Dollar Dips as Investors Await Fed Rate Decision The US dollar eased against the yen on Wednesday as traders adjusted their positions ahead of a crucial Federal Reserve policy meeting expected to initiate the first interest rate cut in over four years. The market is currently pricing in a 63% chance of a 50 basis […]

Federal Reserve is set to cut interest rates for the first time in 4 years Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses […]

Dollar Strengthens Ahead of Key Economic Data and Fed Meeting The US dollar edged higher against most major trading partners early Tuesday, with a small decline against the euro, as markets await a busy day of economic data. Key reports include August retail sales and the New York Federal Reserve’s services reading for September, both […]

U.S. Dollar Near Yearly Lows as Markets Anticipate Aggressive Fed Rate Cut The U.S. dollar traded near its lowest levels of the year as markets anticipate the start of a U.S. easing cycle, with growing expectations of an outsized rate cut by the Federal Reserve. The chance of a 50 basis point rate cut has […]

Fed set to enter new era with first rate cut in 4 years Wednesday. But what comes next? When the Federal Reserve meets Wednesday, officials are expected to mark the end of an era as they cut interest rates for the first time in four years and chart a course for lower rates over the […]

Asian Markets Rise on Hopes of Fed Rate Cuts; Yen Strengthens Amid Narrowing US-Japan Interest Rate Gap The U.S. Federal Reserve is approaching its key decision on whether to cut interest rates by 25 or 50 basis points. While market expectations have shifted, now implying a 59% chance of a larger 50 bps cut, most […]

Gold Price Surge & Market Moves Amid Central Bank Actions Gold market bulls are targeting a new milestone of $3,000 per ounce, driven by monetary easing from major central banks and uncertainty surrounding the U.S. presidential election. Spot gold hit a record high of $2,572.81 an ounce, with expectations of $2,600 by the end of […]

Dollar Slumps as Markets Reassess Fed Rate Cut; Gold Hits All-Time High The dollar dropped against the yen on Friday, while gold soared to a record high as investors increased bets on a possible 50-basis point interest rate cut from the Federal Reserve next week. Media reports from the Financial Times and Wall Street Journal […]

Dollar Gains as U.S. Inflation Data Lowers Expectations for Large Fed Rate Cut The dollar posted a modest gain on Wednesday after U.S. inflation data for August came in largely as expected, reducing the likelihood of a jumbo 50 basis-point rate cut by the Federal Reserve next week. U.S. consumer prices rose 0.2% for the […]

Sterling Edges Up Against Dollar but Slips Versus Euro Amid Stagnant UK Economic Data Sterling gained slightly against the dollar on Wednesday, recovering from earlier losses, but declined against the euro after unexpected stagnation in the UK’s July economic data. The Office for National Statistics reported no growth in British economic output for the month, […]