Gold prices are on track for their biggest monthly gain in four as expectations grow that major global central banks may be nearing the end of their current monetary policy tightening cycles. Spot gold is up about 1.8% in July, and is trading near $1,955 per ounce. U.S. gold futures are also up about 1.8%, …
Gold Prices Set for Biggest Monthly Gain in Four on Expectations of Rate Hike Lull Read More »
Fed Decision Could Be Mildly Positive for Dollar, but Risks Remain The U.S. Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, but the accompanying announcement could be “mildly positive” for the dollar, according to ING currency analyst Chris Turner. Turner said that the Fed may want to push …
Fed Decision Could Be Mildly Positive for Dollar, but Risks Remain Read More »
Gold’s Rally Losing Steam Ahead of Key Central Bank Meetings Gold’s rally appears to be losing steam ahead of key central bank meetings this week. The US Federal Reserve, the European Central Bank, and the Bank of Japan are all set to announce their monetary policy decisions on Wednesday, Thursday, and Friday, respectively. The Fed …
Gold’s Rally Losing Steam Ahead of Key Central Bank Meetings Read More »
Dollar Holds Steady as Fed Meeting Looms The dollar index held steady around the 101 mark on Monday, as traders remained cautious ahead of the US Federal Reserve’s key policy decision this week. The Fed is widely expected to raise interest rates by 25 basis points on Wednesday, but investors will be closely watching for …
The dollar held steady on Friday as data pointed to U.S. labor market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen wobbled after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan, and the United States are due next week, with investors …
Dollar firms, yen wobbles as Japan CPI holds above BOJ target Read More »
Yen Slips to One-Week Low as Kiwi Jumps on NZ Inflation Data The Japanese yen slipped to a one-week low against the dollar on Wednesday, while the New Zealand dollar jumped after a higher-than-expected inflation reading pushed prospects of policy easing further out. The yen fell to 139.41 per dollar, its lowest level since July …
Yen Slips to One-Week Low as Kiwi Jumps on NZ Inflation Data Read More »
Dollar Treads Water as Investors Mull Fed Outlook The dollar index held steady around the 100 mark on Wednesday, as investors continued to assess the outlook for Federal Reserve monetary policy. The index, which measures the value of the dollar against a basket of six major currencies, was little changed after data showed US retail …
Dollar Treads Water as Investors Mull Fed Outlook Read More »
The Dollar Weakens as Investors Weigh Inflation Data The dollar weakened against major currencies on Tuesday as investors assessed the latest inflation data from the United States. The Consumer Price Index (CPI) rose 8.6% year-on-year in May, slightly below expectations but still the highest level in 40 years. The strong inflation reading fueled concerns that …
The Dollar Weakens as Investors Weigh Inflation Data Read More »
Dollar Holds Decline on Dovish Fed View The dollar index held below 100 on Monday after losing more than 2% last week and sinking to its lowest levels in fifteen months, as softer-than-expected US inflation data raised hopes that the Federal Reserve may be close to the end of its current monetary policy tightening cycle. …
China’s economic data released today was a mixed bag, with some positive signs but also some areas of concern. On the positive side, industrial output rose by 4.4% in June from a year earlier, beating expectations. This was the fastest pace of growth in three months. However, retail sales growth slowed to 3.1% in June, …
Bland China data leaves market hungry for stimulus Read More »