Australian Dollar loses ground as traders expect Fed to deliver nominal further rate cuts – FXStreet
The Australian dollar has fallen due to economic instability in China. This week's ANZ Roy Morgan Consumer Confidence Index remained unchanged at 83.4. The US dollar is being supported by the fading possibility of further bumper rate cuts by the Federal Reserve. The Australian dollar (AUD) remained weak against the US dollar (USD) on Tuesday, […]
Gold price bulls not ready to give up despite bets for smaller Fed rate cuts – FXStreet
Gold prices have attracted some bullish buyers, halting declines from Monday's more than one-week high. Geopolitical risks will drive flows into some havens, but a stronger U.S. dollar could limit commodity gains. Signs of a slowdown in China, the largest consumer of bullion, could put further pressure on XAU/USD. Gold prices (XAU/USD) retreated intraday from […]
U.S. Needs Migrants Because of Americans’ Low Birth Rate
Former President Bill Clinton said at a press conference on Sunday that the United States needs more immigrants to replace the children Americans don't have. “The United States doesn't have enough babies to sustain its population, so we need vetted immigrants to work for us,” Clinton said at a fish fry in Fort Valley, Georgia. […]
Gold surges on mixed US data, increased Fed rate cut speculation – FXStreet
Gold rose 1% on Friday and is on track to end the week up 0.20%. US PPI data is slightly better than expected, suggesting inflation is falling but stalling above target, while UoM consumer sentiment highlights concerns over rising costs of living I'm doing it. Despite rising U.S. Treasury yields, with the 10-year note rising […]
Asia-Pacific markets mostly higher after Wall Street declines; investors assess BOK rate decision – CNBC
A Bank of Korea sign is displayed on top of the central bank's headquarters building in Seoul, South Korea, on Thursday, August 16, 2018. South Korea's central bank raised interest rates in its second consecutive meeting on Thursday to combat consumer inflation falling from 13%. The company further raised its forecast that prices will rise […]
Fed minutes show big rate cut favored by ‘substantial majority’
At the September central bank meeting, a “substantial majority” of Federal Reserve officials supported starting an era of monetary easing with a deep half-point rate cut. But just-released minutes of the two-day meeting suggest there was broader agreement that the initial action did not commit the Fed to a specific pace of future interest rate […]
The NZDUSD continued the fall that started last week after the RBNZ rate cut. What next? – ForexLive
NZDUSD traded to a 2024 high last week (8 business days ago). The high reached 0.63778. It traded at a low of 0.60516 today after trading 50 basis points above the cut rate. This is 327 pips in one trading day. Technically, the decline seen in today's trading has pushed the price below a cluster […]
Japanese Yen drifts lower amid fading hopes for more BoJ rate hikes, ahead of FOMC minutes – FXStreet
The Japanese yen is attracting some sellers due to uncertainty surrounding the Bank of Japan's further interest rate hike. Hopes for a possible ceasefire between Hezbollah and Israel further undermine the safe-haven Japanese yen. There are concerns that the intervention will limit USD/JPY as demand for the dollar weakens ahead of the FOMC meeting. The […]
Dollar keeps poise ahead of Fed minutes, kiwi falls after big rate cut By Reuters – Investing.com
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday, offering some relief to the yen and other major currencies after surging to seven-week highs last week as investors took a break to assess the outlook for U.S. interest rates. It gave me a feeling. The New Zealand dollar fell to $0.60705, […]
Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut – Yahoo Finance
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday as investors paused to assess the outlook for the path of U.S. interest rates, adding some support to the yen and other major currencies, which soared to a seven-week high last week. It gave me a sense of relief. The New Zealand […]