Dollar Hovers Near Four-Week Lows Ahead of US Inflation Data

Dollar Hovers experiencing a rough patch, hovering near four-week lows against a basket of major currencies. This decline comes as investors brace for crucial US inflation data, which could significantly impact the Federal Reserve’s future policy decisions. In this article, we’ll explore the recent performance of the dollar, the influence of Fed Chair Jerome Powell’s…

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Wall Street Declines experienced a decline on Monday as investors braced for crucial inflation data and the start of the corporate earnings season. With Fed Chair Jerome Powell scheduled to testify before Congress this week, the market is on edge, awaiting insights into future monetary policies and their potential impact on the economy. Market Performance…

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Yen Declines fell in Asian trade on Tuesday against a basket of major rivals, continuing its decline for the second session against the dollar. This movement brings the yen closer to 38-year lows, under the watchful eye of Japanese authorities. The market is now keenly awaiting Fed Chair Jerome Powell’s Congressional testimony, which is expected…

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Copper Declines prices took a hit on Monday, dropping as the dollar stabilized against most major rivals. This movement follows significant measures from China concerning refined copper and aluminum imports. Given China’s position as the world’s largest metals consumer and producer, its policies are critically influential in the global copper market. Let’s explore the factors…

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Gold Resume prices have recently caught the eye of investors, especially with significant events such as Federal Reserve Chair Jerome Powell’s upcoming Congressional testimony. The intricate dance between gold prices, the dollar, and US economic data sets the stage for understanding the dynamics at play. So, what’s driving these gold price movements, and what should…

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Yen Moves gains in Asian trade on Monday against a basket of major currencies, continuing its upward trend for the third consecutive session and distancing itself from 38-year lows. This surge in the yen follows speculation that the Bank of Japan (BoJ) intervened in the forex market to bolster the currency during the US holiday…

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Dollar Trades Near continued its downward trend in European trade on Thursday, sliding against a basket of major currencies and nearing three-week lows. This decline marks the dollar’s sixth consecutive session of losses, triggered by disappointing economic data that suggests a faster-than-expected slowdown in the US economy during the second quarter. The Index The dollar…

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Wall Street Close today in observance of the Fourth of July holiday, with trading activities scheduled to resume tomorrow. This annual closure provides a brief pause in market activity, allowing investors to celebrate Independence Day while reflecting on the state of the markets. Significance of Market Closures Market holidays, such as the Fourth of July,…

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Euro About surged in European trade on Friday, extending its winning streak against major rivals for the seventh consecutive session. This impressive rally has propelled the Euro to three-week highs, poised to record its largest weekly profit in 2024. The upcoming final round of the French Parliamentary elections plays a significant role in this trend.…

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Wall Street Rise saw a positive uptick on Friday following the release of a mixed payrolls report. The majority of US stock indices posted gains as investors digested the latest employment data. Mixed Payrolls Report The latest government data revealed that the US economy added 206,000 new jobs in June, surpassing analysts’ expectations of 200,000.…

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