollar.
Spot gold fell by USD 46.23 to USD 4,021.23 per ounce, while WTI crude oil rose by USD 0.90 to USD 102.860 per barrel.
AUD/USD fell by 25 pips to 0.7028. The Australian dollar traded slightly weaker overnight, while G10 currencies generally saw limited movement. In Japan, Tokyo CPI data is due today, followed by the Bank of Japan's policy decision, with markets widely expecting rates to remain unchanged. The European Central Bank kept its policy rate unchanged at 2.5%, as expected, while President Lagarde struck a relatively dovish tone. Markets are nevertheless pricing in an approximately 80% probability of an ECB rate hike in December.
Key Economic Data For Today
Japan September Unemployment Rate
Australia Q3 Producer Price Index (PPI)
Eurozone September Unemployment Rate
Canada August GDP
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Oct 30,2026 Great Forex Daily Market News
Fri, Oct 30,2026 Great Forex Daily Market News
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| 29/10/2026 |
The US Dollar Index fell by 0.241 to close at 102.139. As expected, the Federal Reserve held interest rates steady at 3.75%–4.00%. Chair Warsh struck a more balanced tone on inflation and productivity, pushing short-term US Treasury yields higher while weakening market conviction around a December Fed rate hike. Meanwhile, risks in the Middle East remained elevated, and a rebound in international oil prices brought energy-driven inflation risks back into focus.
Spot gold rose by USD 5.99 to USD 4,067.16 per ounce, while WTI crude oil increased by USD 1.77 to USD 101.940 per barrel.
AUD/USD rose by 30 pips to 0.7053. Strong domestic inflation and the RBA's hawkish stance significantly increased the probability of an interest rate hike in November, widening Australia's interest rate differential against other major currencies. The RBNZ's failure to meet hawkish market expectations triggered a sharp decline in the New Zealand dollar, driving strong capital flows into the Australian dollar. A rebound in commodities, including oil, also supported commodity-linked currencies, collectively driving the Australian dollar higher.
Key Economic Data For Today
US Q3 Advance Real GDP
US Q3 Advance Personal Consumption Expenditures (PCE) Price Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Oct 29,2026 Great Forex Daily Market News
Thu, Oct 29,2026 Great Forex Daily Market News
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| 28/10/2026 |
The US Dollar Index rose by 0.37 to close at 102.380. Risk appetite improved overnight, with US equities and credit markets rallying strongly, led by AI-related technology stocks. International oil prices remained elevated, while investors focused on the upcoming Federal Reserve rate decision. The Fed is expected to hold rates steady at this meeting, with the next 25-basis-point rate hike anticipated in December.
Spot gold rose by USD 41.79 to USD 4,060.13 per ounce, while WTI crude oil fell by USD 1.09 to USD 100.200 per barrel.
AUD/USD rose by 8 pips to 0.7024. Financial markets currently price in a 60% probability of a 25-basis-point rate hike by the Reserve Bank of Australia (RBA) at next week's meeting. Strong inflation data have increased expectations of near-term RBA tightening, further strengthening the Australian dollar's interest rate differential advantage over other currencies. Meanwhile, the rebound in global equity markets and improved risk sentiment have also supported the Australian dollar as a risk-sensitive currency.
Key Economic Data For Today
US September New Home Sales
Australia Q3 Consumer Price Index (CPI)
New Zealand Official Cash Rate (OCR)
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Oct 28,2026 Great Forex Daily Market News
Wed, Oct 28,2026 Great Forex Daily Market News
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| 26/10/2026 |
The US Dollar Index rose by 0.13 points on Friday, closing at 101.750. Risk sentiment weakened towards the end of last week as a sharp rise in oil prices reignited inflation concerns. US equities ended the week lower, although the energy sector outperformed, supported by higher oil prices. Markets will focus on key US releases this week, including Q3 GDP, core PCE inflation data, and the Federal Open Market Committee (FOMC) interest rate decision.
Spot gold fell by USD 27.62 to USD 3,997.79 per ounce, while WTI crude oil rose by USD 4.29 to USD 103.440 per barrel.
AUD/USD rose by 16 pips to 0.7035. Persistent hawkish signals from the Reserve Bank of Australia (RBA), together with increased market expectations of further Australian rate hikes, provided strong support for the Australian dollar. Rising commodity prices, particularly crude oil, also boosted commodity-linked currencies such as the AUD, CAD, and NOK. Against this backdrop, the Australian dollar was one of the strongest-performing G10 currencies, rising modestly on Friday and gaining approximately 1.3% over the week.
Key Economic Data For Today
Germany October IFO Business Climate Index
UK October CBI Distributive Trades Retail Sales Expectations Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Oct 26,2026 Great Forex Daily Market News
Mon, Oct 26,2026 Great Forex Daily Market News
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| 23/10/2026 |
The US Dollar Index fell by 0.06 points yesterday, closing at 101.630. The dollar initially strengthened amid turmoil in the French bond market but later erased its gains. Risk sentiment weakened overnight, while US Treasury yields fell, dampening expectations of further Fed rate hikes. US and global equity markets were weighed down by declining technology stocks, as investors questioned the sustainability and returns of massive investments in artificial intelligence. Meta’s forecast of tens of billions of dollars in additional future spending further intensified these concerns.
Spot gold fell by USD 119.63 to USD 4,024.26 per ounce, while WTI crude oil rose by USD 1.32 to USD 99.100 per barrel.
AUD/USD fell by 8 pips to 0.7019. Chinese equities performed poorly overnight, with the CSI 300 Index falling by 1.8% and officially entering a bear market, reflecting concerns about China’s economic recovery and commodity demand. Weakness in Chinese equities and broader global risk aversion initially put downward pressure on the Australian dollar. However, the AUD subsequently found support and recovered as the US dollar erased its earlier gains and expectations of further Fed rate hikes eased.
Key Economic Data For Today
Japan September National Consumer Price Index
UK September Retail Sales
Canada August Retail Sales
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Oct 23,2026 Great Forex Daily Market News
Fri, Oct 23,2026 Great Forex Daily Market News
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| 22/10/2026 |
The US Dollar Index fell by 0.01 points yesterday, closing at 101.690. US equities rebounded on the back of strong corporate earnings, with SpaceX delivering an impressive result and improving market risk sentiment. The tug-of-war between persistent inflation and underlying economic conditions has led to frequent shifts in market expectations for Fed rate hikes and cuts, driving significant short- to medium-term volatility in the US dollar. Concerns over slowing activity in the housing and consumer sectors have supported the dollar’s safe-haven appeal, while interest rate differentials between the Fed and other major central banks, including the RBA and ECB, remain key drivers of fluctuations and potential recoveries in major currency pairs such as EUR/USD and AUD/USD.
Spot gold rose by USD 14.98 to USD 4,141.10 per ounce, while WTI crude oil fell by USD 0.48 to USD 97.710 per barrel.
AUD/USD rose by 30 pips to 0.7027. The Australian dollar performed strongly, mainly supported by rising expectations of an RBA rate hike. These expectations provided support at times, helping the currency demonstrate resilience and recover against the US dollar. Although the labour market has shown signs of slowing or easing, core inflation expectations remain above the RBA’s target range, and the overall inflation outlook remains challenging. This has prompted the central bank to continue assessing whether tighter monetary policy is needed to control prices.
