Investors await upcoming US data as they remain doubtful about the Fed’s upcoming monetary policy decision. Here’s what you need to know on Thursday, December 12: The US Dollar Index , which tracks the performance of a basket of six peers against the buck, rallies past 106.50, up 0.28%, underpinned by high US Treasury bond yields.
cut their 2024 and 2025 production forecasts on projections of economic weakness in China and India. WTI climbed past $70.00 per barrel. Gold prices continued to ascend for the third consecutive trading day, peaking at around $2,721 a troy ounce, as investors digested soft US CPI data. Silver consolidates shy of $32.00, capped on the downside by the 50-day SMA, and with a clear path to extend its gains.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Market focus shifts to US data dump ahead of Thanksgiving holidayHere is what you need to know on Wednesday, November 27: The US Dollar (USD) stabilizes following two days of choppy action, with the USD Index moving sideways slightly below 107.00 in the European morning on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: The US labour market remains in the spotlightThe Greenback traded on the defensive for the second day in a row on Wednesday amid lower yields and the absence of news in Powell’s remarks at an event hosted by the New York Times.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: Powell and the labour market should keep investors entertainedThe US Dollar extended further its move higher, regaining traction after a negative first half of the session and climbing to new 2024 peaks after US CPI ticked higher in October as well as prudent remarks from Fed officials.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: US CPI data and BoC rate decision to lift market volatilityHere is what you need to know on Wednesday, December 11: The US Dollar (USD) stays resilient against its major rivals early Wednesday, with the USD Index holding comfortably above 106.00.
Source: FXStreetNews - 🏆 14. / 72 Read more »