Better performing commodities and an underperforming U.S. currency helped the Aussie dollar soar to three-month highs above $0.7900. Watch out though because the higher the Aussie climbs the greater the risk of the natio…
Better performing commodities and an underperforming U.S. currency helped the Aussie dollar soar to three-month highs above $0.7900. Watch out though because the higher the Aussie climbs the greater the risk of the nation's central bank cutting its key rate from 2.25 percent.
Australian central bankers for months have signaled a low tolerance of a strong currency which they see as a risk to growth and prosperity. Expectations are already elevated for the Reserve Bank to cut rates in the months ahead. It next meets on May 5.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