Key Economic Data For Today
UK October CBI Industrial Trends Orders
US Initial Jobless Claims
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Oct 22,2026 Great Forex Daily Market News
Thu, Oct 22,2026 Great Forex Daily Market News
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| 21/10/2026 |
The US Dollar Index fell by 0.289 points yesterday, closing at 101.701. Global markets remain affected by geopolitical tensions, which are pushing oil prices higher and increasing uncertainty over the inflation outlook. French political and fiscal risks have also widened European sovereign bond spreads. US equities performed relatively well overnight, recovering earlier losses. However, concerns about the outlook for the AI sector continued to weigh on technology stocks, with investors closely watching upcoming earnings reports from technology companies, including SpaceX and Meta.
Spot gold fell by USD 18.34 to USD 4,125.08 per ounce, while WTI crude oil fell by USD 0.06 to USD 98.180 per barrel.
AUD/USD rose by 23 pips to 0.7002. Escalating tensions in the Middle East and reduced tanker flows heightened concerns about oil supply. Brent crude briefly surged to USD 112 per barrel, its highest level in five months, before falling sharply on unconfirmed reports that the US and Iran were close to reaching an agreement. The reports were later confirmed to be inaccurate, and oil prices subsequently recovered from their intraday lows. If oil prices remain elevated, they could add to global inflationary pressures, influence central banks’ interest rate expectations, and affect the Australian dollar.
Key Economic Data For Today
UK September Consumer Price Index
US September NAR Pending Home Sales Index
UK September Producer Price Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Oct 21,2026 Great Forex Daily Market News
Wed, Oct 21,2026 Great Forex Daily Market News
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| 20/10/2026 |
The US Dollar Index fell by 0.02 points yesterday, closing at 101.990. US equities rebounded following last week’s technology-led sell-off, with chipmakers leading the gains as investors looked ahead to a busy earnings season. European equities weakened following weekend protests. Global bond yields rose broadly, reflecting ongoing market concerns about interest rate outlooks and inflation risks, which could affect equity valuations and the US dollar.
Spot gold fell by USD 19.69 to USD 4,140.45 per ounce, while WTI crude oil fell by USD 0.80 to USD 98.240 per barrel.
AUD/USD rose by 18 pips to 0.6981. Better-than-expected Chinese economic data, which exceeded market expectations by more than double, strengthened confidence in China achieving its 2026 economic growth target. This helped improve expectations for commodity demand and supported the Australian dollar. In New Zealand, the services sector remained in expansionary territory for the fourth consecutive month, while the trade deficit widened, largely driven by petroleum imports. The euro remained under pressure from political uncertainty in France, while hawkish comments from the Bank of Canada and rising expectations of a rate hike at its next meeting provided some support for the Canadian dollar.
Key Economic Data For Today
US October NAHB Housing Market Index
China’s One-Year Loan Prime Rate (LPR)
UK August Unemployment Rate
UK ILO Unemployment Rate (Three Months to August)
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Tue, Oct 20,2026 Great Forex Daily Market News
Tue, Oct 20,2026 Great Forex Daily Market News
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| 19/10/2026 |
The US Dollar Index fell by 0.12 points on Friday, closing at 101.770. US equities came under pressure from AI-related selling, leading to a significant increase in risk aversion. Speaking in Bangkok, Federal Reserve Chair Kevin Warsh reiterated the Fed’s commitment to price stability. Markets interpreted his failure to issue a hawkish warning as consistent with a possible pause in rate hikes in October. However, inflation concerns remain, with interest rate futures still pricing in an approximately 85% probability of at least one rate hike by the end of the year.
Spot gold fell by USD 7.97 to USD 4,164.05 per ounce; WTI crude oil rose by USD 2.90 to USD 99.040 per barrel.
AUD/USD rose by 23 pips to 0.6943. However, concerns about Australia’s economic growth and future interest rate outlook persist following weaker Australian employment data. Oil prices have continued to rise amid Ukrainian attacks on Russian refineries, tanker incidents, and risks to shipping through the Strait of Hormuz and energy infrastructure in the Middle East. Rising oil prices could intensify global inflationary pressures and influence major central banks’ monetary policy expectations. Iron ore prices rose by 1.5% on Friday, providing some support for Australian resource exports.
Key Economic Data For Today
China’s Q3 GDP
China’s September Retail Sales
CA CPI YoY
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Oct 19,2026 Great Forex Daily Market News
Mon, Oct 19,2026 Great Forex Daily Market News
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| 16/10/2026 |
The US Dollar Index fell by 0.54 to close at 101.980. US producer prices (PPI) rose in September at the fastest pace in more than four years, mainly driven by higher energy costs. Core PPI increased by 0.7% month-on-month, above market expectations, indicating persistent underlying inflationary pressures. US headline retail sales also exceeded expectations, largely driven by increased gasoline sales. Against this backdrop, market expectations for a Federal Reserve rate hike in October eased, reducing interest rate support for the US dollar to some extent.
Spot gold rose by USD 64.67 to USD 4,170.58 per ounce, while WTI crude oil increased by USD 2.36 to USD 97.550 per barrel.
AUD/USD fell by 50 pips to 0.6920. Australia’s labour market weakened significantly in September, with the unemployment rate rising to 4.7%, above market expectations. The weaker employment data heightened concerns about a slowdown in the Australian economy, while expectations of an RBA rate hike declined sharply following the release, putting downward pressure on the Australian dollar. Meanwhile, persistent US producer price inflation could limit the Federal Reserve’s scope to cut interest rates, adding further pressure on AUD/USD.
Key Economic Data For Today
Speech by Beth Hammack, President of the Federal Reserve Bank of Cleveland
Eurozone September final Consumer Price Index (CPI)
Eurozone September seasonally adjusted trade balance
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Oct 16,2026 Great Forex Daily Market News
Fri, Oct 16,2026 Great Forex Daily Market News
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| 15/10/2026 |
The US Dollar Index rose by 0.34 to close at 102.54 yesterday. US core CPI increased by 3.7% year-on-year, above market expectations of 3.6%, indicating that inflationary pressures remain persistent. Following the inflation data, US Treasury yields initially surged but subsequently gave back much of their gains, eventually returning to levels close to where they started the session. The stronger-than-expected inflation data reinforced expectations that the Federal Reserve would maintain a restrictive monetary policy, supporting the US dollar while putting pressure on US equities.
Spot gold fell by USD 56.77 to USD 4,105.20 per ounce, while WTI crude oil rose by USD 0.42 to USD 95.170 per barrel.
AUD/USD fell by 11 pips to 0.6971. China's export growth was stronger than market expectations. As a key trading partner of Australia, improved Chinese export demand and industrial activity could boost expectations for demand for Australian commodities, such as iron ore, providing some support for the Australian dollar. However, higher-than-expected US inflation, a stronger US dollar and increased expectations of Federal Reserve rate hikes enhanced the relative attractiveness of the US dollar, limiting the Australian dollar's upside and leaving AUD/USD slightly lower.
