© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Friday, but remained near the previous session’s elevated levels after the release of sticky U.S. inflation data awakened the prospects of another Federal Reserve interest rate hike this year. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against
Gold (XAU/USD) Analysis, Price, and Chart US Treasury yields remain near recent multi-year peaks. Gold is closing in on the late-February low at $1,805/oz. Download our brand new Q4 Gold Forecast Recommended by Nick Cawley Get Your Free Gold Forecast US Treasury yields remain within touching distance of multi-year highs head of a speech later
USD/CAD ANLAYSIS & TALKING POINTS Quiet trading anticipated today. US CPI under the spotlight tomorrow. USD/CAD negative divergence progresses. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter CANADIAN DOLLAR FUNDAMENTAL BACKDROP The Canadian dollar has managed to maintain strength against the
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Wednesday, but remained near a six-month peak as global growth concerns weighed on risk appetite. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.612, not far off
Recommended by IG Forex for Beginners Market Recap Despite a resilient start to the week, Wall Street did not manage to find much follow-through overnight (DJIA -0.51%; S&P 500 -0.28%; Nasdaq +0.06%), as elevated Treasury yields and the lack of further heavy-lifting by Nvidia (-2.8%) kept a cautious tone in place. The US two-year yields
Share: The University of Michigan’s Consumer Confidence data for August offered little change. Analysts at Wells Fargo point out that consumers anticipate prices to decline overall, despite their expectations of rising interest rates. Key quotes: “Consumers are becoming more convinced that inflation is cooling. Whether or not they fully understand the Federal Reserve’s
