Western Union:The Aussie dollar remained a dominant performer for a second straight day, boosted by fading expectations for further interest rate cuts Down Under. Aussie first quarter growth proved stronger than expected…
The Aussie dollar remained a dominant performer for a second straight day, boosted by fading expectations for further interest rate cuts Down Under.
Aussie first quarter growth proved stronger than expected, nearly doubling up Q4's rate of 0.5 percent with a surge of 0.9 percent. That was the fastest growth in a year and above forecasts of 0.7 percent. The Aussie this week has bounced above mid-April lows after the nation's central bank was mum on whether interest rates had further room to fall this year.
Thursday brings Aussie data on retail sales and monthly trade, numbers that will also speak to the interest rate outlook.
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…