Key Economic Data For Today
Australia's September seasonally adjusted unemployment rate
UK's August trade balance in goods
US weekly initial jobless claims, seasonally adjusted"
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Oct 15,2026 Great Forex Daily Market News
Thu, Oct 15,2026 Great Forex Daily Market News
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| 13/10/2026 |
The US Dollar Index rose yesterday, closing at 102.57. Geopolitical tensions continued to dominate market sentiment, with the ongoing Russia-Ukraine conflict and heightened tensions in the Middle East fuelling concerns over global energy supplies. As a result, Brent crude rose around 2% to US$106 per barrel. The US dollar was supported by safe-haven demand and persistent inflation concerns. Meanwhile, Cleveland Fed President Beth Hammack reiterated that inflation pressures remain broad-based and that monetary policy should stay restrictive, reinforcing expectations that the Federal Reserve will keep interest rates elevated for longer. US equity performance was mixed, with the Dow Jones posting gains while weakness in technology stocks weighed on the Nasdaq.
Spot gold fell US$22.64 to US$4,167.95 per ounce, while WTI crude oil rose US$1.33 to US$93.16 per barrel.
AUD/USD fell 9 basis points to 0.6959. The Australian dollar briefly climbed to 0.6995 before retreating to around 0.6957, mainly due to a stronger US dollar and rising safe-haven demand. Meanwhile, improved demand signals from China supported modest gains in copper and iron ore prices, providing some support for the Australian dollar. In the near term, AUD is expected to remain driven by US dollar performance, Fed policy expectations, geopolitical developments and Chinese economic data.
Key Economic Data For Today
Japan September Domestic Corporate Goods Price Index (CGPI)
Australia September NAB Business Confidence
Germany September Final CPI
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Tue, Oct 13,2026 Great Forex Daily Market News
Tue, Oct 13,2026 Great Forex Daily Market News
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| 09/10/2026 |
The US Dollar Index fell yesterday, closing at 102.12. Tensions in the Middle East remained elevated, with Iran intensifying attacks in and around the Strait of Hormuz, pushing oil prices to USD106 per barrel. Oil prices subsequently retreated to around USD104/bbl after Trump said the US was having productive discussions with Iran and would not attack Iran before the midterm elections, although prices remained up 3.9% for the day. Meanwhile, Fed official Waller indicated that the Fed was unlikely to raise rates later this month unless significant economic data or an unexpected shock changed the outlook. Markets are pricing in around a 15% chance of an October rate hike, while a 25bp hike in December is almost fully priced in. Additionally, weakness in technology stocks weighed on US equities, with the S&P 500 falling 0.7% and the Nasdaq declining 1.5%, reflecting concerns about the outlook for the AI sector.
Spot gold rose by USD34.42 to USD4,142.66 per ounce, while WTI crude oil gained USD2.18 to USD91.18 per barrel.
AUD/USD fell by 4 pips to 0.6956. The Australian dollar remained relatively stable amid market fluctuations, trading around 0.6960. Easing expectations for a near-term Fed rate hike may provide some support for the AUD. However, persistent Middle East tensions, elevated oil prices and shifts in risk sentiment driven by weakness in technology stocks may continue to influence its performance. In the near term, the AUD is likely to remain sensitive to movements in the US dollar, Fed rate expectations and global risk appetite.
Key Economic Data For Today
US August Wholesale Sales
France August Industrial Production
Canada September Unemployment Rate
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Oct 09,2026 Great Forex Daily Market News
Fri, Oct 09,2026 Great Forex Daily Market News
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| 06/10/2026 |
The US Dollar Index edged higher yesterday, closing at 102.13. US non-farm payrolls increased by only 29,000 in September, well below market expectations. The unemployment rate rose to 4.2%, monthly wage growth slowed to 0.1%, and annual wage growth eased to 3.0%, the lowest level in five years, suggesting further cooling in the labour market. Markets have further scaled back expectations for additional Fed tightening, with only around 6 basis points of tightening priced for October. However, the ISM Services PMI remained in expansionary territory at 54.9, while the prices paid component climbed to its highest level since July 2022, indicating that inflationary pressures in the services sector remain elevated. Meanwhile, the US 10-year and 30-year Treasury yields briefly reached fresh 24-year highs before easing slightly.
Spot gold fell US$1.99 to US$4,140.79 per ounce, while WTI crude oil fell US$2.47 to US$89.30 per barrel.
AUD/USD rose 21 basis points to 0.6971. The Australian dollar outperformed most major currencies, rising around 0.3% on Monday and gaining approximately 0.6% since last Thursday to trade near 0.6970. Despite elevated US Treasury yields and a firmer US dollar, the Australian dollar remained relatively resilient, reflecting an improvement in overall market risk sentiment. In the near term, AUD is expected to be driven by Fed policy expectations, US economic data and broader global risk sentiment.
Key Economic Data For Today
Eurozone August Retail Sales
Canada August Trade Balance
US August Trade Balance
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Tue, Oct 06,2026 Great Forex Daily Market News
Tue, Oct 06,2026 Great Forex Daily Market News
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| 05/10/2026 |
The US Dollar Index fell on Friday, closing at 101.93. US non-farm payrolls increased by only 29,000 in September, well below market expectations, while employment figures for the previous two months were revised sharply lower, pointing to a noticeable cooling in the labour market. Markets subsequently lowered the probability of a Federal Reserve rate hike in October to around 23%, helping lift US equities. However, the US dollar and Treasury yields remained relatively elevated, continuing to weigh on gold prices. Markets now widely expect the Fed to keep rates unchanged in October, although another rate hike in December remains possible.
Spot gold fell US$32.35 to US$4,142.96 per ounce, while WTI crude oil fell US$2.20 to US$91.26 per barrel.
AUD/USD rose 27 basis points to 0.6955. The Australian dollar was supported by weaker-than-expected US employment data, which improved overall market risk sentiment. However, developments in the Middle East continued to dominate market sentiment, with Iran stating that the Strait of Hormuz would not reopen until certain conditions are met. Ongoing geopolitical risks and elevated oil prices could continue to support the US dollar and limit further gains in the Australian dollar. In the near term, AUD is expected to remain driven by Fed policy expectations, US dollar performance and developments in the Middle East.
Key Economic Data For Today
Singapore Q2 Final Seasonally Adjusted GDP
Germany September Final Composite PMI
Eurozone August Producer Price Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Oct 05,2026 Great Forex Daily Market News
Mon, Oct 05,2026 Great Forex Daily Market News
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| 02/10/2026 |
The US Dollar Index rose yesterday, closing at 102.03, its highest level of 2026, supported by concerns over Europe's fiscal outlook and safe-haven demand. The US September ISM Manufacturing PMI eased slightly to 54.5, marginally below market expectations, but continued to indicate solid expansion in the manufacturing sector. Markets further reduced the probability of an October Fed rate hike to around 30%, although approximately 25 basis points of additional tightening are still priced in by year-end. Meanwhile, the US 10-year Treasury yield briefly rose to a new cycle high of 5.34% before easing back to around 5.22%. In addition, The Wall Street Journal reported that the US is deploying a third aircraft carrier strike group to the Middle East and that military action against Iran could resume by the end of November, keeping geopolitical risks elevated.
