The dollar edged higher against a currency basket on Monday as markets awaited an upcoming Federal Reserve meeting where it is likely to hike interest rates and offer clues on the pace of monetary tightening for the remainder of this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six […]
The U.S. dollar slipped lower against other major currencies on Friday, pulling away from a one-week high following news of potential personnel changes at the White House, sparking fresh concerns over U.S. political turmoil. The greenback weakened after the Washington Post reported on Thursday that U.S. President Donald Trump has decided to replace his national […]
The dollar pushed higher against the other major currencies on Wednesday, but gains were checked by tepid inflation data and concerns over political instability in the wake of the sudden firing of U.S. Secretary of State Rex Tillerson. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged […]
The dollar moved higher against a basket of the other major currencies on Tuesday as investors looked ahead to U.S. inflation data later in the day which could offer insights into the pace of rate hikes by the Federal Reserve this year. The U.S. dollar index, which measures the greenback’s strength against a basket of […]
Gold prices held steady on Tuesday, as demand for the U.S. dollar remained mildly supported following last week’s upbeat employment data and as traders awaited the release of highly-anticipated U.S. inflation data due later in the day. Comex gold futures were little changed at $1,320.0 a troy ounce by 03:10 a.m. ET (07:10 GMT). The […]
Gold prices held steady on Monday, as the U.S. dollar mildly weakened after broadly strengthening thanks to Friday’s upbeat U.S. nonfarm payrolls report. Comex gold futures were little changed at $1,323.1 a troy ounce by 03:00 a.m. ET (07:00 GMT). The dollar initially strengthened after the Labor Department reported on Friday that the U.S. economy […]
The dollar slipped against a currency basket on Monday after the latest U.S. jobs report showed that while jobs growth remained strong, boosting risk appetite, wage growth slowed, tempering expectations for a faster pace of rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, […]
Gold prices moved lower on Friday, as market sentiment improved following news of an upcoming meeting between the U.S. and North-Korean leaders and as concerns over a potential global trade war slightly eased. Comex gold futures were down 0.20% at $1,319.2 a troy ounce by 02:20 a.m. ET (06:20 GMT). Market sentiment was boosted after […]
The U.S. dollar was hovering at one-week highs against other major currencies on Friday, as investors awaited the release of key U.S. employment data later in the day and as concerns over Washington’s protectionnist policies eased. Market participants were looking ahead to the monthly U.S. nonfarm payrolls report due later Friday, for further indications on […]
Gold prices held steady on Thursday as investors awaited more details on US President Donald Trump’s proposed steel and aluminium tariffs, the outcome of the European Central Bank’s policy meeting, and US jobs data. Spot gold rose 0.2% to $1,328.81 per ounce by 1.34pm. It hit a one-week high on Wednesday at $1,340.42, before closing […]
