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Dollar Weakens

Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ

2023-01-13
By: Administrator_India
On: January 13, 2023
In: Economy

The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar Index, which tracks the greenback against aContinue Reading

China manufacturing

China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin

2023-01-03
By: Administrator_India
On: January 3, 2023
In: Money market

Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.0Continue Reading

Dollar down

Dollar Down as Fed Minutes, U.S. Data Weighs

2022-11-24
By: Administrator_India
On: November 24, 2022
In: Money market

The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed that most policymakers at the central bank agreed it would soon be appropriate to slow the pace of interest rate hikes. The readout of the Nov. 1-2 meeting, at which the FedContinue Reading

GOLD STEADY

Gold steady, Copper Rises Amid Smaller Rate Hike Expectations

2022-11-23
By: Administrator_India
On: November 23, 2022
In: Gold

Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bankContinue Reading

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