Already off to a weak start Wednesday, the buck lost further ground after durables disappointed, keeping the dollar on its back foot. Durables unexpectedly sank 1.4% in February compared to forecasts of a 0.4% increase. …
Already off to a weak start Wednesday, the buck lost further ground after durables disappointed, keeping the dollar on its back foot. Durables unexpectedly sank 1.4% in February compared to forecasts of a 0.4% increase.
The lousy durables report offered evidence of how the strong dollar has hurt the manufacturing and export sectors of the economy. Forecasts for first quarter growth may get shaved as a result of today's disappointing data.
Downside risk for the dollar could be stemmed as markets are likely to assign more significance to data on jobs and inflation with the latter showing improvement on Tuesday.
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…
