Thursday saw a sharp decline in the value of the US dollar following the Richmond Manufacturing Index. The US bond market is witnessing significant purchasing while the equity markets remain stable.After the US opening bell, the US Dollar Index has experienced a wild ride and is almost flat. On Thursday, …
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The US dollar witnessed divergent movements against key currencies on Thursday, recovering from early losses against the euro while facing a decline against the Japanese yen. Investors are closely monitoring signals from the Federal Reserve, expecting a potential interest rate cut in the coming year. Dollar Index Performance: The dollar …
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European stocks closed on a weak note on Friday as weaker-than-expected US inflation data offset losses in sportswear makers and stocks exposed to China, just ahead of the Christmas holiday. The European STOXX 600 index edged up by 0.1 percent, marking gains for the sixth consecutive week in a streak …
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The Swiss Franc is testing higher ground against the US Dollar on Thursday, as risk appetite increases due to lower US inflation data. The USD/CHF pair slipped through the 0.8600 handle, bolstering all major currencies and lifting the Swiss Franc into a new twenty-week high against the dollar. The US …
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The AUD/USD pair experienced an upward spike of 0.70% as it rose towards the 0.6775 level. The US’s Q3 GDP growth was lowered down from 5.2% to 4.9%, reflecting a slower-than-expected rate of economic activity.The US dollar was under further pressure after the 5-year and 10-year US Treasury rates fell …
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The US dollar has been softer despite the recent slew of US data, including Retail Sales and Jobless claims. The US Dollar Index dropped further on Thursday, extending the negative momentum that followed the FOMC statement. The dovish signals from the Fed have weighed on the US Dollar, which remains …
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After the Federal Reserve meeting, the US Dollar experienced a significant collapse. As expected, the central bank decided to keep interest rates unchanged. Market analysts are forecasting three rate cuts for 2024. Fed Chair Jerome Powell leaned dovish, adding fuel to the rally in Treasury bonds. He refrained from declaring …
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Oil prices experienced a notable uptick of more than two percent on Friday, fueled by optimistic US data that bolstered expectations for increased demand. Despite this positive development, both Brent crude and US West Texas Intermediate (WTI) crude prices faced their seventh consecutive week of decline, marking the lengthiest series …
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Gold is heading towards recording its first weekly decline in four weeks after the rise of the dollar, but prices stabilized on Friday as markets awaited key data on US jobs for signs that the Federal Reserve may cut interest rates in early March. Gold increased 0.1 percent to $2,030.32 …
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Gold gains as more major central banks increase their bets on rate cuts in early 2024. The precious metal is receiving additional support from the cautious sentiment of the market. Gold is trading at 2029.38 at the time of writing.Early on Thursday in the European session, the price of gold …
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