Quotes from Western Union:- The elusive answer to 'when will the Fed hike interest rates?' has let some air out of the dollar's rally, putting it on course for its first down month against a currency basket in eight. - M…
- The elusive answer to 'when will the Fed hike interest rates?' has let some air out of the dollar's rally, putting it on course for its first down month against a currency basket in eight.
- Markets have used the uncertain timing of a Fed rate hike to scale back dollar bullishness.
- Although uncertainty has increased for the buck's short run prospects, it could quickly enjoy accelerated appreciation if big numbers next week revive optimism in a sooner rate hike by the Fed. U.S. inflation is due Monday followed by nonfarm payrolls on Friday.
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…
