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 […]