Spot gold rose US$22.25 to US$4,178.39 per ounce, while WTI crude oil gained US$2.51 to US$92.91 per barrel.
AUD/USD fell 13 basis points to 0.6930. Australia's August trade surplus narrowed to A$0.5 billion, below market expectations, mainly due to a surge in imports of data centre-related capital equipment. The Australian dollar briefly fell to 0.6904 before recovering to around 0.6925, but remained under pressure from a stronger US dollar and narrower Australia-US yield differentials. In the near term, the Australian dollar is expected to remain driven by US dollar movements, Australian economic data, oil prices and overall global risk sentiment.
Key Economic Data For Today
US August Construction Spending
US September ISM Manufacturing PMI
Japan August Unemployment Rate
US September Unemployment Rate
US September Non-Farm Employment Change
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Oct 02,2026 Great Forex Daily Market News
Fri, Oct 02,2026 Great Forex Daily Market News
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| 01/10/2026 |
The US Dollar Index fell yesterday, closing at 101.50. Softer-than-expected US inflation data provided some relief for the Federal Reserve, with core PCE rising just 0.2% in August and annual core inflation revised down to 3.0%. Markets subsequently reduced the probability of an October Fed rate hike to around 37%. Meanwhile, the US economy continued to show resilience, with Q2 annualised GDP growth revised up to 2.2%, while stronger consumer spending and ADP employment data reinforced the view that economic activity remains solid despite higher interest rates. US Treasury yields continued to rise, reflecting stronger long-term growth expectations rather than expectations of an imminent Fed rate hike.
Spot gold fell US$26.64 to US$4,156.16 per ounce, while WTI crude oil rose US$1.34 to US$90.34 per barrel.
AUD/USD fell 41 basis points to 0.6943. Australian inflation came in weaker than expected, with broad-based softness across several categories suggesting that the stronger July reading was largely seasonal. As a result, markets further pared expectations for additional RBA tightening. The narrowing Australia-US yield differential weighed on the Australian dollar, pushing it below 0.6950. Although oil prices remained supported by ongoing Middle East tensions, the gradual recovery in shipping through the Strait of Hormuz helped limit further gains in energy prices.
Key Economic Data For Today
France September Final Manufacturing PMI
Germany September Final Manufacturing PMI
UK September Manufacturing PMI
Eurozone August Unemployment Rate
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Oct 01,2026 Great Forex Daily Market News
Thu, Oct 01,2026 Great Forex Daily Market News
|
| 28/09/2026 |
The US Dollar Index fell on Friday, closing at 100.97. Oil prices declined by more than 2% as markets grew optimistic that the US and Iran could reach a phased agreement to reopen the Strait of Hormuz and ease restrictions on Iranian ports. The improvement in sentiment lifted US equities and pulled US Treasury yields back from recent highs. However, the 30-year US Treasury yield still ended at its highest level since 2004. Although President Trump rejected Iran’s latest proposal, he indicated that negotiations would continue this week, with markets remaining focused on developments in the Middle East.
Spot gold rose US$8.13 to US$4,287.25 per ounce, while WTI crude oil fell US$2.31 to US$92.44 per barrel.
AUD/USD rose 14 basis points to 0.7025. The Australian dollar was supported by a modest pullback in the US dollar from its near two-month highs, largely driven by strength in the Japanese yen. However, weaker commodity prices, including declines in copper and iron ore, may limit further gains in the Australian dollar. In the near term, AUD is expected to remain driven by US dollar movements, global risk sentiment, developments in the Middle East, and commodity price trends.
Key Economic Data For Today
Japan August Corporate Services Price Index
China August Industrial Profits
Canada National Economic Confidence Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Sep 28,2026 Great Forex Daily Market News
Mon, Sep 28,2026 Great Forex Daily Market News
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| 24/09/2026 |
The US Dollar Index was unchanged yesterday, closing at 101.12. Stronger-than-expected US PMI data pointed to a reacceleration in economic activity, with the composite PMI rising to a more than five-year high of 58.4. Both manufacturing and services strengthened, while employment and input cost measures also increased, reinforcing concerns that inflation pressures may remain elevated. Meanwhile, a weakly received US 5-year Treasury auction pushed Treasury yields sharply higher, with the 5-year yield rising above 5% for the first time since 2007. Markets are now pricing around a 70% probability of a 25bp Fed rate hike in October, while Fed Governor Michael Barr said that further policy tightening will likely be required to bring inflation back to target.
Spot gold fell US$72.78 to US$4,290.63 per ounce, while WTI crude oil rose US$2.82 to US$92.71 per barrel.
AUD/USD fell 75 basis points to 0.7034. A stronger US dollar and rising expectations of further Fed tightening pushed the Australian dollar down by around 1%, with the pair briefly touching a low of 0.7026. At the same time, renewed tensions in the Middle East pushed oil prices back above US$100 per barrel and weighed on overall market risk sentiment, leading to declines in US equities. In the near term, the Australian dollar is expected to remain driven by Fed policy expectations, global risk sentiment and commodity price movements.
Key Economic Data For Today
Australia August Employment Change / Unemployment Rate
US Initial Jobless Claims
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Sep 24,2026 Great Forex Daily Market News
Thu, Sep 24,2026 Great Forex Daily Market News
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| 23/09/2026 |
The US Dollar Index rose yesterday, closing at 100.56. US President Donald Trump delivered a speech at the United Nations, sending mixed signals on Iran by suggesting both the possibility of a negotiated agreement and further pressure. He also said recent talks between US and Iranian officials had been productive and that another meeting would take place soon, keeping markets focused on developments in the Middle East. Meanwhile, Saudi Arabia reported that repairs to its East-West oil pipeline were nearing completion, with crude shipments through the Red Sea expected to resume by the end of the week. This helped push international oil prices down by around 2%, easing concerns over energy supply.
Spot gold rose US$4.76 to US$4,364.33 per ounce, while WTI crude oil fell US$2.10 to US$89.85 per barrel.
AUD/USD fell 2 basis points to 0.7114. RBA Governor Michele Bullock said the Australian economy continues to face excess demand and overlapping supply shocks, with inflationary pressures yet to ease. She noted that an unemployment rate of 4.5% is still too low, suggesting a rate between 4.5% and 5.0% would be more consistent with reducing inflation pressures. Markets continue to price around a 90% probability of a 25bp RBA rate hike in September, with her hawkish comments reinforcing expectations that Australian interest rates will remain higher for longer.
Key Economic Data For Today
France September Manufacturing PMI
Germany September Manufacturing PMI
Eurozone September Manufacturing PMI
UK September Manufacturing PMI
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Sep 23,2026 Great Forex Daily Market News
Wed, Sep 23,2026 Great Forex Daily Market News
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| 21/09/2026 |
The US Dollar Index was little changed yesterday, closing at 100.22. US equities posted modest gains on Friday, while the US dollar finished the session broadly unchanged. Global government bond yields moved higher, with the spread between French and German 10-year government bonds widening to its highest level in 14 years, reflecting growing concerns over European fiscal risks. Oil prices remained around US$103 per barrel, gold traded within a narrow range, and copper prices continued to rise.
