-
US dollar drops, gold hits record as investors mull 'coin-toss' Fed decision
The dollar fell on Friday to its lowest this year against the yen and gold hit a record high after a dramatic overnight shift in investor expectations for a super-sized Federal Reserve interest rate cut next week. Stocks, Treasury prices and commodities all rallied after traders raised the chances of a half-point cut from the Fed next week to 41%, from closer to 14% a day ago, before articles in the Financial Times and Wall Street Journal each called the decision "a close call". Influential former New York Fed President Bill Dudley later said at a forum in Singapore "there's a strong case for 50." "I've been firmly in ... (full story)
- Comments
- Subscribe
-
- Older Stories
From consilium.europa.eu|Sep 14, 2024The European Commission and the European Central Bank provided their assessment of the latest macroeconomic and fiscal developments and outlook, followed by a discussion of ...
From asiatimes.com|Sep 14, 2024|6 commentsThere is no other way to interpret it: Washington and its client NATO members are declaring war on Russia. That is the direct meaning of Ukrainian President Volodymyr Zelensky’s ...
From marctomarket.com|Sep 14, 2024The market had been gradually scaling back from speculation of a 50 bp cut this week by the Federal Reserve. The euro and sterling tested important technical support near $1.10 ...
-
- Newer Stories
From smallcaps.com.au|Sep 15, 2024It was a close-run thing but the Australian market missed out on setting a new record on Friday thanks mainly to a rare downward pull from the big banks. At one stage the ASX 200 ...
From forex.com|Sep 15, 2024Of the major FX pairs that I track, GBP/USD seemed to have one of the brighter backdrops earlier in the summer. The first test above the 1.3000 handle happened around the same ...
From bnnbloomberg.ca|Sep 15, 2024Former Bank of Canada Governor Stephen Poloz says “everything is going as it should” for Canada to get inflation under control. “We have a lot of downward pressure built up in the ...
- Story Stats
- Posted: Sep 14, 2024 7:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,529
