Tag Archives: USD

Gold price stumbled to thirty month low at $1638.90 on Friday before it turned back to trade at $1643 per ounce at the time of writing versus Thursday’s closing price at $1670.95. Volatility in the markets and dramatic FX plays did not leave gold untouched as the precious metal fell …

Recession seems inevitable as stubbornly high inflation plus the escalation of the war forced policymakers’ hands. Stocks fell, while US government bond yields soared to fresh multi-year highs.Major central banks announced monetary policy decisions following the US Fed’s meeting for September with the Bank of Japan firstly, on Thursday, deciding …

Gold prices pared losses on Thursday as the dollar retreated from a two-decade high, although pressure continued on the precious metal amid rising US bond yields and hawkish comments on interest rate hikes from the Federal Reserve. And gold fell in spot transactions 0.2 percent, recording 1670.40 dollars an ounce …

The dollar solidified its gains after the Fed triggered volatility and sour market sentiment across the board. As anticipated, the US central bank hiked the benchmark rate by 75 bps to 3.25%, while policymakers maintained their determination to bring inflation down to the 2% target. US Treasury yields soared. The …

Gold has benefited from increasing tensions in East Europe. So, gold price snaps two days of consecutive losses and climbs, despite broad US dollar strength, courtesy of increasing tensions between Ukraine and Russia. Investors’ pursuit of safety bolstered the precious metal. At the time of writing, XAU/USD is trading at …

The American dollar advanced on Tuesday amid prevalent risk aversion. US government bond yields soared to support the dollar’s performance all day long, as the 2-year Treasury yield touched its highest in fifteen years ahead of the Fed’s policy decision.The yield on the 10-year Treasury note is now at 3.56% …

The dollar climbed to near 20-year highs against other major currencies on Monday, ahead of a slew of central bank meetings, including a meeting of the US Federal Reserve that is likely to approve another big interest rate hike. Exchanges were generally thin, with markets in London and Tokyo closed …

The dollar rose slightly against the yen on Thursday after data showed a more-than-expected recovery in US retail sales in August, while the Swiss franc reached its highest level against the euro since 2015. Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data …

Most investors are worried about an aggressive Fed’s hike that could knock the US economy into a recession. At the time of writing, the USD/CAD is trading at 1.3293, above its opening price by 0.51%. The Canadian dollar weakened versus the solid US dollar, piercing the 1.3300 mark briefly during …

Gold prices stabilized on Friday, near their lowest level in more than two years, and are on track to record their worst weekly performance in two months, after expectations of a large interest rate hike by the Federal Reserve (the US central bank) raised bond yields. Which extinguishes the luster …