Spot gold rose US$35.44 to US$4,378.17 per ounce, while WTI crude oil fell US$1.01 to US$95.47 per barrel.
AUD/USD rose 15 basis points to 0.7124. The Reserve Bank of Australia stated that recent data suggest upside inflation risks are beginning to materialise. Although economic growth is slowing, inflation is not expected to return to the midpoint of the target range until late 2027. Markets have now almost fully priced in a 25bp RBA rate hike at the end of the month. While the RBA's hawkish stance supported the Australian dollar, a steady US dollar limited further gains.
Key Economic Data For Today
US August ISM Manufacturing PMI
Australia Q2 GDP
New Zealand Official Cash Rate
US August ADP Employment Change
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Sep 21,2026 Great Forex Daily Market News
Mon, Sep 21,2026 Great Forex Daily Market News
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| 18/09/2026 |
The US Dollar Index fell yesterday, closing at 100.24. Market sentiment improved following the FOMC meeting, with the S&P 500 gaining around 1% and technology and semiconductor stocks leading the rally. Markets are pricing around a 50% chance of another Federal Reserve rate hike in October, with approximately 32 basis points of additional tightening expected by year-end. Meanwhile, the US 10-year Treasury yield fell back below 5%, while oil prices briefly declined on signs that Saudi Arabia was restoring capacity on its East-West pipeline before rebounding on renewed Middle East tensions.
Spot gold rose US$72.88 to US$4,344.52 per ounce, while WTI crude oil fell US$1.09 to US$101.09 per barrel.
AUD/USD rose 24 basis points to 0.7110. The Australian dollar recovered above 0.7100, retracing part of its post-FOMC losses as the US dollar stabilised. With no major Australian economic data released, the AUD is expected to remain driven by Fed policy expectations, US dollar movements and developments in the Middle East.
Key Economic Data For Today
US August NAR Pending Home Sales Index
Japan August National Consumer Price Index (CPI)
UK August Retail Sales
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Sep 18,2026 Great Forex Daily Market News
Fri, Sep 18,2026 Great Forex Daily Market News
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| 17/09/2026 |
The US Dollar Index rose yesterday, closing at 100.27. The Federal Reserve unanimously raised interest rates by 25 basis points to 3.75%–4.00%, with Chair Kevin Warsh stressing that inflation remains too high and that monetary policy must stay restrictive to restore price stability. The latest dot plot showed that most policymakers expect at least one more rate hike this year. Meanwhile, US August retail sales came in well above expectations, highlighting resilient consumer demand, which lifted the US dollar and Treasury yields while US equities reversed from gains to losses.
Spot gold fell US$10.67 to US$4,272.96 per ounce, while WTI crude oil declined US$3.42 to US$102.02 per barrel.
AUD/USD fell 39 basis points to 0.7087. The Australian dollar came under significant pressure from the Fed’s hawkish stance and broad US dollar strength, falling from around 0.7130 to a low near 0.7075. Markets have repriced Fed expectations and now anticipate further tightening by year-end. In the near term, a stronger US dollar and higher global interest rates are likely to continue weighing on the Australian dollar, although lower oil prices may help ease some inflation pressures.
Key Economic Data For Today
US Federal Funds Target Rate
Eurozone August Final Consumer Price Index (CPI)
UK Official Bank Rate
US Initial Jobless Claims
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Sep 17,2026 Great Forex Daily Market News
Thu, Sep 17,2026 Great Forex Daily Market News
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| 15/09/2026 |
The US Dollar Index rose yesterday, closing at 99.49. Oil prices were highly volatile after the shutdown of Saudi Arabia’s East-West pipeline briefly pushed Brent crude close to US$110 per barrel, before easing to around US$105 following reports that President Trump said Russia and Ukraine had agreed to avoid targeting energy infrastructure. Higher oil prices initially lifted the US 10-year Treasury yield above 5%, while markets continued to fully price a Federal Reserve rate hike this week. Elevated oil prices and higher interest rates weighed on US equities, with both the S&P 500 and NASDAQ falling around 0.5%.
Spot gold fell US$44.41 to US$4,288.29 per ounce, while WTI crude oil declined US$0.36 to US$101.89 per barrel.
AUD/USD fell 17 basis points to 0.7139. RBA Assistant Governor Sarah Hunter said inflation remains above target, household spending and business investment have remained resilient, and upside inflation risks persist. Markets are currently pricing around a 76% chance of a 25bp RBA rate hike this month. However, a stronger US dollar and increased risk aversion weighed on the Australian dollar, which briefly fell to around 0.7100 before recovering to 0.7140.
Key Economic Data For Today
China August Industrial Production
China August Retail Sales
UK July Unemployment Rate
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Tue, Sep 15,2026 Great Forex Daily Market News
Tue, Sep 15,2026 Great Forex Daily Market News
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| 11/09/2026 |
The US Dollar Index rose yesterday, closing at 99.10. US August PPI increased 0.4% m/m, while core PPI rose 0.2%, broadly in line with market expectations, indicating that higher energy prices remain the main driver of inflation. Meanwhile, renewed tensions in the Middle East pushed Brent crude above US$107 per barrel, while the US 10-year Treasury yield climbed to its highest level since October 2023, supporting a stronger US dollar and weighing on major non-US currencies, including the Australian dollar.
Spot gold fell US$75.52 to US$4,318.55 per ounce, while WTI crude oil rose US$7.05 to US$103.93 per barrel.
AUD/USD rose 2 basis points to 0.7217. The Australian dollar remained above 0.7200, supported by stronger commodity prices and growing expectations of further RBA policy tightening. China's August inflation data also improved, with both producer and consumer prices rising from previous levels. Although the increase was largely driven by higher energy costs rather than stronger domestic demand, the data helped improve confidence in China's economic outlook and provided additional support for the Australian dollar. However, persistently higher global bond yields and oil prices may continue to limit further gains in the AUD.
Key Economic Data For Today
UK July Industrial Production
UK July Trade Balance
US August Consumer Price Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Sep 11,2026 Great Forex Daily Market News
Fri, Sep 11,2026 Great Forex Daily Market News
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| 09/09/2026 |
The US Dollar Index fell, closing at 98.86. Market activity remained relatively subdued following the US holiday, while tensions in the Middle East stayed elevated. Brent crude briefly approached USD 99.50 per barrel amid attacks by Iran-backed Houthi forces on Saudi energy infrastructure and concerns over risks around the Strait of Hormuz. Rising oil prices heightened risk-off sentiment and weighed on US equities, with the S&P 500 falling 0.6%. US Treasury yields edged higher, with the 10-year yield approaching 4.80%.
Spot gold fell by USD 56.07 to USD 4,355.41 per ounce, while WTI crude oil rose by USD 1.99 to USD 94.25 per barrel.
The Australian dollar fell by 1 basis point against the US dollar to 0.7216. RBA Deputy Governor Andrew Hauser said inflation remained “too high” and warned that tensions in the Middle East, AI-related demand and weak productivity could create upside inflation risks. Assistant Governor Sarah Hunter also said the Board could consider further interest-rate increases if inflation comes in above expectations. The Australian dollar remained broadly stable, supported by the RBA’s hawkish tone, while AUD/NZD rose above 1.23 to its highest level in 13 years.
