Vance Questions the Dollar's Global Role as Washington Weighs a Weaker Currency
Economy

Vance Questions the Dollar's Global Role as Washington Weighs a Weaker Currency

The vice president's long-held concern that the strong dollar benefits consumers at the expense of US producers is back ...

Niamh O'Sullivan 👁 59 💬 0
Dollar Steadies Below 100 as Traders Await US Inflation Test
Markets

Dollar Steadies Below 100 as Traders Await US Inflation Test

Foreign exchange markets are in a deceptive calm before Wednesday’s US CPI release, with the yen at a monthly low despit...

Yael Ben-David 👁 52 💬 0
UBS Forecasts Gold Could Hit $5,000 per Ounce by Mid-2027
Markets

UBS Forecasts Gold Could Hit $5,000 per Ounce by Mid-2027

The Swiss bank expects falling real yields and a weaker dollar to propel bullion higher, but warns of near-term volatili...

Yael Ben-David 👁 31 💬 0
US Payrolls Shock Crushes September Rate Hike Odds, Sends Dollar Tumbling
Economy

US Payrolls Shock Crushes September Rate Hike Odds, Sends Dollar Tumbling

A much weaker than expected US nonfarm payrolls report slashed market-implied odds of a Fed rate hike in September, send...

Niamh O'Sullivan 👁 49 💬 0
Gold Jumps 3% Toward $4,200 as Dollar Slips and Yields Slide
Markets

Gold Jumps 3% Toward $4,200 as Dollar Slips and Yields Slide

Gold rallied 3% to $4,199.78 an ounce as a weaker dollar and sliding Treasury yields drew buyers, with Middle East tensi...

Yael Ben-David 👁 46 💬 0
US and Japan Step In to Halt Yen's Slide in First Joint Intervention Since 2011
Economy

US and Japan Step In to Halt Yen's Slide in First Joint Intervention Since 2011

Washington and Tokyo bought yen for the first time since 2011 after the currency hit a 40-year low, warning they stand r...

Niamh O'Sullivan 👁 30 💬 0
Gold Heads for First Monthly Gain in Five Months Despite Friday Retreat
Markets

Gold Heads for First Monthly Gain in Five Months Despite Friday Retreat

Spot gold slipped 0.5% on Friday but is still up 1.8% in July, underpinned by consistent buying near the $4,000 mark eve...

Yael Ben-David 👁 36 💬 0
Rupee Surges to Three-Week High on RBI Intervention and Dollar Weakness
Markets

Rupee Surges to Three-Week High on RBI Intervention and Dollar Weakness

The Indian rupee rallied to 95.39 against the dollar, its strongest level in three weeks, as aggressive RBI dollar sales...

Yael Ben-David 👁 34 💬 0
Dollar Slides as US Inflation Cools and GDP Misses; Yen Surges on Intervention Bets
Markets

Dollar Slides as US Inflation Cools and GDP Misses; Yen Surges on Intervention Bets

The dollar fell broadly after weaker-than-expected US economic data pushed back rate hike expectations. The yen jumped 2...

Yael Ben-David 👁 29 💬 0
Bank of America Urges Rotation Into Gold as August-October 'Danger Zone' Looms
Markets

Bank of America Urges Rotation Into Gold as August-October 'Danger Zone' Looms

Seasonal data shows the S&P 500 averaging near-zero returns from August to October, while gold, the dollar, and bonds hi...

Yael Ben-David 👁 40 💬 0
Gold Edges Up on Dollar Weakness as Markets Weigh Middle East Pause and Fed Outlook
Markets

Gold Edges Up on Dollar Weakness as Markets Weigh Middle East Pause and Fed Outlook

Spot gold rose 1% to $4,094.50 on Monday, supported by a softer U.S. dollar, while a halt to U.S.-Iran hostilities eased...

Yael Ben-David 👁 44 💬 0
MCX Gold, Silver Rally as Dollar Weakens; US Fed Decision Looms
Markets

MCX Gold, Silver Rally as Dollar Weakens; US Fed Decision Looms

Gold and silver futures climbed on India's MCX as a tumbling dollar and sliding crude oil prices, driven by a pause in U...

Yael Ben-David 👁 34 💬 0