Tag Archives: dollar

The U.S. dollar traded near a four-week high against the euro on Thursday, bolstered by signs of persistent inflation in the U.S., which dampened expectations of a larger-than-expected interest rate cut by the Federal Reserve next week. Traders have scaled back their bets on a 50-basis point (bp) cut, now …

Gold prices edged higher in Asian trade on Thursday, hovering near record highs as traders speculated that the yellow metal will continue to benefit from a lower interest rate environment. However, expectations of a significant interest rate cut by the Federal Reserve were dampened by a higher-than-expected core consumer price …

The U.S. dollar dropped to its lowest level against the yen this year on Wednesday, after investors boosted the chances of Kamala Harris winning the upcoming U.S. presidential election following a key debate against rival Donald Trump. The dollar fell as much as 1.24% to 140.71 yen, a level last …

European shares opened higher on Wednesday, supported by strong performances in the oil, gas, and basic resources sectors. Investors are closely watching for the upcoming U.S. inflation report, which could provide insight into the Federal Reserve’s potential interest rate moves next week. The pan-European STOXX 600 index rose by 0.3% …

The US Dollar is currently experiencing a 0.31% surge, at the 101.641mark, gaining strength ahead of the highly anticipated presidential debate. This upward trend continues despite the Federal Reserve’s persistent dovish stance on monetary policy. While the debate’s outcome could significantly influence the USD’s trajectory, analysts remain cautious, anticipating potential …

European shares remained flat on Tuesday, stabilizing after a 1% jump in the previous session, as investors digested a mix of economic data while anticipating a widely expected interest rate cut from the European Central Bank (ECB) later in the week. The pan-European STOXX 600 index held steady at 510.40 …

Gold prices edged lower in Asian trade on Tuesday, as traders awaited crucial U.S. inflation data to gauge the Federal Reserve’s stance on potential interest rate cuts. Spot gold dipped 0.1% to $2,502.07 an ounce, while December gold futures also fell 0.1% to $2,531.0 an ounce. Despite the slight decline, …

The US Dollar continued its upward trajectory on Monday, despite a general decline in US Treasury yields. This positive sentiment reflects steady expectations that the Federal Reserve will implement a rate cut at its upcoming meeting.The US Dollar Index (DXY) reached its highest level in three days, approaching 101.80. Investors …

European shares kicked off the week with gains following a sharp decline last Friday, as investors look ahead to key economic data releases and expect the European Central Bank (ECB) to reduce interest rates later this week. By 0711 GMT on Monday, the pan-European STOXX 600 index had risen by …

The U.S. dollar hit a one-month low against the yen and a one-week low versus the euro on Friday, as traders exercised caution ahead of a key U.S. jobs report. Mixed signals from recent employment data have added uncertainty to the market, influencing expectations for the Federal Reserve’s next interest …