Dollar rallies as weak economic data sinks euro By Reuters

© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo By Harry Robertson LONDON (Reuters) – The dollar rose on Tuesday after briefly falling to a one-month low on the back of a drop in U.S. bond yields, as weak economic data sent the euro sliding. Survey data

Diversification benefits of Oil and Gold remain intact – UBS

Share: Investors face fresh uncertainties. Heightened geopolitical risks underline the merits of diversification, economists at UBS report. Oil and Gold assets will also be supported by market fundamentals Gold closed at a one-month high of $1,981 an ounce on 20 October, and is up around 8.7% over the past two weeks. Brent rose

Market Update – October 24

The sell off in Treasuries abated in the later part of Monday as low prices attracted buyers. Stock markets are also looking somewhat more stable and most Chinese stock gauges improved after the country’s sovereign wealth fund bought exchange traded funds to boost prices. Stock futures are higher across Europe and the US, although the

Unemployment Rate Drops in August, GBP Lifts

UK Jobs Data Recovers Slightly UK unemployment data continued the decline, revealing an additional 20.4k persons claiming unemployment benefits in contrast to consensus expectations of 2.3k. The unemployment rate for August measured 4.2%, a slight drop from estimates and the prior print of 4.3%. Customize and filter live economic data via our DailyFX economic calendar

Indonesia president says rupiah’s drop still ‘safe’, flags tax incentives By Reuters

2/2 © Reuters. FILE PHOTO: A teller counts Indonesian rupiah bank notes at a money changer in Jakarta, Indonesia, October 14, 2022. REUTERS/Willy Kurniawan/File Photo 2/2 By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s President Joko Widodo said on Tuesday the rupiah’s recent depreciation rate against the dollar was still “safe” for Southeast Asia’s