On Tuesday, the U.S. dollar hovered near its lowest point in seven months, driven by increasing expectations that the Federal Reserve may begin cutting interest rates as soon as next month.
The New Zealand dollar continued its recovery, as markets anticipate upcoming Federal Reserve rate cuts. Focus shifts to the FOMC Minutes and Powell’s speech at Jackson Hole for further guidance.
The Chinese yuan advanced on Monday, supported by a weakening U.S. dollar as the markets anticipate upcoming Federal Reserve rate cuts. However, weak Chinese economic data may limit further gains.
The U.S. dollar struggled to gain momentum on Monday, trading within a tight range against its major peers. Investors are holding their breath as they await key events later this week that could offer new insights into the future path …
Gold prices held close to record highs on Monday as growing optimism around a U.S. interest rate cut bolstered the metal’s allure. Spot gold edged 0.2% lower to $2,501.19 per ounce by 0042 GMT, just shy of Friday’s all-time high …
Copper prices poised for first weekly gain in six weeks, driven by supply concerns at the Escondida mine in Chile and positive US economic data. Learn more.
The Japanese stock market index, Nikkei share average (Symbol: Nikkei225) climbed close to 3%, setting the stage for its best weekly performance in over four years.
The U.S. dollar continued to demonstrate resilience after a string of positive economic data reinforced confidence in the U.S. economy, calming earlier recession anxieties.
Soybean futures on the Chicago Board of Trade (CBOT) experienced further declines on Friday, extending a trend that has seen the market endure three consecutive weeks of losses.
Gold prices steady as US inflation data dampens hopes for a larger Fed rate cut. Explore the implications for gold traders and upcoming economic indicators.
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