MARKET NEWS
The US Dollar Index is testing 4-week lows at 97.70 ahead of data
The US Dollar Index is testing 4-week lows at 97.70 ahead of data The greenback has been under pressure this week, trading at multi-week lows of 97.70 when measured by the US Dollar Index (DXY) on Thursday. For the third session in a row, the index loses ground and trades at the 97.70 level, despite
Read moreXAU/USD pair remains bullish as the US currency continues to fall
XAU/USD pair remains bullish as the US currency continues to fall The gold price is rising as the US currency and US yields fall. The 10-year yield is down almost 2% on the day, while the DXY index, which measures the US dollar against a basket of currencies, is down about 0.3 percent at the
Read moreGBP/USD falls from 1.3080 as the DXY declines on improved risk appetite
GBP/USD falls from 1.3080 as the DXY declines on improved risk appetite The GBP/USD pair has seen some hefty bids at 1.3080 as investors’ risk appetite improves and risk-perceived assets acquire more demand. Previously, the cable underperformed despite the Bank of England’s tightening monetary policies (BOE). To counteract rising inflation, the Bank of England raised
Read moreThe NZD/USD is in command as the US dollar strengthens
The NZD/USD is in command as the US dollar strengthens NZD/USD is trading 0.23 percent down on the day at 0.6944, having fallen from a high of 0.6963. The US dollar is up in the morning after posting its sixth weekly rise in the last seven. The DXY index, which measures the US dollar against
Read moreAs the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price For the third day in a row, gold (XAU/USD) has been in the lead, with bids at $1,963 at press time in Friday’s Asian session. The previous day, amid rising anxiety over the Ukraine-Russia confrontation, the yellow
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