The US dollar firmed up on Monday, holding near its highest levels since early March as the Federal Reserve maintained a hawkish outlook on monetary policy due to persistently high inflation. The dollar index, which measures the greenback against a basket of six major currencies, rose 0.5% to 105.6. The index is up over 18% …
Dollar Firms Up on Hawkish Fed View, Antipodean Currencies Falter Read More »
Gold prices hovered below $1,930 an ounce on Thursday, as investors fretted about a hawkish Federal Reserve, global growth prospects, and weak data from Europe. The US central bank left interest rates unchanged at its latest meeting, as widely anticipated, but signaled another rate increase before the end of the year and fewer rate cuts …
Gold Stays Below $1,930 as Investors Worry About Hawkish Fed, Global Growth Read More »
The Federal Reserve’s interest rate decision in September is the most important decision the central bank will make this year, with the potential to either declare the end of the US interest rate hike cycle or surprise FX markets, which already believed to be the case. The vast majority of economists (94 of 97 polled …
The Fed’s September Decision: A Dollar-Deciding Moment Read More »
UniCredit Research analysts say that the dollar could rise after the Federal Reserve’s policy announcement due at 1800 GMT, even as interest rates are expected to be left unchanged at 5.25%-5.50%, if there are hints that rates could increase further. According to a note from the analysts, the decision shouldn’t dent dollar strength and “might …
Market Talk: Dollar Could Rise if Fed Hints at Further Rate Increases Read More »
The US dollar index fell slightly on Monday, undercut by a decline in the 10-year Treasury yield and a weak US homebuilder report. The dollar index, which measures the value of the US dollar against a basket of six other major currencies, fell 0.11% to 103.77. The decline came as the yield on the 10-year …
Dollar Slips on Decline in T-note Yield, Homebuilder Report Read More »
Gold prices edged higher in early Asian trade on Monday, ahead of the Federal Reserve’s September policy meeting on Wednesday. Investors are keenly awaiting the Fed’s decision, as it will have a significant impact on global bond yields and, by extension, gold prices. Lower bond yields tend to boost the appeal of gold, as the …
Gold Edges Higher as Investors Await Fed’s Policy Decision Read More »
Gold prices fell on Thursday as investors digested the latest US inflation data, which showed that prices rose at a faster pace than expected in June. The Consumer Price Index (CPI) rose 8.6% year-over-year, the highest level since December 1981. The core CPI, which excludes food and energy prices, rose 6.0% year-over-year. The higher inflation …
The dollar index held steady around 104.7 on Thursday as investors digested the latest US consumer inflation report, which had no significant impact on the outlook for Federal Reserve monetary policy. The annual headline inflation rate in the US rose for a second consecutive month to 3.7% in August, exceeding market expectations of 3.6%. However, …
Dollar Holds Steady After Inflation Print, Engineers Eye Producer Price Data Read More »
Gold prices steadied on Wednesday after initially falling following the release of US inflation data that showed a slight acceleration in prices. However, traders are still expecting the Federal Reserve to keep interest rates unchanged at its upcoming meeting, which is helping to support gold prices. The Labor Department reported that the US Consumer Price …
Gold Steadies as Traders Weigh Impact of US CPI Data on Fed Plans Read More »
The US dollar is expected to be volatile in the coming days ahead of a key inflation data release on Wednesday. Economists are forecasting that the consumer price index (CPI) will rise by 0.6% in August, compared to 0.2% in July. This would be the fastest pace of inflation since March 2022. If inflation comes …
How Will the US Inflation Data Affect the Dollar? Read More »