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 …
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Gold prices are stuck in a narrow range as investors look ahead to Powell’s testimony and the Fed’s rate hike plans. Gold prices were flat on Tuesday as investors awaited further guidance on interest rates from U.S. Federal Reserve Chair Jerome Powell. The Fed is expected to keep rates unchanged at its meeting later this …
Dollar Loses Ground as Fed Signals Pause in Rate Hikes The dollar index edged lower to 101 on Monday, continuing its downward trend from last week as the Federal Reserve suggested it may stop raising rates for now. The Fed raised its benchmark rate by 25 basis points on Wednesday, as widely expected, but dropped …
The dollar was on the back foot on Wednesday, as investors awaited a U.S. interest rate decision later in the day, with doubts about how long the Federal Reserve will maintain its tight policy stance amid disappointing jobs data and concerns over the U.S. debt limit and banking sector woes. U.S. job openings dropped for …
Sure, I can help you with that. Here is a possible rewritten version of the article: The US dollar index (DXY) was trading around 101.3 on Tuesday, down 0.4% from the previous day, as market participants weighed the prospects of the US economy and the Fed’s monetary policy stance. The market is digesting a slew …
#NZD_CHF has already crossed the trade line from the level of 0.61641. It may later move down to 0.60703 level and then to 0.58966 level