The daily reports for important events that affects the forex, stocks and commodities markets.

30/10/2024 Daily Reports

Dollar Holds Strong Amid Data Frenzy as Traders Eye Fed’s Next Moves

In a whirlwind week, the U.S. dollar hovered near its three-month peak, with investors closely tracking economic data that could shape the Fed’s monetary policy path. Mixed signals from the U.S. – a confident consumer but a looser job market – left traders in suspense, while the Australian dollar edged lower after inflation data dampened rate-cut hopes. Meanwhile, global yields fluctuate amid rising Trump re-election odds, and all eyes turn to U.S. and European employment and GDP data later this week. With market drivers lining up, could these indicators signal the next big dollar rally?

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