Gold prices rose on Wednesday, supported by a slight decline in the dollar, as investors looked forward to the release of the minutes of the Federal Reserve’s monetary policy meeting for the month of September, as well as inflation data, for indications on the path of raising interest rates. And …
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The US Dollar is strong at the end of Tuesday after intraday reverse that kept it in the red territory for most of the US trading session. The American Dollar extended its advance against its safe-haven rivals, with USD/CHF now quoting at 0.9960 and USD/JPY at 145.80.US Treasury bonds fell …
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The EUR/USD pair is barely up 0.08% on Tuesday, following BoE’s Baily remarks, which deteriorated the market sentiment. During the European session, the ECB Chief Economist Philip Lane said that the ECB would impact the markets by hiking rates than selling its hefty pile of bonds on Tuesday. Given that …
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Federal Reserve Bank of Cleveland President Loretta Mester reiterated on Tuesday that policymakers have not achieved much in their endeavors nor made any progress on lowering inflation.The US Dollar Index stays under bearish pressure despite these hawkish comments and was last seen losing 0.43% on the day at 112.70.Key Quotes“Monetary …
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Gold prices fell slightly on Tuesday, weighed by gains in the dollar amid expectations of further interest rate hikes, while caution prevailed ahead of key inflation data due later this week. Spot gold prices fell 0.1% to $1,665.89 an ounce by 0612 GMT, after touching the lowest level since October …
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Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …
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As the US dollar hits one-week high at 1.3780 lower oil prices persist and hawkish Fed hopes are undermining the CAD, the USD/CAD pair is rallying to 1.40 before dropping to 1.32. The US dollar remains dominant across the board, with the market pricing in another aggressive rate hike by …
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As US CPI data is eyed, gold prices dropped significantly lower on Monday. Not only did the price take out $1,675, but it has also made a low of $1,665.77, taking on a key support area as the markets remain focused on the hawkish stance of the Fed.Gold dropped from …
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Gold prices fell to their lowest level in a week on Monday, after US jobs data reinforced expectations that the Federal Reserve will continue to raise interest rates sharply. Spot gold prices fell 0.5% to $1,686.55 an ounce by 0623 GMT, after hitting its lowest level since October 3. US …
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US government-bond yields rose Friday morning after fresh labuor market related data for September showed slight opportunity of any serious economic slowdown. Treasury yields spiked, with the benchmark 10-year note topping 3.8% and the rate-sensitive 2-year yield at nearly 4.3%.The Labour Department’s latest data showed the unemployment rate dropping to …
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