The euro weakened below the 1.16 mark on Thursday, weighed down by diverging central bank strategies in the United States and the Eurozone. The European Central Bank kept interest rates unchanged, while the U.S. Federal Reserve’s recent quarter-point rate cut carried a hawkish tone, hinting at a possible pause in …

The U.S. Federal Reserve delivered its widely expected rate cut on Wednesday, trimming the benchmark Federal Funds Target Range by 25 basis points to 3.75%–4.00%, but Fed Chair Jerome Powell poured cold water on expectations for another move in December, warning that “another cut is far from assured.”During his post-meeting …

The British pound slipped against the US dollar on Wednesday after the Federal Reserve confirmed a widely expected quarter-point interest rate cut and signaled continued steps to reduce its balance sheet. The decision, though fully anticipated by markets, still triggered fresh movements across major currencies as investors adjusted positions ahead …

The Fed has just enacted its second interest rate cut in a row, lowering the federal funds target range to a decisive 3.75 percent to 4 percent. This action, which brings the benchmark rate below 4 percent for the first time since late 2022, was a clear response to mounting …

Gold prices edged higher on Wednesday, reclaiming ground lost earlier in the week as global investors shifted focus to the U.S. Federal Reserve’s widely anticipated interest rate decision. The yellow metal traded just below the key $4,000 mark per ounce, recovering from a recent three-week low as traders adopted a …

The U.S. Federal Reserve is preparing to cut interest rates for the second time in as many months, as policymakers seek to balance modest inflation gains against a murky economic backdrop caused by the ongoing government shutdown. The decision, expected after the October policy meeting, is widely anticipated to lower …

In a surprising turn for currency markets, the Canadian Dollar surged to its strongest level in a month against the US Dollar, following a strategic move by the Bank of Canada that blended a rate cut with a clear signal of tightening ahead. The USD/CAD pair dropped to approximately 1.3893, …

Wall Street reached new heights on Wednesday as U.S. stock indices posted fresh record highs, fueled by the unstoppable rise of Nvidia — now officially the world’s first $5 trillion company. The milestone marks a historic moment for the tech-driven market, underscoring how artificial intelligence continues to redefine global finance …

West Texas Intermediate (WTI) crude oil prices fell by approximately 2.00%, primarily driven by reports indicating the Organization of the Petroleum Exporting Countries (OPEC) might soon increase its production rates. This decline is occurring at a sensitive moment, as markets are closely tracking any action by OPEC and the resulting …

Gold prices experienced a sharp decline on Tuesday, falling by approximately $56.50, or 1.41%, to hit their lowest level in three weeks. This slump is primarily due to continued heavy selling by investors unwinding long positions following a robust two-month rally.Precious metals were broadly affected this week by a drop …