Tag Archives: us dollar

Under pressure from the US dollar’s recent, gold price has been declining since the beginning of daily trading, Monday, amid the American Juneteenth holiday amid thin liquidity and the absence of catalysts that would move the markets.Gold futures fell to $1,950 an ounce, compared to the previous daily closing of …

The Bank of Japan’s decision about Friday’s Asian session will be the week’s final major event. The University of Michigan will publish its Consumer Sentiment survey in the US later in the day. Market players will continue to analyse the decisions made at the most recent central bank meetings on …

Federal Reserve Chair Jerome Powell held the customary news conference after rate policy decision to explain why Fed policymakers have decided to leave the policy rate, federal funds rate, unchanged at the range of 5-5.25% at June FOMC meeting. With the immediate reaction, the US dollar gathered strength against its …

The American benchmark crude oil, WTI recovers, trading at $69.44 per barrel following the US inflation report.China’s rate cut sparks an increase in WTI price due to a potential surge in oil demand. Saudi Arabia’s proposed crude output cut is expected to tighten the global market in July. The US …

On Thursday, Wall Street indexes rose sharply, boosted by easing expectations of a hawkish Federal Reserve ahead. A sharp increase in US Initial Jobless Claims pushed the US Dollar further to the downside. The Greenback ended the day looking vulnerable to more losses. US Treasury yields pulled back, paring Wednesday’s …

The dollar dipped slightly on Thursday but stayed near three-month highs after the Bank of Canada raised interest rates unexpectedly, implying that other central banks, including the Federal Reserve, may have more work to do to contain inflation. Early in the European day, the euro was up 0.1% at $1.071 …

The dollar saw a volatile performance on Wednesday as expectations of a Federal Reserve rate hike this month receded, however moves remained range-bound as traders focused on whether an end to monetary tightening was in sight around the world. The Australian dollar recorded the highest level in three weeks, extending …

The AUD/USD has risen for the fourth day in a row, and it is set to continue its upward trajectory. The Reserve Bank of Australia (RBA) raised interest rates on Tuesday, which lifted the Australian dollar across the board. Gains were restrained throughout the American session owing to risk aversion, …

The dollar edged up against major peers on Monday, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday. The dollar index – which tracks the greenback against six peers – came off the boil last …

The dollar is on track for its biggest weekly loss since mid-January on Friday, with investors predicting that the Federal Reserve will not raise interest rates this month, undermining appetite for the greenback among buyers of other currencies. The US Senate’s approval of a bill to suspend the debt ceiling …