US dollar ended last week’s trading in the upside buoyed by concerns of geopolitical tensions escalation after tensions escalated between US president Donald Trump and his Ukrainian counterpart Volodymyr Zelensky in the White House during a meeting which was supposed to witness signing a US-Ukraine deal over natural resources. Dollar …
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A potent cocktail of trade policy anxieties and growing recession fears sent gold prices reeling this week, with the precious metal shedding over 3% as the US dollar surged. The XAU/USD pair closed Friday at $2,845, a significant drop from its daily peak of $2,885, and a far cry from …
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The Dow Jones Industrial Average (DJIA) managed a modest recovery on Friday, clawing back roughly 150 points and clinging to the 43,400 level. However, this late-week rally does little to erase the overall losses, leaving the index down from Monday’s opening bell. The week’s volatility was fueled by a complex …
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A planned meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy took an unexpected turn on Friday, descending into a heated exchange. President Zelenskyy expressed concerns over the proposed deal, citing vague terms and missing critical details, though he acknowledged it as a potential starting point.President Trump, under …
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The US Dollar Index (DXY) is poised to cap off a robust week, firmly entrenched above the 107.00 mark, as a confluence of economic data and geopolitical developments bolstered the greenback’s strength. While January’s Personal Consumption Expenditures (PCE) inflation data landed squarely within expectations, easing immediate concerns of runaway inflation, …
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The Pound Sterling is navigating a turbulent week, holding its ground near 1.2600 against the US Dollar despite a confluence of economic and political pressures. While set for its first monthly gain since September 2024, the currency remains vulnerable as global uncertainties mount.Key US economic data released today showed the …
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The US dollar surged to multi-day highs, driven by President Trump’s new tariff announcements and cautious trading ahead of crucial US inflation data (PCE) due Friday.Key Highlights for Friday, February 28:US Dollar (DXY): Climbed past 107.00, supported by tariff news and rising US Treasury yields. Key US data releases include …
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The Canadian Dollar experienced a significant downturn on Thursday, shedding over 0.7% against the US Dollar and marking its fifth consecutive day of losses. This decline propelled the USD/CAD exchange rate to 1.440, a level not seen since early February, signaling growing market unease. The primary catalyst for this volatility …
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Federal Reserve officials are increasingly emphasizing a slowdown in inflation progress, with Philadelphia Fed President Patrick Harker joining the chorus on Thursday. This coordinated messaging comes ahead of the highly anticipated Personal Consumption Expenditures Price Index (PCEPI) release, where expectations lean toward an upside surprise, suggesting renewed inflationary pressures within …
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The Dow Jones Industrial Average (DJIA) experienced a turbulent trading session on Thursday, marked by significant volatility. Initially, the DJIA surged by approximately 400 points, driven by a rebound in heavily weighted stocks. However, this upward momentum was ultimately curtailed by renewed tariff threats from U.S. President Donald Trump, leading …
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