Economic News Category

Dollar Remains Weak Amid Expectations of U.S. Rates Peaking The dollar continued to weaken against major currencies, reaching multi-month lows on the euro and other currencies as investors anticipate declining U.S. interest rates in the coming year. In early Asian trading, the dollar index slipped below its 200-day moving average, extending its recent weakness. The

Xi Jinping’s Visit Aims to Fortify China-US Relations The recent four-day visit by President Xi Jinping to San Francisco has marked a pivotal moment for Sino-American relations, fostering a more stable and cooperative engagement between the world’s two largest economies, particularly in the Asia-Pacific region. The visit included a series of over 10 significant bilateral

US Treasury yields approach two-month lows amid accumulating signs of an economic slowdown U.S. Treasury yields neared their lowest in two months on Thursday following a report that indicated a larger-than-anticipated rise in weekly jobless claims. This development strengthens the belief that the Federal Reserve may not be inclined to increase interest rates further to

Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped Gold prices have seen an uptick, reaching a new daily high as a cautious mood in the market tempers risk appetite, suggesting a limited potential for further increases. On Thursday, gold (XAU/USD) halted its pullback from highs around the $1,975-1.976 mark

AUD Rebounds Before US Economic Reports The Australian Dollar (AUD) experienced a resurgence, stabilizing around the key threshold of 0.6500 amidst global market movements on Wednesday. This stability comes after Tuesday’s release of the US Consumer Price Index (CPI) data, which revealed a sharper slowdown in US inflation than forecasted, prompting a considerable drop in