Forex Market

Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday that they will probably start lowering the policy rate sometime next year.The US Dollar Index retreated slightly from daily highs following the comments. As of writing, the index was still up 0.5% on the day at 102.54.Harker argued that they …

Due to China’s trade numbers for July coming in below forecasts, the Australian dollar has fallen, which has decreased demand for commodities, particularly for Iron Ore, Australia’s biggest export. This prompts worries about the downturn in China, the bust of the housing bubble, and the downfall of the world economy. …

The dollar consolidated its gains on Tuesday as dealers struggled to keep pace with the divergent growth forecasts of the world’s two largest economies, but they took little notice of a disappointing new batch of Chinese trade data. Data on Tuesday showed China’s imports and exports fell much faster than …

Gold prices fell on Tuesday as the dollar regained some stability amid investors’ anticipation of US inflation data due this week to get a clearer picture of the prospects for raising interest rates. Spot gold fell 0.2% to $1933.24 an ounce by 0645 GMT, and US gold futures fell 0.1% …

European stocks fell on Tuesday as Italian banks came under pressure after the cabinet approved a 40 percent tax on bank windfalls, and persistent inflation in Germany and weak trade data in China weighed on risk appetite. The pan-European Stoxx 600 index was down 0.3 percent by 0707 GMT. Shares …

The start of the new trading week has been uneven for currencies, with the US dollar falling during the American session. The US Dollar Index ended the day unchanged, remaining close to the 102.00 mark. While the 2-year rate decreased to 4.76%, the US 10-year Treasury yield increased to 4.1%.Economic …

Yields on the US benchmark bonds rose as a result of investors’ focus in financial markets on the next batch of inflation data in the United States, as the Consumer Price Index readings appear amid expectations of an increase in the annual reading that appears this week.Pushed by mounting expectations …

Huw Pill, the chief economist at the Bank of England, stated on Monday that there are dangers associated with UK inflation on both sides. He predicts that during the first half of 2025, inflation will most likely revert to the target level. By the end of the current year, he …

Germany’s industrial production tumbled in June, in large part due to a drop in automotive output. Germany’s industrial production tumbled in June, in large part due to a drop in automotive output.The epidemic and the clogged supply chains have taken a toll on the German auto industry, which makes up …

Fed Governor Michelle Bowman cautioned that numerous rate hikes may be necessary to return inflation to healthy levels in two speeches she gave on Saturday and Monday.Bowman, a senior Fed official, is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising interest …