Monthly Archives: August 2026
Gold rises as dollar weakens; attention turns to U.S. Fed minutes
Written on August 20, 2026 at 2:32 am, by josephine
Gold prices saw a modest rise on Wednesday, gaining 0.1% to $2,331.41 per ounce by 0026 GMT, while U.S. gold futures rose 0.3% to $2,340.50. This increase comes as the U.S. dollar weakened, making gold more affordable for holders of other currencies.
Japan’s Nikkei climbs as tech stocks follow US growth shares
Written on August 20, 2026 at 2:32 am, by josephine
Japan’s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening.
USDSGD trading within a range; anticipates economic data release
Written on August 20, 2026 at 2:32 am, by josephine
The USDSGD currency pair is bound in a range on expectations of the US ISM services PMI and the non-farm payrolls report, scheduled for later today and Friday respectively.
Nasdaq composite hits record high with AI optimism and strong earnings prospects
Written on August 20, 2026 at 2:32 am, by josephine
Nasdaq composite reaches a record high driven by AI advancements. Markets focus on insights from the upcoming earnings season.
Dollar weakens after soft data, Yen still struggling
Written on August 20, 2026 at 2:32 am, by josephine
The dollar faced pressure on Thursday following U.S. economic data that indicated slowing growth. Despite this, the yen remained weak, pinned near a 38-year low, prompting concerns about possible government intervention.
Asian stocks reach 27-month high, dollar falls on rate cut speculation
Written on August 20, 2026 at 2:31 am, by josephine
Key points Asia stocks soared to a 27-month high on Thursday, driven by softer U.S. economic data that increased the likelihood of a September rate cut. This development boosted bonds and commodities while dragging down the dollar. A holiday in the United States led to thin trading as investors awaited the outcome of the UK Continue Reading
New Zealand dollar rises on Fed rate cut speculation
Written on August 20, 2026 at 2:31 am, by josephine
The New Zealand dollar (NZD) appreciated to $0.611 against the US dollar (USD) as soft labor market data and weaker-than-expected services activity in the US fueled speculation about potential Federal Reserve rate cuts later in the year.
Brazilian real rebounds with weakness hitting the US dollar
Written on August 20, 2026 at 2:31 am, by josephine
The Brazilian real strengthens as expectations of a dovish Fed policy rise. Learn about the market implications and key factors influencing the performance of BRL.
Canadian dollar rises to one-month peak before domestic jobs report
Written on August 20, 2026 at 2:31 am, by josephine
The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.
Dollar drops for 3 weeks; Pound steady after UK election
Written on August 20, 2026 at 2:31 am, by josephine
The U.S. dollar hovered near three-week lows on Friday, anticipating the release of payrolls data that could influence the outlook for interest rates. Meanwhile, the pound remained firm as the Labour party seemed poised to secure a significant majority in the UK general election.
