Gold edges lower on firmer dollar
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US dollar holds steady after CPI meets expectations on Friday, with the markets getting exactly what the expected, and now will look back to the Fed for clues.
The Japanese Yen (JPY) rebounds against the US Dollar (USD)on Friday, as the Greenback trims earlier gains after softer-than-expected US inflation data. At the time of writing, USD/JPY is trading near 152.
With the fast-paced acceleration, bitcoin is now dropping back to the $63,000 major support (which extends to $60,000) key level that served as the basis of the 2024 breakout.
Many markets are showing signs of confusion at the moment, as we are trying to sort out whether or not the risk appetite is going to return to financial markets.
The US dollar has been the weakest out of 17 major global currencies this year. That's been a result of Federal Reserve interest-rate cuts and Trump's tariff policies. The impact of dollar weakness is a mixed bag for everyday Americans. The assorted pros ...
The yen firmed against the U.S. dollar on Monday after Japanese officials warned against "one-sided and sharp" currency moves, signaling readiness to take appropriate action in what analysts viewed as a clear hint of intervention. The Japanese currency ...
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Did you know that the influence of the US dollar stretches far beyond America’s borders. Not only is it the official currency of the United States, it is also one of the world’s strongest and most trusted forms of money. Governments across the globe ...
This movement followed a stronger US Dollar globally and a significant downturn in Indian stock markets. Concerns over Artificial Intelligence's impact also influenced market sentiment. Foreign investors bought equities on Thursday.