I believe that these changes would make the article more unique and engaging. I hope you like them! Here is the revised article: Dollar Plummets as Inflation Expectations Fall The dollar plunged to a two-month low on Wednesday as investors bet that inflation in the United States is slowing down. The benchmark 10-year Treasury yield …
Dollar drops as traders bet on weak U.S. inflation data Read More »
Dollar Hits 2-Month Low Before US Inflation Data Investors are betting that U.S. inflation data due later today will show a sharp slowdown, which could lead the Federal Reserve to end its aggressive rate hike cycle. Economists polled by Reuters expect to see June U.S. consumer price inflation slow to 3.1% from 4% in May. …
Dollar Hits 2-Month Low Before US Inflation Data Read More »
Dollar Weakness: A Sign of Things to Come? The dollar has been on a downward trend in recent weeks, and there are a few reasons why this might be happening. One reason is that interest rates in the United States are rising, while interest rates in other countries are staying relatively low. This makes U.S. …
Dollar Falls to 2-Month Low on Fed’s Tightening Cycle Signal, Sterling Hits 15-Month High on Strong Wage Growth The dollar weakened to a two-month low on Tuesday after Federal Reserve officials signaled that the central bank was nearing the end of its tightening cycle, while the pound hit a 15-month high after pay growth exceeded …
A hike later this month is a done deal, no matter what next week’s CPI says.
Gold prices swung between gains and losses on Monday as traders remained on the sidelines ahead of the July 4th holiday. The cautious mood prevailed as investors weighed the U.S. Federal Reserve’s (Fed) rate hike prospects for this year, especially after the top-tier U.S. ISM manufacturing PMI data unexpectedly showed that the manufacturing sector contraction …
Gold Price Swings Between Gains and Losses Ahead of July 4th Holiday Read More »
The yen remained weak against the dollar on Monday, hovering just below the psychologically important barrier of 145 per U.S. dollar. The yen has lost 9% against the dollar in the first six months of the year. Against the euro, the yen was hovering at 157.66, just under the 15-year low of 158 it touched …
Yen weak, dollar drifts as traders weigh Fed rate hike path Read More »
U.S. equity index futures rose on Friday morning after the release of the latest inflation data. The May core PCE price index, which is the Federal Reserve’s preferred inflation measure, rose 0.3% month-over-month, in line with expectations. However, the core PCE price index rose 4.7% year-over-year, below the consensus forecast of 4.8%. The weaker-than-expected inflation …
U.S. stock futures rise after latest inflation data Read More »
The US Dollar is in the green today as investors continue to price in more rate hikes from the Federal Reserve. The greenback is up against most major currencies, including the euro, the yen, and the pound. The dollar’s strength is being driven by a number of factors, including the Fed’s hawkish stance and the …
US Dollar in the green as focus shifts to Powell Read More »
The dollar is under pressure as key U.S. data looms The dollar is under pressure against major currencies on Tuesday as the market looks ahead to U.S. durable goods and other data this week that may determine the timing of further interest rate hikes. The dollar index, which measures the greenback against a basket of …
The dollar is under pressure as key U.S. data looms Read More »