November, 2024 - goldcashgate

Asia FX fragile; dollar set for stellar week on rate uncertainty, Trump trade

Investing.com– Most Asian currencies moved little on Friday and were nursing losses for the week, while the dollar steadied at a one-year peak and was set for a strong week as markets dialed back bets on lower U.S. interest rates. The dollar was headed for a sixth straight week of gains as it extended its

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Sterling heads for worst weekly performance since January

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LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and growth slowed to

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Dollar notches weekly gain as traders reassess rate cut expectations

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NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax

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Dollar slips off recent highs; Fed officials due to speak

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Investing.com – The U.S. dollar slips slightly from the recently reached one-year high at the start of a week that is light on major economic data but includes comments from a series of Fed speakers. At 04:50 ET (09:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded

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Venezuela depreciation risks reversing years of inflation gains

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CARACAS (Reuters) – Currency depreciation is set to reverse years of declining inflation in economically beleaguered Venezuela, public and private sector sources say, as foreign currency sales fall short of demand and the socialist government keeps tight-lipped about its strategy. After years of hyperinflation and amid broad U.S. sanctions, in 2022 the administration of President

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Sterling finds footing after hitting six-month low on Trump victory

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LONDON (Reuters) – The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump’s victory in the U.S. presidential election. Sterling was last up 0.1% at $1.2627, from $1.2598 on Friday, its lowest since mid-May. Trump’s Nov. 5 election win has

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November 2024