The dollar trimmed a mild session gain after back to back days of tepid U.S. data argued for a later rather than sooner interest rate hike by the Fed. A day after retail sales fell, wholesale inflation fell 0.6 percent a…
The dollar trimmed a mild session gain after back to back days of tepid U.S. data argued for a later rather than sooner interest rate hike by the Fed.
A day after retail sales fell, wholesale inflation fell 0.6 percent annually in Feb versus forecasts of a flat reading of zero. Core prices eased to a 1 percent increase from a 1.6 percent gain in Jan. The dollar remains at fantastic levels for U.S. importers who should seek to lock in the more affordable market with forwards or options.
The dollar could be prone to drift lower today on profit taking after a dramatic week of appreciation. Next up: a steady dose of U.S. data next week on manufacturing and housing, and the all-important Fed decision on March 18.
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…
