Yen Tries to made notable gains in Asian trade on Thursday, reversing its recent downward trend against a basket of major rivals. This rebound marked the yen’s first profit in three sessions against the US dollaras the currency attempted to recover from four-week lows. The key driver behind this uptick was a significant rise in …
Yen Tries to Recoup Trough Amid Brisk Developments Read More »
Dollar Backs Off on Thursday, the dollar retreated in European trade, pulling back from two-week highs against a basket of major rivals. This decline was driven by active profit-taking and a tapering off of US treasury yields. The market now focused on the upcoming US GDP growth data for the first quarter and unemployment claims …
Dollar Backs Off Two-Week High Ahead of US Growth Data Read More »
Oil Price Hit gained ground in American trade on Tuesday, on track for a third consecutive session of profits, hitting a one-week high as the dollar weakened. US crude is poised to trade above $80 a barrel again, driven by strong expectations that OPEC+ will extend its production cuts through the second half of 2024 …
Oil Price Hit One-Week High as the Dollar Loses Ground Read More »
Gold Driven Lower prices fell on Wednesday as the dollar strengthened against most major currencies, accompanied by a surge in US treasury yields. This trend comes ahead of crucial economic data releases, including US GDP growth for the first quarter and personal spending data, which is the Federal Reserve’s preferred inflation measure. Gold’s Decline As …