Key Economic Data For Today
China CPI and PPI
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Sep 09,2026 Great Forex Daily Market News
Wed, Sep 09,2026 Great Forex Daily Market News
|
| 07/09/2026 |
The US Dollar Index rose 0.15 to close at 99.15. US nonfarm payrolls increased by 162,000 in August, well above market expectations, while the unemployment rate remained at 4.1% and average hourly earnings rose in line with forecasts, highlighting the continued resilience of the US labour market. Markets are now pricing around a 60% chance of a Federal Reserve rate hike next week, although the upcoming August CPI report is expected to be the key factor in the Fed’s decision. Meanwhile, ongoing tensions in the Middle East have kept oil prices elevated, reinforcing concerns about persistent inflation.
Spot gold fell US$44.68 to US$4,430.96 per ounce, while WTI crude oil rose US$0.45 to US$91.22 per barrel.
AUD/USD rose 7 basis points to 0.7205. With no major Australian economic data scheduled, market activity is expected to remain relatively quiet. Investors will monitor the ANZ Job Ads report for further clues on labour market conditions. The Australian dollar is likely to be driven mainly by movements in the US dollar and overall market risk sentiment, while this week's US CPI, Federal Reserve policy meeting, and ECB interest rate decision are expected to be the key events shaping the outlook for the AUD and global financial markets.
Key Economic Data For Today
China August Foreign Exchange Reserves
Australia August ANZ Job Advertisements
Eurozone Q2 GDP
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Sep 07,2026 Great Forex Daily Market News
Mon, Sep 07,2026 Great Forex Daily Market News
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| 04/09/2026 |
The US Dollar Index fell, closing at 99.01. Improved market risk sentiment followed comments from Federal Reserve Governor Christopher Waller, who said the Fed could keep interest rates unchanged in September if August inflation continues to ease. His remarks supported US equities, pushed Treasury yields lower, and weighed on the US dollar. Meanwhile, the US ISM Services PMI rose to a six-month high, highlighting the resilience of the US economy, although the prices-paid component climbed to a four-year high, indicating that inflationary pressures remain elevated.
Spot gold rose US$81.91 to US$4,472.99 per ounce, while WTI crude oil increased US$0.97 to US$91.67 per barrel.
AUD/USD rose 33 basis points to 0.7199. A weaker US dollar helped the Australian dollar briefly move back above 0.7200, while improved global bond market sentiment also supported Australian bonds. In addition, stronger prices for iron ore and other commodities, together with ongoing tensions in the Middle East, provided support for commodity-linked currencies. However, persistently high oil prices continue to pose upside risks to global inflation, meaning expectations for future RBA policy will remain highly dependent on incoming inflation data.
Key Economic Data For Today
Eurozone July Retail Sales (MoM)
US August Unemployment Rate
US August Nonfarm Payrolls (Seasonally Adjusted)
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Sep 04,2026 Great Forex Daily Market News
Fri, Sep 04,2026 Great Forex Daily Market News
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| 03/09/2026 |
The US Dollar Index fell yesterday, closing at 99.58. Markets experienced a mixed session overnight as heightened tensions in the Middle East and higher oil prices initially pushed global bond yields higher. Sentiment improved later after Federal Reserve Vice Chair John Williams said inflation continues to trend lower and that higher energy prices have not yet broadly fed through to services inflation, easing concerns over further Fed tightening. The US dollar weakened, while US equities rebounded, with the NASDAQ rising 0.7% and the S&P 500 gaining 0.3%.
Spot gold rose US$60.24 to US$4,384.64 per ounce, while WTI crude oil slipped US$0.02 to US$90.63 per barrel.
AUD/USD rose 24 basis points to 0.7167. Australia’s Q2 GDP grew 0.4% q/q and 2.1% y/y, exceeding market expectations and supported by resilient household spending and investment. The stronger-than-expected growth reinforced expectations that the RBA may continue tightening monetary policy. A weaker US dollar also helped lift the Australian dollar from 0.7123 to near 0.7170, with solid domestic economic data providing additional support.
Key Economic Data For Today
US July Durable Goods Orders
Canada July Trade Balance
US Initial Jobless Claims
US July Trade Balance
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Sep 03,2026 Great Forex Daily Market News
Thu, Sep 03,2026 Great Forex Daily Market News
|
| 31/08/2026 |
The US Dollar Index rose last Friday, closing at 99.70. At the Jackson Hole Symposium, Federal Reserve Chair Kevin Warsh said the Fed must be confident that inflation is moving back to target clearly and at a sufficient pace before easing its policy stance. He added that current financial conditions are not restrictive, the labour market remains strong, but inflation remains the key concern. His hawkish comments lifted expectations of a September rate hike to around 60%, pushing US Treasury yields higher and trimming early gains in US equities.
Spot gold rose US$46.69 to US$4,455.15 per ounce, while WTI crude oil fell US$0.23 to US$83.67 per barrel.
AUD/USD fell 33 basis points to 0.7162. Although the Australian dollar was the best-performing G10 currency last week, it still ended the week 0.1% lower against the US dollar at 0.7170. Hawkish remarks from Fed Chair Warsh strengthened the US dollar and reinforced expectations of further Fed tightening, creating headwinds for the AUD. However, expectations that the RBA may continue tightening policy helped limit the Australian dollar’s downside.
Key Economic Data For Today
Japan July Retail Sales
China August Official Manufacturing PMI
France Q2 GDP
Germany August Unemployment Rate
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Aug 31,2026 Great Forex Daily Market News
Mon, Aug 31,2026 Great Forex Daily Market News
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| 28/08/2026 |
The US Dollar Index edged lower yesterday, closing at 99.13. Strong earnings and an upbeat growth outlook from Nvidia boosted technology stocks and lifted the NASDAQ, although most sectors outside information technology finished lower in the S&P 500. The US trade deficit widened unexpectedly, reflecting increased capital goods imports driven by AI-related investment, while labour market data continued to point to resilient employment conditions. At the Jackson Hole Symposium, several Federal Reserve officials reiterated that inflation risks remain and signalled that further policy tightening may still be required.
Spot gold fell US$14.96 to US$4,608.79 per ounce, while WTI crude oil rose US$1.54 to US$83.54 per barrel.
AUD/USD rose 31 basis points to 0.7192. Stronger-than-expected Australian inflation and household spending data reinforced expectations that the RBA will raise interest rates, with markets now expecting a September rate hike and increasing the likelihood of further policy tightening later this year. Supported by stronger rate expectations, the Australian dollar gained around 0.3% to 0.7195, making it one of the best-performing G10 currencies this week.
Key Economic Data For Today
Japan July Unemployment Rate
Canada Q2 GDP
Canada June GDP
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Aug 28,2026 Great Forex Daily Market News
Fri, Aug 28,2026 Great Forex Daily Market News
|
| 27/08/2026 |
The US Dollar Index rose yesterday, closing at 99.12. US July core PCE inflation came in as expected, reinforcing market expectations that the Federal Reserve will maintain its tightening bias. Government bond yields rose across both the US and Europe, while US equities were little changed. Meanwhile, the US dollar climbed to its highest level in a week, geopolitical risks remained in focus, and Brent crude advanced on supply concerns and escalating tensions in Ukraine.
