Gold prices edge up, remains pressured by strong dollar after hawkish Fed – Investing.com
Investing.com — Gold prices edged higher in Asian trade on Tuesday, remaining weak as investors remain wary of dollar strength following hawkish U.S. Federal Reserve leanings followed. Traders also refrained from placing large bets ahead of a shortened trading week due to the Christmas holiday. By 21:46 ET (02:46 GMT), shares were up 0.2% to […]
Australian Dollar remains under pressure following the release of the RBA Meeting Minutes – FXStreet
The Australian dollar has fallen as the RBA could start cutting interest rates in February. RBA minutes suggested the board was becoming more confident about inflation. But the risks still existed. The US dollar strengthened as Fed policymakers signaled a reduction in interest rate cuts in 2025, citing a slowdown in the disinflationary process. The […]
EUR/USD: Euro Seeks Higher Grounds After Fed-Fueled Dollar Rally Eases Grip on Forex – TradingView
Important points: The euro rose slightly against the dollar Major currency pairs remain around $1.0450 Interest rate outlook stimulates currency trading Illustration: TradingView European currencies are taking a breather after being dismantled last week in a series of events. of euro dollar pair The euro was firmer on Monday morning after rising about 0.8% on […]
USD/INR rises as renewed US Dollar demand drags Indian Rupee lower to near record low – FXStreet
The Indian rupee fell in early European trading on Monday. The strong US dollar is weighing on the Indian rupee, but periodic intervention by the central bank could limit the rupee's downside. Investors are awaiting the release of the December US Consumer Confidence Index later on Monday. The Indian rupee (INR) remained weak near record […]
US Dollar Index hovers near fresh 25-month highs, 108.50, PCE Inflation awaited – FXStreet
The dollar index previously hit 108.49, the highest since November 2022. The US dollar rose as the Federal Reserve emphasized caution on its policy outlook. U.S. gross domestic product (annualized) reported growth of 3.1% in the third quarter, beating expectations for a 2.8% increase. The US Dollar Index (DXY), which measures the value of the […]
Rupee falls to all-time low of 85.12 against US dollar – Greatandhra
The Indian rupee fell by 18 paise against the US dollar to a record low of 85.12 on the National Stock Exchange (NSE) over the US Federal Reserve's (Fed)'s hawkish comments on the prospect of interest rate cuts. At Wednesday's Federal Reserve meeting, the focus shifted to maximum employment and price stability, with the FOMC […]
Australian Dollar remains steady after recovering losses, US GDP Annualized eyed – FXStreet
The Australian dollar recovered its daily losses after Thursday's announcement of consumer inflation expectations. Australian consumer inflation expectations rose to 4.2% in December, up from a previous rise of 3.8%. The US dollar index (DXY) hit 108.28 on Thursday, its highest since November 2022. The Australian dollar (AUD) narrowed its daily decline following Thursday's announcement […]
Dollar charges ahead on hawkish Fed outlook, yen awaits BOJ – Yahoo Finance
Written by Lei Wee SINGAPORE (Reuters) – The dollar hit a two-year high on Thursday after the U.S. Federal Reserve signaled a slower pace of interest rate cuts in 2025, while the yen weakened ahead of the Bank of Japan's policy decision. It fell to its lowest price in a month. (Bank of Japan) later […]
Brazil Fights Real Selloff With Two Dollar Auctions in a Day – Yahoo Finance
(Bloomberg) — Brazil's government took unusual steps Tuesday to stem a currency collapse that has accelerated in recent weeks as investors grow concerned about the government's soaring budget deficit. Most Read Articles on Bloomberg As part of the latest in a series of aggressive moves, the central bank sold more than $3 billion in back-to-back […]
Dollar gains ahead of CPI, yuan falls as China considers allowing currency to weaken – Yahoo Finance
Written by Hannah Lang NEW YORK (Reuters) – The dollar rose on Wednesday after U.S. price data was in line with expectations, boosting expectations that the Federal Reserve will cut interest rates next week. A Reuters report that China is considering allowing its currency to weaken next year also boosted the dollar, while the yuan […]