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Dollar droops with US yields, stocks mixed amid rates, election risks The dollar was on the defensive on Friday following its biggest drop in a month against major peers, as it tracked a retreat in U.S. yields from nearly three-month highs after depressed Treasury prices drew buyers. Asian stocks were mixed, with some markets tracking Wall Street gains from overnight, while Japan's Nikkei struggled after the yen rebounded strongly from a three-week trough to the dollar. Hong Kong's Hang Seng rose while mainland blue chips were flat. For the wee...
Dollar droops with US yields, stocks mixed amid rates, election risks
Dollar droops with US yields, stocks mixed amid rates, election risks
Source: Reuters
2024-10-25 09:27:49 am
Gold little changed as traders seek more data for Fed rate cues Gold prices were little changed on Monday as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilised and lifted hopes for the Federal Reserve to cut interest rates later this year. Spot gold was nearly unchanged at $2,322.53 per ounce, as of 0342 GMT. Bullion was up nearly 2% in May. U.S. gold futures fell 0.1% to $2,342.70. "The short-term catalyst is going to be the jobs data and if it shows a little bit of slack building in the la...
Gold little changed as traders seek more data for Fed rate cues
Gold little changed as traders seek more data for Fed rate cues
Source: Reuters
2024-06-03 09:55:49 am
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook The dollar was steady against a handful of peers on Wednesday, as the market assessed calls for patience from Federal Reserve officials and awaited the publication of Fed minutes for more insight on the central bank's path. The kiwi stood out against the calm, leaping after the Reserve Bank of New Zealand's monetary policy decision. While RBNZ left its benchmark cash rate at 5.5% as widely expected, the central bank said that there was some concern the inflation rate had fallen ...
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook
Source: Reuters
2024-05-22 08:57:16 am
Gold hits record peak as rate cut bets burnish appeal, silver jumps Gold prices hit an all-time high on Monday as a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut soon, while silver scaled a more than 11-year peak. Spot gold was up 0.9% at $2,436.76 per ounce, as of 0340 GMT after hitting a record high of $2440.49 earlier in the session. U.S. gold futures rose 1% at $2,440.60. The main driver for gold is that there is a soft U.S. dollar and sentiment is being boosted on the basis t...
Gold hits record peak as rate cut bets burnish appeal, silver jumps
Gold hits record peak as rate cut bets burnish appeal, silver jumps
Source: Reuters
2024-05-20 10:22:24 am