Tag: DXY

Gold loses momentum as PBoC putting gold purchases on hold

Gold price attracted some sellers below the $2,400 threshold. During Monday's early…

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Japanese yen improves while USD struggles owing to rising chances of Fed rate reduction

Japanese yen rises as the USD struggles after weaker than expected employment…

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Pound sterling remains stronger after Labour won the UK elections

Pound sterling remains stable following a strong victory for Keir Starmer's Labour…

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Gold flirts with two week high ahead of US NFP

Gold regains strong momentum and approaches a two week high. The gold…

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Australian dollar increases as strong inflation drives the RBA hawkish attitude

Australian dollar extends its gains as the RBA delays rate reduction due…

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US dollar is on the bench with a focus on the UK elections

US dollar falls more on relatively dovish Fed minutes. The US Dollar…

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Pound gains due to the risk on mentality surrounding the ongoing UK general election

Pound sterling strengthens as the US dollar struggles following poor economic statistics.…

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Japanese yen recovers losses as lower US data bolster Fed rate cuts 

Japanese yen corrected from a 38-year high of 161.95. The Japanese yen…

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