The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in inflation reinforced expectations that the Fed would avoid a super-sized interest rate cut next week.
The US core CPI climbed 0.3% last month, accelerating from the previous month's 0.2% increase. Meanwhile, consumer spending has held up even better than expected, according to the most recent reading.
The risk-sensitive Australian dollar firmed as Asian stocks gained. China's iron ore imports in August fell 4.73% from a year earlier, customs data showed, as a gloomy demand outlook dampened buyers' appetite.
| Citibank vs. HSBC Currency Pair Data Comparison | ||||
| Citi (as of 9 Sep) | HSBC (as of 12 Sep) | |||
| Support | Resistance | Support | Resistance | |
| EUR/USD | 1.0857 | 1.1202 | 1.0941 | 1.1141 |
| GBP/USD | 1.2860 | 1.3266 | 1.2939 | 1.3206 |
| USD/CHF | 0.8375 | 0.8763 | 0.8416 | 0.8583 |
| AUD/USD | 0.6618 | 0.6871 | 0.6587 | 0.6790 |
| USD/CAD | 1.3441 | 1.3792 | 1.3465 | 1.3649 |
| USD/JPY | 141.70 | 149.39 | 139.63 | 146.13 |
The green numbers in the table indicate that the data has increased compared with the previous time; the red numbers indicate that the data has decreased compared with the previous time; and the black numbers indicate that the data has remained unchanged.
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