The euro continued its upward climb on Monday, capitalizing on a weakening U.S. dollar and bolstered by comments from the European Central Bank (ECB). Meanwhile, the dollar extended its decline, weighed down by negative developments in the U.S. credit rating landscape.Moody’s Downgrade Pressures the Dollar On Friday, Moody’s downgraded the …
Read More »Dollar Under Pressure as Debt Concerns Mount and Rate Cut Expectations Recede
The US Dollar is facing headwinds, registering losses against major currencies as markets grapple with the implications of the nation’s growing debt burden. This downward pressure is reflected in the US Dollar Index (DXY), which tracks the dollar’s performance against a basket of six currencies, currently hovering near the 100.30 …
Read More »Gold Prices Rise as Moody’s U.S. Downgrade Reignites Safe-Haven Demand
Gold prices climbed on Monday, supported by a resurgence in safe-haven demand after ratings agency Moody’s downgraded the U.S. sovereign credit rating, triggering risk aversion across global markets. Mixed Chinese economic data added to market caution, bolstering bullion’s appeal further. As of 01:51 ET (05:51 GMT), spot gold rose 0.5% …
Read More »Weekly market recap: US dollar and Stocks challenged negativity
US dollar closed this week’s trading with modest gains as it managed to make the best use of optimism around the future of trade between the two largest economies all over the world after USA and China announced an agreement on temporary tariffs cut for 90 days. Dollar gains were …
Read More »Gold Slumps Below $3,200 as Safe-Haven Appeal Fades and Technicals Turn Bearish
Gold prices are tumbling, with the precious metal dropping to around $3,180 and heading for a weekly loss exceeding 4%, the steepest since November 2024. Having shed over $300 from its April peak of $3,500, gold is grappling with fading safe-haven demand and intensifying technical selling. The decline reflects a …
Read More »GBP/USD Dips Below 1.33 as U.S. Consumer Gloom and Inflation Fears Bolster Dollar
The GBP/USD currency pair slipped below the 1.33 mark, ending the week with a modest loss of over 0.24%, as the U.S. dollar gained strength amid deteriorating consumer sentiment and rising inflation expectations in the United States. With no major economic data released in the UK on Friday, the pound …
Read More »Rising U.S. Inflation Expectations Shake EUR/USD as Central Bank Decisions Loom
The EUR/USD currency pair is facing a notable decline as the U.S. dollar strengthens following the release of preliminary University of Michigan survey data for May, which revealed a rise in U.S. consumer inflation expectations to 7.3% annually, up from 6.5% in April. This uptick bolstered the dollar, pushing the …
Read More »White House Unveils ‘New’ AI and Energy Deals with Gulf States
The Trump administration unveiled a series of high-profile deals spanning the AI and energy sectors with the United Arab Emirates (UAE) on Thursday, May 15, 2025, at 11:03 PM +04, sparking optimism about economic collaboration. However, despite the enthusiastic tone from administration sources, many of these agreements appear to be …
Read More »US Bond Yields Retreat After Easing Inflation Pressures
US Treasury bond yields began to decline on Thursday, May 15, 2025, at 10:30 PM +04, as fresh economic data revealed a notable easing of inflationary pressures in April, shifting market sentiment during the early trading session. The 10-year Treasury note yield dropped to 4.456% from its previous close of …
Read More »Could Eurozone’s Economic Slowdown Drag the Euro Down Against a Resurgent Yen and USD?
The Euro (EUR) faced renewed pressure against both the Japanese Yen (JPY) and the US Dollar (USD) on Thursday, at 08:31 PM +04, as the EUR/JPY pair dropped 0.5% to hover around 163.00, marking its second consecutive session of declines, while EUR/USD held steady near 1.1200 with minor gains. This …
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