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Tag Archives: Dollar
Aussie drops to 3-week low on weak sentiment and domestic data
Key Points: The Australian dollar extended its recent losses, falling below $0.666, marking a three-week low as weak domestic economic data and cautious global market sentiment weighed on the currency. Picture: AUDUSD dips below $0.666 due to weak consumer sentiment, as observed on the VT Markets app. A private survey showed a dip in consumerContinue Reading
Gold prices silences as markets await key Fed decision on rate cuts
Key Points: Gold prices (Symbol: XAUUSD) held near $2,500 per ounce as markets turned to speculate on the Fed’s upcoming interest rate decision, after the U.S. labour market presented a complex picture for investors. Picture: XAUUSD prices silenced as markets await the Fed’s interest rate decision, as observed on the VT Markets app. U.S. economicContinue Reading
Japan’s Nikkei drops 3% as tech stocks track Wall Street’s decline
Key points: Japan’s Nikkei 225 index dropped 3.02% on Monday, falling to 35,292.62 as of 0050 GMT, dragged down by technology and financial stocks. The drop followed a similar sharp decline on Wall Street, where tech stocks had experienced broad sell-offs. This marks the first time since August 13 that the Nikkei has broken belowContinue Reading
Dollar holds steady while yen slips amid ongoing Fed rate-cut debate
Key points: The dollar held steady on Monday as investors remained uncertain about the size of an anticipated Federal Reserve rate cut this month. Meanwhile, the yen lost some ground after last week’s rise, reflecting a pullback in risk aversion. Friday’s US jobs report added to the ambiguity in the market. Although the report revealedContinue Reading
NZDUSD holds steady as U.S. jobs data looms
Key Points: The New Zealand dollar (Symbol: NZDUSD) remained stable at $0.6221 after a week of minor losses. Picture: NZDUSD price steady as US jobs data looms, as observed on the VT Markets app. The markets are now focusing on the upcoming U.S. jobs data to gain insights into recession risks and the potential paceContinue Reading
Rupee hovering at weak levels as dollar struggles before key U.S. jobs data
Key Points: The Indian rupee (Symbol: USDINR) is poised to remain near its weakest level of 84 against the U.S. dollar as markets await crucial U.S. jobs data, which could shape the Federal Reserve’s interest rate decision at its upcoming September meeting. Picture: USDINR hovering near its record low, as observed on the VT MarketsContinue Reading
Dollar falters as rising bets suggest a larger Fed rate cut
The U.S. dollar dipped on Thursday as traders raised their expectations of an outsized rate cut from the Federal Reserve later this month. Concerns over the U.S. economy’s growth outlook, following weaker-than-expected data, have pushed investors toward safe-haven currencies like the yen. -vtmarkets.com
