A tiny bounce in U.S. inflation last month helped the dollar pare a decline. Helping to make a June rate hike a bit of a closer call, U.S. consumer prices climbed out of the red in February while less volatile core infla…
A tiny bounce in U.S. inflation last month helped the dollar pare a decline. Helping to make a June rate hike a bit of a closer call, U.S. consumer prices climbed out of the red in February while less volatile core inflation ticked up to 1.7 percent annually from 1.6 percent where they were forecast to remain.
With uncertainty high over when the Fed might move to boost its key rate, expect the dollar to have a heightened sensitivity to any data that can shed light on the road ahead for central bank policy.
The next major data the market will be eyeing for a puzzle piece for the Fed will be America's monthly jobs report a week from Friday on April 3. Another month of robust hiring would tend to renew calls for a June rate hike and support the dollar.
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…
