Gold drops from three-week peak due to profit-taking and strong dollar.
Gold Prices Dip Amid Strengthening Dollar Gold prices dropped on Tuesday as investors took the opportunity to cash in after a more than 2% rise in the previous session. The increase was further hampered by a stronger dollar. By 0125 GMT, spot gold was down 0.8% at $5,189.99 an ounce, breaking a four-session winning streak […]
Forex Today: US Dollar remains steady, Gold recovers amid tensions from Trump’s tariffs
Here’s what you need to know on Tuesday, February 24th. The U.S. dollar (USD) bounced back from earlier losses and remained generally stable on Monday as the markets processed the Supreme Court’s decision regarding President Trump’s tariffs alongside his announcement of further tariffs over the weekend. Gold saw a boost from risk aversion, rising to […]
Australian Dollar continues to rise while US Dollar falters amid tariff concerns.
AUD/USD Gains Amid Dollar Weakness The AUD/USD pair has seen an increase for three consecutive days, hovering around 0.7100 during Asian trading hours on Monday. This rise comes as the US dollar continues to weaken against other major currencies, primarily due to ongoing uncertainty surrounding tariffs. Trade policy uncertainty is still a significant concern after […]
Japanese yen rises due to trade-war concerns and a weak dollar affecting USD/JPY.
USD/JPY Pair Faces Decline Amid Market Shifts The USD/JPY currency pair has experienced a notable drop during Monday’s Asian session, managing to hold just above the 154.00 threshold before rebounding slightly. Currently, the price is around 154.35, reflecting a decrease of over 0.45% for the day, raising speculation that it might continue to slide further. […]
Weekly outlook: US Dollar remains stable as PCE inflation increases and GDP shows weakness
On Friday, the US dollar (USD) remained stable following the release of important economic data, while the US dollar index (DXY) noted a respectable weekly increase of nearly 1%. Core personal consumption expenditures (PCE) showed a year-on-year rise of 3% in December, which exceeded market predictions. This suggested inflationary pressures are climbing, providing a boost […]
Analysts predict the Canadian dollar will return to the U.S. 75-cent level by the end of the year.
Canadian Dollar Forecast for 2026 The Canadian dollar is projected to gain value against the U.S. dollar in 2026, potentially reaching 75 cents by year’s end. This outlook comes from economists and foreign exchange strategists who are focusing on the expected interest rate paths of the Bank of Canada and the Federal Reserve as important […]
Dollar poised for strongest week in four months due to a tough Fed and global tensions
The dollar gained ground on Friday, thanks to some surprisingly positive economic data, a more aggressive stance from the Federal Reserve, and ongoing tensions between the United States and Iran. As the week wrapped up, the dollar was set for its best performance since October, strongly supported by this new economic information and geopolitical concerns […]
Forex Today: US Dollar approaches a four-week peak ahead of core PCE, GDP, and PMI reports.
Here’s what you need to know on Friday, February 20th. The latest figures from the U.S. Department of Labor indicate that new unemployment claims have dropped to 206,000. This is significantly below the initial projection of 225,000 and a decrease from last week’s adjusted number of 229,000. Attention is now shifting to U.S. data expected […]
EUR/USD rises close to 1.1800, outlook stays bleak with strong US Dollar.
During European trading on Thursday, the EUR/USD pair climbed to about 1.1800. Despite the rise in major currency pairs, the US dollar (USD) retained its values from Wednesday, buoyed by the balanced minutes from the Federal Open Market Committee (FOMC) meeting held in January. The US Dollar Index (DXY), which reflects the dollar’s strength against […]
Trump family believes the U.S. dollar needs improvement, and they are the ones to lead the change.
Trump Family’s Digital Currency Venture Since its inception in 1792, the U.S. dollar has been a symbol of governmental control over currency issuance, with presidents and their families largely supporting this status quo. Historically, the government has maintained a monopoly on currency, discouraging foreign alternatives. The early days of U.S. coinage saw the government attempting […]