Tag Archives: retail sales data

The dollar was broadly stable on Wednesday, keeping the yen close to its lowest levels in 34 years, after comments from Federal Reserve officials, including Chairman Jerome Powell, indicated that interest rates would likely remain high for a longer period. Senior US central bank officials, including Powell, on Tuesday declined …

Gold prices stabilized on Wednesday after rising to record levels last week, as safe-haven demand fueled by geopolitical risks in the Middle East partly offset the impact of pressure from a stronger dollar and US Treasury yields. Gold settled in spot trading at $2,381.68 per ounce by 0337 GMT, after …

USD/JPY has gained following the stronger than expected US retail data and neutral to hawkish comments by US Federal Reserve officials. The Dollar trades at 154.61, 0.22% above its opening price. US housing indicators, such as Building Permits and Housing Starts, have underperformed, suggesting a construction sector slowdown. However, US …

The dollar surged to a five-month peak against major currencies on Tuesday, driven by stronger-than-anticipated U.S. retail sales figures, igniting concerns over potential intervention from Tokyo as the yen dwindled to its lowest level since 1990. Despite China’s first-quarter GDP data surpassing expectations, the Chinese yuan slightly declined, reflecting ongoing …

The US Dollar Index (DXY), which peaked last week at 106.10, surged 0.16% to currently trade a little above at 106.182 at the time of writing. The Fed’s hawkish language is still supported by strong economic data, and rising US Treasury yields help the greenback. The US Dollar tends to …

Concerns about Middle Eastern geopolitical tensions have been coupled with high yields, which have caused further decline in the Dow Jones Index. In the early afternoon, the index is trading little higher after losing its early gains. The market’s appetite for risk has increased following to Goldman Sachs’ better-than-expected quarterly …

The UK Pound has not yet recovered, and its previous attempts at rising above the 1.2500 mark stalled earlier on Monday. The pair has given in to the widespread strength of the US Dollar following the announcement of positive US retail sales data, and is currently trading at 1.2456, up …

Gold price retreats from the daily highs near $2,371 as investors do not see Middle East tensions escalating further. US bond yields soar as the Fed seems to initiate the rate cut cycle from September. The US Dollar has gathered some strength on the strong US Retail Sales data, while …

In reaction to investors’ anticipation of US retail sales and inflation data this week, which could provide insight into the timing of the Federal Reserve’s much-anticipated interest rate reductions, the dollar saw a little increase against other major currencies on Monday.Bitcoin reached $50,000 in cryptocurrency for the first time since …

The Canadian dollar is trading at relatively stable levels, with broad-market flows leading the way in the latter part of the trading week. Although the Canadian currency has generally appreciated this week, it is still weaker than the US dollar, which has outperformed since Monday’s opening bids.Canada will see Retail …