Gold prices rallied in Asian trading on Monday, pushing towards the $2,400 mark as investors bet on potential interest rate cuts by the Federal Reserve. The precious metal has been gaining traction after encouraging inflation …
Continue readingTag: US Dollar
Asian Currencies Weaken on US-China Trade Worries, Dollar Gains
Asian currencies experienced a downturn on Friday as anxieties over escalating trade tensions between the US and China dampened investor sentiment. The US dollar, benefiting from safe-haven demand, saw a rise even as expectations of …
Continue readingYen Surges to Four-Week High Amidst Intervention Rumors
The Japanese yen has surged to its highest level in nearly four weeks against the US dollar, prompting speculation that Japanese authorities may have intervened in the market for a second day. The rally in …
Continue readingJapanese Yen Surges as Weak US Inflation Punishes Dollar
The Japanese yen soared on Thursday, experiencing its largest single-day gain since late 2022. Traders attributed the surge primarily to dollar selling triggered by a weak US inflation report. The report fueled expectations of an …
Continue readingSouth African Rand Strengthens as Dollar Weakens on Rate Cut Hopes
The South African Rand continued its upward trend against the US dollar on Friday, fueled by expectations of interest rate cuts by the Federal Reserve later this year. The Rand traded at 18.2250 against the …
Continue reading