GBP/USD remains above 1.2650 near two-month highs – FXStreet
GBP/USD reached a two-month height at 1.2674 as the US dollar struggled in unemployed claims data. The US unemployment claims rose to 219,000 the previous week, exceeding the expected 215,000. Traders are cautious as they continue to be concerned about the UK's economic outlook. GBP/USD traded around 1.2670 at the time of writing during the […]
Gold price drops to nearly two-month low, seems vulnerable near $2,560 area – FXStreet
Gold prices remain under strong selling pressure as the Trump trade continues. The U.S. dollar hit a new year-to-date high on Thursday on optimism about strong U.S. economic growth. Rising U.S. Treasury yields are also helping to steer flows away from the lower-yielding yellow metal. Gold prices (XAU/USD) attracted sellers for the fifth day in […]
Dollar at over two-month high, yen near 150/$ – Yahoo Finance
Written by Uncle Banerjee SINGAPORE (Reuters) – The U.S. dollar was at its highest in more than two months against major currencies on Tuesday, spurred by expectations that the Federal Reserve will cut interest rates modestly in the near term, while the yen was weaker than major currencies. The dollar is slowly approaching 150 yen. […]
Japanese Yen ticks lower against USD, remains close to over two-month low ahead of US PPI – FXStreet
Amid uncertainty about the Bank of Japan's interest rate hike, the Japanese yen has been unable to extend its overnight appreciation. A modest rise in the USD further supports USD/JPY regaining some positive traction on Friday. A weakening risk tone could limit the yen's losses ahead of the US PPI report and put a cap […]
Weekly jobless claims fall to two-month low
Data released on Thursday showed weekly jobless claims fell to a two-month low ahead of Friday's closely watched employment report. The Labor Department said Thursday that jobless claims for the week ending Aug. 31 came in at 227,000, roughly in line with expectations of between 225,000 and 230,000, the lowest level since early July. According […]
US Dollar Index climbs to fresh two-month top ahead of the key US PCE data – FXStreet
DXY regained positive momentum amid some repositioning ahead of the US PCE Price Index release. Recent hawkish comments from Federal Reserve officials support one rate cut this year. Therefore, any significant inflation data will play a key role in moving the US Dollar in the near term. The US Dollar (USD) rose to a two-month […]
USD/CAD soars to a two-month high after hot US inflation – ForexLive
USD/CAD has broken out of its 2024 range as the US dollar soars across the board. Previously, the pair stalled around 1.3540 three times, but finally broke through with a 115-pip jump. USDCAD daily Oil is up 50 cents today, so Canada is getting some help on that front, but natural gas continues to hold […]