Spot gold fell US$22.54 to US$4,623.74 per ounce, while WTI crude oil rose US$0.80 to US$81.91 per barrel.
AUD/USD rose 13 basis points to 0.7171. Australia’s July inflation data came in stronger than expected, with the monthly trimmed mean CPI rising 0.5%, highlighting broader inflationary pressures and reinforcing concerns that inflation may remain persistent. Although the Australian dollar briefly approached 0.7190, it later retreated to around 0.7170 as the stronger US dollar weighed on the currency. The outlook for the AUD will continue to depend on expectations for RBA policy and the direction of the US dollar.
Key Economic Data For Today
Australia Q2 Private New Capital Expenditure
Australia Q2 Private New Capital Expenditure
US Initial Jobless Claims
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Aug 27,2026 Great Forex Daily Market News
Thu, Aug 27,2026 Great Forex Daily Market News
|
| 26/08/2026 |
The US Dollar Index fell yesterday, closing at 98.92. Signs of easing tensions in the Middle East pushed oil prices lower and drove US Treasury yields down. Reports suggested that US diplomats may soon return to embassies in the region, while Iran and Oman held talks on reopening the Strait of Hormuz. Markets remain focused on developments surrounding US sanctions on Iran, fiscal policy, and Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole Symposium later this week for clues on the policy outlook.
Spot gold rose US$0.90 to US$4,655.01 per ounce, while WTI crude oil fell US$3.92 to US$81.11 per barrel.
AUD/USD rose 11 basis points to 0.7160. Minutes from the RBA’s August meeting maintained a hawkish tone, highlighting that upside inflation risks remain. The Board believes it can keep the cash rate at 4.35%, but acknowledged that incoming economic data could challenge that view. Markets continue to expect the RBA to remain on hold for now, although stronger-than-expected inflation could influence both the policy outlook and the Australian dollar.
Key Economic Data For Today
US August Conference Board Consumer Confidence Index
US July Personal Consumption Expenditures
US July Preliminary Durable Goods Orders
US Q2 GDP
US July Personal Income
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Aug 26,2026 Great Forex Daily Market News
Wed, Aug 26,2026 Great Forex Daily Market News
|
| 25/08/2026 |
The US Dollar Index rose yesterday, closing at 98.99. Markets started the week cautiously as investors focused on Federal Reserve Chair Warsh’s upcoming speech at the Jackson Hole Symposium, fresh US sanctions on Iran, and reports that the US Treasury may provide support for the long end of the Treasury market. Weakness in technology and semiconductor stocks weighed on US equities, with the NASDAQ falling 0.8%. Safe-haven demand supported the US dollar, while tougher US sanctions on Iran added to geopolitical uncertainty.
Spot gold rose US$43.25 to US$4,667.09 per ounce, while WTI crude oil fell US$1.52 to US$84.98 per barrel.
AUD/USD fell 8 basis points to 0.7149. A stronger US dollar and weaker risk sentiment pushed the Australian dollar lower. Meanwhile, President Trump announced plans to impose a 50% tariff on Canadian auto imports from next year, sending the Canadian dollar sharply lower and prompting markets to scale back expectations for further Bank of Canada rate hikes. Escalating tensions between the US and Iran also boosted safe-haven demand, putting additional pressure on risk-sensitive currencies such as the Australian dollar.
Key Economic Data For Today
Singapore Q2 GDP
Germany Q2 GDP
Germany August IFO Business Climate Index
US June S&P/Case-Shiller 20-City Home Price Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Tue, Aug 25,2026 Great Forex Daily Market News
Tue, Aug 25,2026 Great Forex Daily Market News
|
| 18/08/2026 |
The US Dollar Index fell to 99.56. Middle East tensions escalated after reports that Iran seized a tanker in the Strait of Hormuz and adopted a more aggressive stance towards the US. Brent crude briefly climbed above USD91 per barrel before easing back to around USD90.7. Higher oil prices fuelled inflation concerns, with the US 10-year Treasury yield rising 3bps and the 30-year yield reaching 5.30%, its highest level since before the Global Financial Crisis. US equities declined, with the S&P 500 down 0.5%, while the energy sector outperformed.
Spot gold rose USD50.91 to USD4,421.72 per ounce, while WTI crude oil gained USD2.42 to USD84.95 per barrel.
AUD/USD rose 25 basis points to 0.7104. Currency markets were relatively quiet, with the US dollar little changed overall. AUD/USD briefly climbed to around 0.7130 before easing back towards 0.7100, leaving the Australian dollar about 3% higher against the US dollar so far this quarter. Economic data were mixed, with stronger Canadian inflation and US manufacturing data offset by weaker Chinese activity figures and softer-than-expected Japanese GDP. In the near term, AUD/USD is expected to be driven by the US dollar, oil prices, global economic data and market sentiment.
Key Economic Data For Today
US August NAHB Housing Market Index
UK June Unemployment Rate
UK ILO Unemployment Rate (3 months to June)
Germany August ZEW Economic Sentiment
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Tue, Aug 18,2026 Great Forex Daily Market News
Tue, Aug 18,2026 Great Forex Daily Market News
|
| 17/08/2026 |
The US Dollar Index fell to 99.67 on Friday. US July retail sales unexpectedly declined, with underlying spending measures also weakening and previous months revised lower, suggesting consumer demand is losing momentum. August consumer confidence also deteriorated as concerns over higher interest rates and a softer labour market increased, while inflation expectations remained elevated. The weaker data initially pushed Treasury yields and Fed rate hike expectations lower, although a rebound in oil prices later reversed part of the move. US equities ended the session modestly lower.
Spot gold rose USD25.32 to USD4,376.60 per ounce, while WTI crude oil gained USD0.87 to USD82.40 per barrel.
AUD/USD rose 28 basis points to 0.7083. The US dollar weakened after the retail sales release before recovering later in the session. AUD/USD briefly climbed above 0.7100, marking its strongest close since early June. This week, markets will focus on Japan’s GDP, China’s economic data, the FOMC Minutes and Australia's employment report, which are expected to influence the outlook for AUD/USD.
Key Economic Data For Today
China July M2 Money Supply
China July Foreign Exchange Reserves
Eurozone June Trade Balance
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Aug 17,2026 Great Forex Daily Market News
Mon, Aug 17,2026 Great Forex Daily Market News
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| 14/08/2026 |
The US Dollar Index edged lower to 99.93. US July PPI came in below expectations, reinforcing signs of easing inflation and supporting risk sentiment. The S&P 500 closed at another record high, while the US 10-year Treasury yield fell 5bps to 4.65%, prompting markets to further reduce expectations of a September Fed rate hike. Although Fed officials remain divided, markets generally see less pressure for additional tightening in the near term.
Spot gold fell USD52.34 to USD4,362.30 per ounce, while WTI crude oil declined USD1.59 to USD82.58 per barrel.
