Tag Archives: GDP

The EUR/USD pair is presently trading below 1.0600, having retreated from a weekly high of 1.0675. The Eurozone released mixed economic data in October, with GDP declining by 0.1% in Q3 but inflation falling to 2.9% in the same month.ECB officials maintain that more tightening is possible, with Joachim Nagel …

The dollar rose on Friday and was heading for a third straight month of gains after data showed strong growth in the United States, indicating enhanced prospects for interest rates to remain high for a longer period. But the yen remained around the 150 level to the dollar before the …

Gold prices are heading for gains for the third week in a row on Friday, as conflict in the Middle East leads to investors increasingly seeking safe havens, despite US interest rates remaining high for a longer period. By 0341 GMT, gold in spot transactions rose 0.1 percent to $1,986.76 …

The US Dollar witnessed heavy trading against its rival currencies on Thursday, and the DXY index reached monthly highs in the wake of the country’s unexpectedly strong GDP and durable goods data as well as the weekly initial jobless claims report.The USD was kept from rising higher by declining US …

At 150.77, the USD/JPY pair reached a new high that was not seen since late October 2022. Both the US Q3 GDP preliminary estimates and September’s orders for durable goods exceeded forecasts.The USD/JPY kept moving higher during Thursday’s session, peaking at 150.77 before levelling off at 150.35. In contrast to …

The dollar rose on Thursday near its highest levels in two weeks as US Treasury yields rose and investors’ appetite for riskier currencies declined. The yen’s exchange rate exceeded the level of 150 against the dollar, creating a state of concern among traders about the possibility of government intervention to …

With a gain of over 0.56%, the price of gold has risen to a new weekly high of $1987.25. This is because US business activity is starting to pick up steam, as shown by September’s record-breaking new home sales and the S&P Global PMIs.The US 10-year Treasury bond yield has …

The US Dollar extended last US session’s gains, but the upward momentum is seen as weak. The US reported positive housing market data, and the 5- and 10-year US Treasury yields recovered, while the shorter-term 2-year rate declined. The Dollar Index climbed higher on Wednesday, rising towards a six-day high …

Amidst growing geopolitical tensions in the Middle East, risk aversion remains the driving force behind the financial markets. The GBP/USD pair hit a three-day low of 1.2113, with sellers aiming for the next support level at 1.2100. The US economy is doing well, according to economic data; in September, new …

Dollar finds demand as focus shifts to GDP, PCE data The US Dollar has recovered from losses on Monday, with the DXY Index rising above 106.00. The S&P Manufacturing and Services PMI rose to expansion territory above 50.00 in October. US Treasury yields recover, allowing the USD to find demand. …