PBOC is expected to set USDCNY midpoint and 7.1132 versus 7.1358 on Friday
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
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The Mexican Peso rallied sharply against the Greenback on Friday after Federal Reserve (Fed) Chair Jerome Powell announced that the central bank is ready to begin its easing cycle.
Read More »Dollar to remain elevated in spite of rate cuts
Original source: https://www.investing.com/news/stock-market-news/dollar-to-remain-elevated-in-spite-of-rate-cuts-3586050
Read More »Gold prices rise as US Dollar tumbles after Powell’s speech
Gold price edges up over 1% on Friday as the Greenback and US Treasury bond yields dive following dovish remarks from Federal Reserve Chair Jerome Powell, who signaled he’s confident…
Read More »Forexlive Americas FX news wrap: USD falls as Powell pleges “everything we can” for jobs
Powell at Jackson Hole: The time has come for policy to adjust BOE’s Bailey: Market events like two weeks ago will happen, test is whether more triggered Fed’s Goolsbee: We…
Read More »USD/JPY nudges back above 146.00 mark in back and forth trading today
The bounce comes as buyers look to be holding at the 145.00 mark, at least for the time being. That being said, even with the push back above 146.00, it…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1317 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »US Dollar Remains Weak Ahead of Jackson Hole, USD/JPY and Gold Latest
The US dollar is trading at levels last seen eight months ago as traders wait for Fed chair Jerome Powell’s Jackson Hole speech later this week.
Read More »US CPI Steadies Around Estimates – USD and Treasuries Rise
The disinflationary process continues to make minor gains in the US as inflation data for July printed as expected for most measures. Dollar and treasuries rose, SPX futures oscillated
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