Tag Archives: dollar

Euro has shown resilience despite weaker-than-expected German economic data released on Tuesday. This data highlighted a deterioration in consumer confidence within the Eurozone. The German GfK consumer confidence index fell to -22.0 in September, compared to -18.6 in August, reflecting growing pessimism among European consumers about the economic outlook. Additionally, …

Gold prices continued to climb on Tuesday, buoyed by a weakening US dollar. The greenback has been under pressure amid expectations of a future path for Federal Reserve interest rates and the release of positive economic data that has boosted risk appetite in global financial markets. The US dollar has …

US stocks rallied on Tuesday, driven by anticipation of Nvidia’s second-quarter earnings and expectations for a potential Federal Reserve interest rate cut. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted modest gains. Nvidia, a tech titan, is under the spotlight as investors await its earnings report, …

The German economy experienced a slight contraction of 0.1% in the second quarter of 2024, reversing the modest growth seen in the first quarter, according to official data released by the Federal Statistical Office on Tuesday. Economic Performance Overview The quarter-on-quarter shrinkage follows a 0.2% expansion in Germany’s Gross Domestic …

The US dollar bounces back after falling on Friday as a result of Powell’s dovish comments. The market expects a 100 basis point ease by year-end and a 200 basis point ease overall over the next 12 months. Later this week, PCE figures will come into focus. The US Dollar …

The U.S. dollar weakened on Friday as traders prepared for Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium. Meanwhile, the Japanese yen led gains among major currencies after Bank of Japan (BOJ) Governor Kazuo Ueda reaffirmed his commitment to raising interest rates if inflation continues to …

European shares were largely flat on Friday as investors adopted a cautious stance ahead of a crucial speech by Federal Reserve Chair Jerome Powell, scheduled for later in the day. The pan-European STOXX 600 index edged up 0.1% to 516.28 points by 0709 GMT, maintaining gains after hitting its highest …

The US Dollar rebounded from its 2024 lows on Thursday as risk sentiment weakened. Rising US Treasury yields also supported the Greenback, ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole.Key Economic Events Federal Reserve Chair Powell’s Speech: The speech will provide insights into the Fed’s monetary policy …

Germany’s business activity continued to shrink in August, marking the second consecutive month of contraction and signaling deepening challenges for the eurozone’s largest economy. A preliminary survey released on Thursday revealed that the downturn was more severe than economists had anticipated. PMI Index Highlights Economic Struggles The HCOB German flash …

The U.S. dollar slipped to its lowest level this year against the euro on Wednesday, as traders awaited crucial revisions to U.S. payrolls data later in the day and looked ahead to a significant speech by Federal Reserve Chair Jerome Powell at the end of the week. The dollar also …