Dollar continues to hold slightly firmer, risk showing some hints of calming down

The risk rout calms down ahead of North American trading The greenback continues to lead the charge in the major currencies space but gains have been trimmed somewhat across the board as risk sentiment exudes some calmer tones. The DAX fell by nearly 2% earlier in the session but has trimmed losses well beyond opening […]

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Dollar Edges Higher; Euro Slips as ECB Hints at Further Easing

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Thursday, with traders shying away from riskier currencies as they readjusted their expectations surrounding a potential Covid-19 vaccine. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up […]

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Fed’s Bostic hints next leg of sharp M2 expansion may be around the corner, Gold breaks $1800

Gold futures climbed above $ 1800 level after one of the architects of the Fed’s current monetary stance, Rafael Bostik, made a less optimistic assessment of the US economic recovery than Fed Chairman Powell. Right in the midst of surprising economic updates in May and June, the head Atlanta’s Federal Reserve Bank said he sees […]

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Gold’s Renewed Momentum Hints Markets are Worried about US Inflation

Gold’s renewed momentum was one of the most notable market events this week, sending price to a new 2020 high: It looks like bulls and bears argued for two months about the direction as the price stalled in the range between key levels of $ 1680 – $ 1745. Finally, sellers capitulated. Last month, around […]

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