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Tag: US Dollar Index

Australian Dollar rises to a major level amid mixed labor data, tepid US Dollar

Australian Dollar appreciates as the ASX 200 Index continues to gain ground on Thursday. Australia’s Employment Change came in at -6.6K and the Unemployment Rate...

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Gold retreats as US CPI data diminishes Fed rate cut hopes

Gold drops as US inflation data complicates Fed rate cut intentions. Investors rethink Fed's monetary approach amid persistent inflation as they now expect two rate...

Gold price soars to unseen highs amid high US yields, unfazed by US jobs data

Gold hits record highs, defying US Nonfarm Payrolls spike and US Dollar gains, highlighting safe-haven status. Fed rate cut outlook adjusted after employment data, central...

Australian Dollar exhibits a sideways movement amid a weaker Chinese Yuan

Australian Dollar retraces its recent losses amid a stronger US Dollar. RBA minutes revealed that the board did not consider the possibility of increasing interest...

The Future of Forex Trading in the FinTech Era – Innovations and Implications

March 29, 2024 Image: Yahoo Finance, CAD/USD ChartThe world of international finance is characterized by millions of transactions daily. Canada remains an important player...

EUR/USD continues slow steady recovery on profit-taking

EUR/USD continues its bounce higher as traders take profit after last week’s volatile sell-off.  The divergence between Federal Reserve and European Central Bank speakers suggests...

USD/CAD treads water near 1.3600 amid higher Crude oil prices

USD/CAD attempts to continue its winning streak on Monday. Fed member Bostic forecasted only one interest rate cut instead of his earlier projection of two...

US Dollar reclaims status as King Dollar with second week of gains with rates mattering again

The US Dollar jumps higher for the second week in a row. Traders are challenging the Fed's dovish stance, casting doubts over its forecasts...

Gold slumps and braces around $2,150.00 as US inflation reaccelerates

Gold retreats from the $2,180 mark, reacting to hot US inflation data and Fed's cautious stance on policy easing. Rise in US Treasury yields post-PPI...

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