GBP/USD retreats from its highest level since March 2022, slips below 1.3400 mark – FXStreet
GBP/USD has attracted some sellers on Friday, weighed down by the USD's modest strength. Betting that the Fed will make another big rate cut in November will limit any gains. The central bank's relatively hawkish expectations should help limit losses for the currency pair. The GBP/USD pair fell during Asian trading on Friday, moving away […]
Dow falls nearly 300 points to snap four-day win streak, S&P 500 retreats from record: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange. New York Stock Exchange of Dow Jones Industrial Average and S&P 500 It fell on Wednesday, retreating from its most recent record. The S&P 500 fell 0.19% to close at 5,722.26, while the Dow Jones Industrial Average fell 293.47 points, or 0.70%, to close […]
EUR/USD: Euro Eyes $1.11 After ECB Cuts Rates to 3.5%, US Dollar Retreats Broadly – TradingView
EUR/USD: ECB Cuts Interest Rates to 3.5%, USD Falls Hard, EUR Aims for $1.11 — TradingView News Illustration: TradingView of EUR/USD pair The US dollar strengthened towards the 1.11 level after the European Central Bank cut its benchmark interest rate by 25 basis points to 3.5% on Thursday. The move, which comes on the back […]
Gold retreats from near record high as Fed rate cut speculation grows – FXStreet
Gold failed to break above the resistance of $2,531 and fell to close at $2,493 amid growing expectations of a Fed interest rate cut. U.S. nonfarm payrolls came in weaker than expected, but improving numbers and rising hourly wages raised uncertainty around a 25 or 50 basis point cut. Despite the decline in Treasury yields, […]
Kamala Harris Retreats in Scramble to Defend Blue States
With former President Donald Trump gaining momentum in Democratic states, Vice President Kamala Harris' campaign is on the defensive, failing to deliver the post-convention surge that most recent campaigns have taken for granted. The campaign plans to send Harris and her key surrogates, Minnesota Gov. Tim Walz and her husband, Doug Emhoff, to Democratic states […]
USD/JPY retreats over 50 pips from Asian session peak, slides below mid-147.00s – FXStreet
USD/JPY gained some positive momentum on Monday but struggled to capitalize on the move. Diverging policy forecasts from the Bank of Japan and the Federal Reserve proved to be the main factor restraining further gains. A positive risk stance could weaken the safe haven yen, providing some support to the currency pair. The USD/JPY pair […]
Impatient Ayatollah Khamenei Warns ‘Divine Wrath’ Will Strike if Iran ‘Retreats’ on Israel
Iran’s “Supreme Leader” Ayatollah Ali Khamenei warned his subordinates at a meeting on Wednesday that any “non-strategic retreat” would incur Allah’s “divine wrath” as the world loudly predicts an attack by Tehran on neighboring Israel. Iranian officials have boasted that they will attack Israel throughout August after removing Hamas’ “political” leader, Ismail Haniyeh, on July […]
Ukraine’s army retreats from positions in strategic town as Russia closes in
Ukrainian forces have withdrawn from the area of Khashiv Yar, a strategically important town in the eastern Donetsk region. Chasif Yar is located near Bakhmut, which Russia captured last year, and its fall could put nearby cities at risk. Relentless Russian shelling left Chasiv Yar in ruins, the town deserted, and homes and offices burned. […]
Ukraine Retreats From Frontline Positions As Kyiv Waits For Key US Aid
Ukraine’s top commander acknowledged Sunday in a rare admission that the country’s chances of victory were deteriorating, saying the military had to withdraw from front-line positions in the war against Russia, NBC News reported. Stated. The United States is in the process of providing military aid to Kiev after US President Joe Biden signed a […]
Asia FX sees some relief as dollar retreats, yen at 34-year lows – Investing.com
Investing.com — Most Asian currencies rose slightly on Wednesday as a weaker dollar brought some relief to regional markets, although the Japanese yen continued to underperform despite concerns about government intervention. The dollar retreated further from recent five-month highs this week as some Purchasing Managers Index data were weak. But persistent bets on longer U.S. […]