Cotton prices fell to their lowest level in more than two weeks on Thursday, as the dollar continued to strengthen and concerns persisted about demand from top consumer China. The dollar index, which measures the greenback against a basket of currencies, rose to its highest level since August 2020. A stronger dollar makes cotton more …
Cotton Falls to 2-Week Low on Dollar Strength, China Demand Concerns Read More »
Gold prices held steady on Thursday, as traders awaited a key speech by Federal Reserve Chair Jerome Powell. The metal is seen as a safe haven asset and often rises when investors are worried about the economy. Powell is scheduled to speak at the Jackson Hole Economic Symposium on Friday. His speech is closely watched …
Gold prices inched higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates. Spot gold was up 0.1% at $1,918.64 per ounce by 0906 GMT, after hitting a one-week low on Wednesday. …
Gold Steadies as Bond Yields Tick Lower, Traders Await More US Data Read More »
Gold prices edged lower on Tuesday, as the US dollar continued to strengthen against a basket of major currencies. The dollar index, which measures the greenback against a basket of six other currencies, rose to its highest level in over two weeks. A stronger dollar makes gold more expensive for buyers who use other currencies, …
Gold Prices Edge Lower as Dollar Strength Continues Read More »
Dollar Firms Up as Traders Weigh Fed’s Path The dollar index firmed up around 102 on Tuesday, hovering near its strongest levels in three weeks as traders weighed the Federal Reserve’s path for monetary policy. On Monday, a Federal Reserve survey showed US banks reported tighter credit standards and weaker loan demand from both businesses …
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 …
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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 »