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US Dollar Eyes 103 Ahead of Fed Decision – FOMC Preview

The US dollar remained near its five-week low as investors await the highly anticipated Fed decisions later on the day. As global banks face increasing instability, markets are eagerly anticipate clarity on...

Category - Market News

US Dollar Eyes 103 Ahead of Fed Decision – FOMC Preview

The US dollar remained near its five-week low as investors await the highly anticipated Fed decisions later on the day. As global banks face increasing instability, markets are eagerly anticipate clarity on how the FOMC...

Gold Corrects Lower After Hitting $2,000

On Tuesday, gold prices eased after reaching yearly highs in the prior session as investors took some profits off the table before an upcoming Federal Reserve rate decision. Furthermore, worries over a looming banking...

Dollar Slips on Renewed Risk Appetite 

The U.S. dollar Index (DXY) declined for the second straight session on Friday as authorities took further actions to minimize pressure on the financial system, allowing most of the major currencies that had been...

EUR/USD Recovers above 1.06 Ahead of ECB Decision

The EUR/USD plummeted during the previous session after a four-day rally as investors became more risk-averse following Credit Suisse’s worsening financial situation. This is one of the first instances in Europe...

Dollar up on Easing Fears, Gold Reverses Gains

The dollar index hovered near its weakest levels in a month at 103.7 as investors reconsidered Federal Reserve policy prospects amidst recent US banking system upheaval and the inflation figures. Investors scaled back...

US Dollar Targets 104 Ahead of CPI Release

On Tuesday, the US dollar rebounded from its multi-week low as traders feared an even more serious systemic crisis following the collapse of SVB and shutdown of Signature Bank located in New York. This caused investors...

US Dollar Eases Ahead of Employment Data – NFP Preview

The US dollar index settled around 105 on Friday as traders closely watching out for the February’s jobs report to be released later on the day. A higher reading could possibly drive up the USD even further and...

Gold Pinned Near YTD Low as Focus Turns to US NFP

Gold struggles to recovery holding near two-month low on Thursday weighted by the hawkish comments of Federal Reserve Chair Jerome Powell and better-than-expected US labor data. Gold prices held steady just above their...

Oil and Gold on Track for Weekly Gains

Oil prices fell slightly on Friday but on track to finish the week with notable gains due to higher anticipations of a restored Chinese demand despite worries about additional rate hikes from the Federal Reserve. WTI...

Gold Near 2-Month Low, USD Supported by Robust Data

Gold prices slumped further on Tuesday, approaching two-month low as economic data in the US strengthen the outlook of more rate hikes from the Federal Reserve. Consequently, this pointed towards further monetary...

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