Silver (XAG) Daily Forecast: Industrial Demand Grows but Dollar Gains Weigh – FX Empire
The election of Scott Bessent as US Treasury Secretary reassured markets with his gradual approach to trade restrictions, further stabilizing bond markets and reducing interest in non-yielding assets such as silver. . Industrial and investment demand remains strong Despite short-term challenges, the long-term demand outlook for silver remains strong. The Silver Institute predicts that global […]
Dollar gains after Trump vows tariffs against Mexico and Canada – Yahoo Finance
SINGAPORE (Reuters) – The U.S. dollar weakened on Tuesday against major rivals after President-elect Donald Trump announced he would sign an executive order imposing 25% tariffs on all products imported into the United States from Mexico and Canada. rose widely. The dollar rose more than 2% against the Mexican peso and more than 1% against […]
Dollar rebounds on Trump tariff warning; stocks point lower – Yahoo Finance
Written by Kevin Buckland and Uncle Banerjee TOKYO (Reuters) – The dollar weakened against major currencies on Tuesday after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Canada and Mexico and impose additional tariffs on China. I rebelled against it. Stocks fell, part of a solid rally in the previous session […]
US Dollar declines on quiet Monday, markets await drivers – FXStreet
The US dollar index weakened towards 107.00. Profit-taking after November's sharp rally put pressure on the US dollar. Expectations of lower U.S. corporate tax rates and a wave of deregulation should increase foreign portfolios and FDI inflows to the United States. The US Dollar Index (DXY) retreated from a two-year high on Friday, softening towards […]
USD/INR loses momentum on MSCI rebalancing and softer US Dollar – FXStreet
The Indian rupee gained momentum in early European trading on Monday. Inflows from MSCI's index rebalancing are expected to support INR, but portfolio outflows and a stronger US dollar may limit gains. The Chicago Fed National Activity Index and the Dallas Fed Manufacturing Business Index will be released later on Monday. The Indian rupee (INR) […]
Australian Dollar appreciates as US Dollar corrects downwards after hitting two-year highs – FXStreet
The Australian dollar is gaining as the US dollar has retreated from a two-year high of $108.07 on Friday. The S&P/ASX 200 index rose to an all-time high above 8,450 as Australian shares reflected Wall Street's momentum. President-elect Donald Trump has selected Scott Bessent, a Wall Street veteran and fiscal conservative, to be his Treasury […]
Gold Price Forecast: XAU/USD holds above $2,700 on softer US Dollar, geopolitical risks – FXStreet
Gold prices attracted some buyers in the early Asian session on Monday, rising to nearly $2,720. Escalating geopolitical tensions between Russia and Ukraine are driving up gold prices. The Fed's cautious stance could cap gold's upside. Gold prices (XAU/USD) soared to around $2,720 early Monday Asian time. A decline in the U.S. dollar (USD) provides […]
US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts – WOLF STREET
Amid renewed concerns about inflation and above-average economic growth. Written by Wolf Richter of Wolf Street. dollar index [DXY] The index, which pegs the U.S. dollar against a basket of six currencies dominated by the euro and yen (euro, yen, Canadian dollar, British pound, Swedish krona and Swiss franc), has so far risen to 107.6, […]
Asian FX muted as dollar remains at 1-yr high; yen steady as inflation rises – Investing.com
Investing.com — Most Asian currencies fell on Friday after the U.S. dollar hovered near 13-month highs, while the Japanese yen weakened after consumer inflation was slightly higher than expected. remained steady. Currencies in the region have fallen in recent weeks, weighed down by a strong dollar and concerns about a slowdown in the pace of […]
Forex Today: US Dollar climbs higher as focus shifts to PMI data – FXStreet
Here's what you need to know on Friday, November 22nd. After a quiet European session, United States dollar (USD) It regained momentum late Thursday and continued to rise early Friday, reaching its highest level since October 2023 above 107.00. S&P Global releases preliminary Purchasing Managers' Index (PMI) for Germany, the Eurozone, and the United Kingdom […]