The Australian Dollar printed back-to-back negative days during the week against the US Dollar, courtesy of a warm inflation report in the United States (US) that justified the Federal Reserve’s stance to be patient in cutting borrowing costs.
EUR/USD continues its steady decline into midweek after the release of higher-than-expected inflation data from the United States (US) reduced the chances of an early interest-rate cut from the Federal Reserve (Fed).
EUR/USD declines to the lower 1.0900s on Tuesday during the US session after the release of US Consumer Price Index (CPI) inflation data showed inflationary pressures were higher than expected in February.
The New Zealand Dollar trades lower against the US Dollar on Tuesday after the release of US Consumer Price Index (CPI) data for February shows inflationary pressures in the American economy remain stubbornly high.