US Dollar retreats after GDP, PCE data meets forecast – FXStreet
The US dollar index plunged towards 106.00 on Wednesday. The dollar has fallen, but the market is pricing in a more hawkish Fed, so losses could be limited. October's PCE data met inflation expectations. In Wednesday trading, the U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against a basket of currencies, […]
Japanese Yen continues losing streak following Q3 GDP data – FXStreet
The yen continues to weaken due to the stagnation of domestic economic activity. Japan's GDP growth rate in the third quarter was 0.9% annually, slowing from the 2.2% growth recorded in the second quarter. Japan's Kato said he would take appropriate action to address excessive fluctuations in exchange rates. The Japanese yen (JPY) extended its […]
US GDP grew 2.8% in the third quarter, slower than expected
Don Raskin, chief investment officer at Trend Macro, shared his analysis after Jamie Dimon criticized the economy under the Biden-Harris administration on “Evening Edit.” The US economy slowed slightly more than expected in the third quarter due to easing inflation and strong consumer spending. The Commerce Department's Bureau of Economic Analysis released preliminary estimates for […]
Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP – Yahoo Finance
Written by Tom Westbrook SINGAPORE (REUTERS) – Buoyed by a dovish European Central Bank and strong U.S. indicators, especially boosting expectations of how quickly U.S. interest rates could fall if Donald Trump wins the presidential election. , the dollar on Friday was heading for its third straight weekly gain. Presidency. In Asia, market reaction to […]
Pound Sterling gains on upbeat UK factory data, expected GDP growth – FXStreet
British pound is slightly recover It fared better than its major peers after Britain's ONS reported strong factory data and forecast GDP growth for August. Traders expect the Bank of England to cut rates at at least one of its two remaining policy meetings this year. Investors are awaiting U.S. PPI data for further clues […]
UK economy returns to growth in boost to Rachel Reeves before budget | Economic growth (GDP)
Britain's economy returned to growth in August after two months of flatness, giving Prime Minister Rachel Reeves a boost ahead of the autumn budget. The Office for National Statistics (ONS) announced that gross domestic product increased by 0.2% in August, after recording zero growth in June and July. The numbers were in line with Citi […]
Second quarter GDP locks in at 3 percent growth
U.S. gross domestic product (GDP) grew at an annualized rate of 3% in the second quarter, signaling the economy's strong performance in a high-interest rate environment set by the Federal Reserve. The Commerce Department's third estimate of actual GDP growth came in at 3%, confirming its second estimate, which also came in at 3%. Both […]
UK debt hits 100% of GDP, the highest level since 1960s | Economics
The scale of the challenge facing Chancellor of the Exchequer Rachel Reeves ahead of the autumn budget was made clear with Britain's national debt rising to its highest level since the 1960s and consumer confidence collapsing. The numbers are UK Office for National Statistics (ONS) The government's outstanding debt hit 100 percent of gross domestic […]
USD/JPY rises to near 143.00 following lower-than-expected Japan GDP data – FXStreet
USD/JPY snapped a four-day losing streak following weak Japanese GDP data on Monday. Friday's U.S. labor data reduced the chances of a bold Fed interest rate cut in September. The CME FedWatch tool suggests the probability of a 50 basis point Fed rate cut has slightly decreased to 29.0%. USD/JPY halted a four-day losing streak […]
Silver Price Forecast: XAG/USD attracts some buyers above $29.00, focus on US GDP data – FXStreet
Silver prices rose to around $29.45 in the early morning European session on Thursday, up 1.03% from the previous day. Further weakening of the US dollar and continuing tensions in the Middle East are supporting silver prices. Investors are awaiting the second estimate of U.S. second-quarter GDP growth on Thursday, ahead of the release of […]