After European Central Bank (ECB) President Christine Lagarde acknowledged discussions of a potential 50 basis point (bps) interest rate cut, the US Dollar Index (DXY), which compares the value of the USD to a basket of currencies, increased toward 106.70 on Thursday. This comes after the ECB decided to lower …
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The US Dollar is showing very little movement on Monday, despite geopolitical tensions rising ahead of the G20 meeting. The Biden administration’s approval of long-range US missile use by Ukraine against Russian targets has increased global concerns. While the US Dollar Index (DXY) remains above 106.50, the economic calendar for …
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The US dollar surged on Wednesday, fueled by hawkish comments from Dallas Fed President Lorie Logan. Logan’s cautious tone regarding a potential December rate cut dampened market expectations, bolstering the Greenback.The US dollar remains a strong currency, and its recent surge underscores the market’s growing concern about potential inflationary pressures …
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Gold prices have experienced a sharp decline, falling below the crucial $2,600 level, as the US Dollar strengthens and Treasury yields rise. This downward trend is primarily driven by a combination of factors, including a less dovish Federal Reserve, escalating geopolitical tensions, and a shift in investor sentiment.A Strengthening Dollar …
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Gold price is under considerable downward pressure due to the strong rise in the US dollar since the announcement of Donald Trump, the former US President and Republican candidate, winning the 2024 US presidential election. Financial markets continue to celebrate the victory of former US President and Republican candidate Donald …
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As Americans prepare to cast their ballots on Tuesday, the price action of the US dollar is slowing down. In the event of a very close outcome, traders prepare for volatility because it may take days or weeks to choose the next US president. The US dollar index is holding …
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The US Dollar, once an unfaltering symbol of global financial stability, has recently exhibited a volatile performance. While it initially surged on the back of aggressive interest rate hikes by the Federal Reserve, it has since retreated as market expectations for future tightening have moderated. The confluence of economic factors, …
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The US Dollar continued its winning streak, gaining for the fifth consecutive day, as markets digested recent economic data and adjusted their expectations for Federal Reserve interest rate cuts. The US Dollar Index (DXY) climbed to near 104.00, buoyed by a combination of factors. First, the European Central Bank’s (ECB) …
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Gold prices rallied during the mid-North American session on Wednesday, bolstered by a decline in US Treasury yields and a disregard for recent US Dollar strength. Anticipations of interest rate cuts by major central banks, fueled by soft inflation data, weighed on bond yields and propelled the non-yielding metal. As …
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Gold has been declining since the opening of daily trading on Monday, pressured by the rise of the US dollar, which benefited from the decline in expectations of a 50-basis-point Federal Reserve interest rate cut, which led to a decline in fears that the US currency is close to exiting …
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