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Forex Today: US Dollar struggles, Gold glitters after China rate cut; Fedspeak awaited
Here is what you need to know on Wednesday, September 25: Following another record close for Wall Street indices, the Asian equity markets also maintained a buoyant tone, led by the ongoing rally in Chinese stocks.Fxstreet
Sep 25, 2024
US Dollar steadies as the Greenback not impressed by China’s stimulus plan
The US Dollar (USD) trades mixed on Tuesday after the Chinese government issued measures to reboot its sluggish economy. The main key elements of the plan are the 500 billion Yuan (CNY) cash injection and the liquidity line with the People’s Bank ofFxstreet
Sep 24, 2024
Forex Today: US Dollar holds ground amid China optimism, Mideast concerns
Here is what you need to know on Tuesday, September 24: Risk flows seem to have returned in Tuesday’s trading, as investors cheer China’s stimulus announcement and the overnight dovish US Federal Reserve (Fed) commentary.Fxstreet
Sep 24, 2024
US Dollar gains as Europe’s activity outlook facing issues
The US Dollar (USD) strengthens on Monday and trades above 101.00 after the preliminary S&P Global and Hamburg Commercial Bank (HCOB) Purchase Managers Index (PMI) data portrayed a very sketchy picture for France, Germany, and the broader Eurozone.Fxstreet
Sep 23, 2024
US Dollar set to post third consecutive week in red as dust from Fed meeting settles
The US Dollar (USD) trades broadly steady on Friday after Thursday’s sharp decline, when traders revalued the Greenback after the US Federal Reserve (Fed) joined the European Central Bank (ECB) and several others by starting its interest-rate cutting cycle.Fxstreet
Sep 20, 2024
Dow Jones Industrial Average climbs into another record high
The Dow Jones Industrial Average (DJIA) pierced the 42,000 psychological level on Thursday as equities drove higher in a broad-market bull run after the Federal Reserve (Fed) finally delivered its first rate cut in over four years.Fxstreet
Sep 19, 2024
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