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Australian Dollar attracts some sellers as weaker data spurs RBA rate cut speculation
The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing Australian economic data and rising expectations for an early interest rate cut by the Reserve Bank of Australia (RBA) drag the Aussie lower.
Fxstreet
Dec 5, 2024
Gold price edges higher on Powell’s comments
Gold price advances during Wednesday’s North American session, sponsored by mixed US economic data. Nevertheless, the non-yielding metal remained slightly subdued as Federal Reserve (Fed) Chair Jerome Powell crossed the wires. The XAU/USD trades at $2,652, up 0.35%.
Ripple’s $RLUSD launch is delayed pending final NYDFS approval
Ripple has clarified that despite ongoing speculation, it won’t launch its stablecoin, the $RLUSD, today. The firm stated it is keen to launch under the supervision of the New York Department of Financial Services (NYDFS) while upholding the regulations.
Beige Book: Fed districts report slight growth, rising business optimism for 2025
The Federal Reserve (Fed) commented in its latest Beige Book survey released on Wednesday that US economic activity increased slightly in November after little change in preceding months, and US businesses grew more upbeat about demand prospects.
Dollar Tree stock jumps as Q3 earnings top estimates
Dollar Tree, Inc. shares jumped 5.7% Wednesday after the discount retailer reported third-quarter earnings and revenue that exceeded analyst expectations, driven by strong same-store sales growth across both its Dollar Tree (NASDAQ:DLTR) and Family Dollar brands.Investing.com
Dec 4, 2024
Asia stocks decline as South Korea faces political turmoil
Most Asian stocks dropped on Wednesday, led by a slump in South Korean shares after President Yoon Suk-Yeol's abrupt reversal of a short-lived martial law stirred political unrest and eroded investor confidence across the region.Investing.com
Dec 4, 2024
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