Dollar rebounds on hawkish Fed speak; Aussie dollar slumps By Investing.com

© Reuters. Investing.com – The U.S. dollar rose in early European trade Tuesday, rebounding from recent lows, while the Australian dollar slumped after the RBA hinted at the end of its cycle of rate hikes..  At 03:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, climbed

IMF raises China’s 2023 and 2024 growth forecasts

Share: In its latest report published on Tuesday, the International Monetary Fund (IMF) upgraded its gross domestic product (GDP) growth forecasts for China to 5.4% in 2023 and 4.6% in 2024. This came in contrast with October’s outlook when the IMF revised down 2023 and 2024 China’s growth forecasts for China to 5.0%

German Industrial Production (MoM) (Sep) Actual: -1.4% Expected: -0.1% Previous: -0.2%

German industrial output posts stronger-than-forecast fall in September German Industrial Production (MoM) (Sep) $EUR Actual: -1.4% Expected: -0.1% Previous: -0.2% German industrial production fell more than forecast in September by 1.4% compared to the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.1% decline. The office offers

Asia FX sinks on Fed, China woes; Aussie slides after RBA By Investing.com

© Reuters. Investing.com– Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone. The U.S. dollar rebounded from six-week lows, firming in Asian trade after Minneapolis Fed President

HSBC CEO says wealth flow from mainland China to Hong Kong up 3 to 4 times this year

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US dollar tumbles to six-week low after soft jobs data By Reuters

© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a six-week low on Friday after data showed the world’s largest economy created fewer jobs than

XAU/USD extends losses near $1,970 as capital shifts to riskier assets

Share: Gold price declines as capital shifts toward riskier assets due to improved risk sentiment. Gold demand is reduced due to the resurgence in US Treasury yields. Upbeat China’s Trade Balance data could provide support for the price of the precious metal. Gold price losses more ground, which can be attributed to the prevailing optimistic