Euro falters against Pound as Bank of England takes hawkish stance By Investing.com

[ad_1] © Reuters. The euro fell sharply against the British pound on Tuesday, trading near a low of 0.8700 after officials from the Bank of England delivered hawkish remarks during a UK Parliament testimony. The central bank’s unified policy stance against persistent inflation and warnings about increasing inflation pressures in the coming years contributed to

Dollar rebounds from monthly lows, Gold back at $2,000

[ad_1] Share: During the Asian session, the Australian Westpac Leading Index is due, and RBA Governor Bullock is scheduled to speak again. Later in the day, the focus turns to US data ahead of the Thanksgiving holiday, which includes Jobless Claims, Durable Goods Orders, and the University of Michigan Consumer Sentiment survey. Here

US Dollar Index (DXY) Continues Recovery as FOMC Minutes Have Minimal Impact

[ad_1] US DOLLAR, EUR/USD KEY POINTS POST FOMC MINUTES: MOST READ: Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark? The US Federal Reserve released the minutes of the November FOMC meeting a short while ago with no real surprises and a rather subdued market reaction. This shouldn’t come as a

Charting the Path: USDZAR

[ad_1] South Africa is grappling with economic challenges, marked by persistent power outages, social unrest, and structural constraints hindering growth. The latest data from Statistics South Africa shows a 1.2% quarter-on-quarter GDP growth in Q2 2023, driven by mining, finance, and trade, while agriculture, manufacturing, and construction contracted. Year-on-year, GDP contracted by 17.2% in Q2.

Meeting minutes organized by various topics

[ad_1] What does the Fed participants view on current conditions and economic outlook look like by topic? Economic Growth and Consumer Spending: Real GDP expanded strongly in Q3, driven by a surge in consumer spending. Despite robust growth, aggregate demand and supply are becoming more balanced due to restrictive monetary policy and normalizing supply conditions.

Yen Strengthens Ahead of Japanese CPI Report

[ad_1] Japanese Yen Analysis Japanese Yen backs away from supposed intervention trigger after renewed strength USD/JPY breaks beneath a dynamic level of prior support Japanese yen is most heavily shorted since at least 2020, posing risk of a short squeeze The analysis in this article makes use of chart patterns and key support and resistance

Potential for more recovery over the coming months – Commerzbank

[ad_1] Share: AUD/USD is still trading around 5% below its mid-July high. Economists at Commerzbank analyze Aussie’s outlook. Downside potential again in 2025 With the US likely to enter a recession in the coming months, while the Australian economy is expected to have a soft landing, the trend is likely to reverse in