Western Union notes: The dollar drifted lower with many expecting the Fed to affirm what's at least partially baked into the value of the buck: higher interest rates are coming if the economy can stick to an improving pa…
The dollar drifted lower with many expecting the Fed to affirm what's at least partially baked into the value of the buck: higher interest rates are coming if the economy can stick to an improving path.
The dollar would stand to gain if the Fed sounds more hawkish on the outlook and puts more firmly on the table the chance of an imminent rate hike. The dollar could weaken though if the Fed should stress that it would move gradually to boost rates, given the economy's still delicate shape after contracting in Q1.
The Fed will have four more meetings this year after today with the next set for July 28-29.
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…
