Dollar strengthened more than half percent against a basket of major currencies on Thursday. Currency sparked to the one week high after recent jobless claims data strengthened the case for the Federal Reserve to halt interest rate hikes, but kept a high bar for a year-end cuts. The number of
Dollar settled with a slight gain yesterday as traders waited for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession. Bullions extended its recent gains on Monday also, however prices remained in a small range. Gold prices settled with
Aluminum prices shed nearly 1.50%. Prices dropped from the high 215.10 and tested 203.75 levels. Prices came under pressure amid increasing signs of a manufacturing slowdown across the globe. An unexpected decline in Chinese manufacturing activity ramped up concerns over slowing demand in the world’s largest copper importer. Aluminum prices
Dollar dropped down more than half percent yesterday. Currency tested a day’s low 101.073, after the Federal Reserve hiked policy rate by 0.25%, in line with expectation. The Federal Reserve raised interest rates by 0.25%, and signaled that a likely pause in June, though stressed that incoming data would reign
Dollar strengthened nearly 0.40% yesterday. Inched higher to a two-week high against a basket of currencies before the Federal Reserve is expected to hike interest rates by an additional 25 basis points and after data showed that U.S. manufacturing pulled off a three-year low in April. Institute for Supply Management
Gold prices have been under pressure since this morning today. Prices continued trading downside as stronger than expected U.S. inflation. And labor market data saw fears of more Fed rate hikes come back into focus, in past three trading sessions. Gold prices plunged to the one week low yesterday. While
It was a volatile day for the entire market yesterday. After swinging in between gains and losses, the US dollar index settled at 101.532, with a minor gain 0.08%. U.S. dollar jumped to the day’s high as weaker-than-expected U.S. economic growth in the first quarter is not likely to deter
The U.S. dollar gave up its yesterday gains, and slipped nearly 0.71% yesterday. Stronger than expected earnings from tech heavyweights Microsoft. And Google owner Alphabet, have helped to improve sentiment which resulted in the recent fall in dollar. Euro gained after the forward looking German GfK consumer sentiment index came in
Copper prices plunged to a seven week low yesterday. It was the biggest intraday fall since 23 February 2023. The strong dollar and as jitters about the global economic outlook resulted in drastic fall in base metals prices. The dollar rose on deepening worries about corporate earnings and the global
Dollar index retreated by 0.36% yesterday. Currency drop slightly as after the Japanese yen fell ahead of a closely watched Bank of Japan meeting. Scheduled to release later this week. And the last few data releases before Federal Reserve and European Central Bank interest rate decisions in early May. The
