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 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 »
Sales of Gold American Eagle coins fell to 36,000 ounces in July, down from 42,500 ounces in June and 64,500 ounces in July 2022. The decline in sales comes as gold prices have been steadily climbing, pushing back above the $2,000 an ounce mark late in the month. There are a few reasons for the …
Gold American Eagle Coin Sales Fall as Investors Eye Other Safe Havens 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 »
The US Dollar Selloff: Justified, But Not Sustainable The US dollar has been on a downward trend in recent weeks, hitting a 15-month low against the euro on Friday. This selloff has been driven by a number of factors, including the Federal Reserve’s hawkish stance on interest rates, concerns about a global economic slowdown, and …
The US Dollar Selloff: Justified, But Not Sustainable Read More »
Bank of Canada to hike interest rates again in Bid to tame inflation The Bank of Canada is widely expected to hike its benchmark interest rate by a quarter percentage point on Wednesday, bringing it to 5%. This would be the central bank’s third consecutive rate hike and its highest policy rate since 2007. The …
Bank of Canada to hike interest rates again in Bid to tame inflation Read More »
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 »