Fed’s Aggressive Rate Cut Signals a New Era Last week, the Federal Reserve made a significant move by cutting its policy rate by a substantial 0.5%. This marked a significant departure from its previous stance of aggressive rate hikes aimed at curbing inflation. The larger-than-expected cut signals a critical …
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The NZD/USD pair is flat into the early close on Wall Street. Traders will look to the Q4 NZIER QSBO survey. The pair moved between a low of 0.6361 and a high of 0.6426, currently flat on the day hovering near its strongest levels in a month.The NZD benefitted in …
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The GBP/JPY has reached a fresh two-day high at around 163.62. Investors’ optimism augmented their appetite for risk-sensitive currencies like the pound.The pair erases Wednesday’s losses and soars on Thursday amidst a risk-on impulse that augmented appetite for riskier assets, meaning safe-haven peers sustaining losses. The pair is trading at …
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Gold resumed its rally on Wednesday after a brief decline due to the release of US inflation data, with the dollar falling after data showing a slight slowdown in US consumer price growth. Spot gold rose 0.8% to $1,852.65 an ounce, and US gold futures rose 0.7% to settle at …
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The gold price continues to retreat despite some relief in the US dollar’s advance. The XAU/USD is down some 0.46% at $1,845 while the DXY is trading at 103.85 and up just 0.1%. The dollar maintained choppy performance on Tuesday, shifting between modest gains as traders do concentrate on Wednesday’s …
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