AUD/USD edged up 1 basis point to 0.7059. UK Q2 GDP met expectations, while June GDP exceeded forecasts, highlighting the resilience of the UK economy. Norges Bank left rates unchanged and softened its tightening bias, while the RBA reiterated that monetary policy remains restrictive and is working as intended. With Middle East tensions relatively contained and oil prices falling more than 2%, AUD/USD remained steady around 0.7060. In the near term, the pair is expected to be driven by the US dollar, US economic data and overall market sentiment.
Key Economic Data For Today
Eurozone June Trade Balance
Eurozone Q2 GDP
US July Retail Sales
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Aug 14,2026 Great Forex Daily Market News
Fri, Aug 14,2026 Great Forex Daily Market News
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| 12/08/2026 |
The US Dollar Index edged lower to 99.81. As widely expected, the RBA kept the cash rate unchanged at 4.35% and maintained a hawkish bias, reiterating that inflation remains too high and that further rate hikes are possible if upside risks materialise. Meanwhile, Middle East tensions remained elevated after reports that US forces fired on a Panama-flagged vessel attempting to breach the blockade of Iranian ports. Brent crude briefly rose above USD90 per barrel before easing back to around USD88. US equities reversed early gains, with the S&P 500 falling 0.3%, as investors turned their focus to tonight’s US July CPI report.
Spot gold fell USD34.27 to USD4,368.59 per ounce, while WTI crude oil rose USD0.98 to USD83.23 per barrel.
AUD/USD rose 8 basis points to 0.7061. RBA Governor Bullock said further rate hikes remain possible but will depend on incoming economic data. Currency markets were relatively quiet as investors monitored developments in the Strait of Hormuz and awaited US inflation data. In the near term, AUD/USD is expected to be driven by the US CPI report, RBA policy expectations, the US dollar and Middle East developments.
Key Economic Data For Today
US July Existing Home Sales
US July Core CPI (NSA)
US July CPI (NSA)
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Aug 12,2026 Great Forex Daily Market News
Wed, Aug 12,2026 Great Forex Daily Market News
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| 10/08/2026 |
The US Dollar Index fell to 99.54 on Friday. US July non-farm payrolls unexpectedly declined by 23,000, well below expectations for an 80,000 increase, while the previous two months were revised down by a combined 103,000 jobs. The unemployment rate edged down to 4.1%, indicating the labour market remains relatively resilient. The weaker jobs report reduced expectations for near-term Fed rate hikes, helping lift US equities, with the S&P 500 rising 0.62% and the Nasdaq gaining 1.30% to fresh record highs. Meanwhile, the US continued to tighten sanctions on Iran, while Tehran ruled out direct talks with Washington.
Spot gold rose USD101.96 to USD4,343.74 per ounce, while WTI crude oil fell USD1.09 to USD77.08 per barrel.
AUD/USD fell 21 basis points to 0.7031. Currency markets were relatively quiet, with the US dollar broadly steady and the Japanese yen weakening as the impact of last week's intervention faded. In the near term, AUD/USD is expected to be driven by Middle East developments, Fed policy expectations, oil prices and overall market sentiment.
Key Economic Data For Today
China July M2 Money Supply
China January–July New Yuan Loans
Japan June Current Account
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Mon, Aug 10,2026 Great Forex Daily Market News
Mon, Aug 10,2026 Great Forex Daily Market News
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| 07/08/2026 |
The US Dollar Index rose to 99.96. Middle East tensions escalated after the Houthis claimed attacks on Saudi military targets, while conflicting reports over the proposed Iran-Oman agreement on shipping through the Strait of Hormuz kept geopolitical risks in focus. Brent crude climbed towards USD83 per barrel. Markets also focused on the Fed outlook, with reports suggesting a 25bp rate hike in September remains possible if inflation stays elevated. US equities edged lower, with the S&P 500 down 0.2%.
Spot gold fell USD31.95 to USD4,245.78 per ounce, while WTI crude oil rose USD3.09 to USD78.23 per barrel.
AUD/USD fell 21 basis points to 0.7031. Currency markets were relatively quiet, with the US dollar broadly steady and the Japanese yen weakening as the impact of last week's intervention faded. In the near term, AUD/USD is expected to be driven by Middle East developments, Fed policy expectations, oil prices and overall market sentiment.
Key Economic Data For Today
China July Trade Balance
China July Foreign Exchange Reserves
US July Non-Farm Payrolls
US July Unemployment Rate
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Fri, Aug 07,2026 Great Forex Daily Market News
Fri, Aug 07,2026 Great Forex Daily Market News
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| 06/08/2026 |
The US Dollar Index fell to 99.66. Markets were relatively quiet as investors awaited progress on talks between Iran and Oman to reopen the Strait of Hormuz, while attention remained on Friday's US non-farm payrolls report. The ISM Services Index held steady at 54.1, signalling continued expansion, but ADP employment increased by only 44,000, raising the risk of a weaker-than-expected payrolls report. The US dollar edged lower, while the S&P 500 briefly hit a record high before ending slightly lower.
Spot gold rose USD203.68 to USD4,276.61 per ounce, while WTI crude oil slipped USD0.09 to USD75.08 per barrel.
AUD/USD rose 11 basis points to 0.7056. China's PMI weakened noticeably, highlighting soft domestic demand and limited policy support. A weaker US dollar helped AUD/USD extend its recovery towards 0.7065. In the near term, AUD/USD is expected to be driven by US employment data, China's economic outlook and overall market sentiment.
Key Economic Data For Today
Eurozone June Retail Sales
US July Challenger Job Cuts
US Initial Jobless Claims
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Thu, Aug 06,2026 Great Forex Daily Market News
Thu, Aug 06,2026 Great Forex Daily Market News
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| 05/08/2026 |
The US Dollar Index fell yesterday, closing at 99.86. Markets continued to focus on signs of easing tensions between the US and Iran, with US officials indicating that an agreement on freedom of navigation through the Strait of Hormuz could be reached soon, contributing to a sharp decline in oil prices. US JOLTS job openings fell to 7.359 million, slightly below expectations, although the overall labour market remained stable. Federal Reserve officials reiterated that inflation remains a key factor in determining the future path of monetary policy, while markets are awaiting the upcoming ADP employment and ISM Services data.
Spot gold rose by USD 23.42 to USD 4,077.21 per ounce, while WTI crude oil fell by USD 4.96 to USD 75.17 per barrel.
The Australian dollar rose by 48 basis points against the US dollar to 0.7045. Australian household spending remained strong in June, with the ABS Household Spending Indicator rising 0.8% month-on-month, led mainly by discretionary spending, indicating continued resilience in consumer demand. However, pressure on real incomes and weakness in the housing market continue to constrain the outlook for consumption growth. The AUD was the best-performing G10 currency, rising around 0.7% to trade near 0.7047.
Key Economic Data For Today
NZ Employment figures
US ADP Payrolls
US ISM Services Index
*The information provided by Great Forex is for general purposes only and not intended for trading or transaction decisions.
Wed, Aug 05,2026 Great Forex Daily Market News
Wed, Aug 05,2026 Great Forex Daily Market News
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