EBC Daily Snapshot Aug 30, 2024

The dollar neared a one-week high on Friday, set to end a five-week slide, as strong economic data reduced bets on aggressive Fed rate cuts.

EBC Financial Group
Type: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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The dollar plays on bets

The dollar plays on bets

• The US dollar is losing confidence again. • The Fed doubts that interest rates will be lowered. • The Bank of Japan intends to continue the cycle. • The yen is testing the authorities' resolve.
FxPro | 14h 10min ago
Gold Climbs to Two-Week High

Gold Climbs to Two-Week High

On Monday, gold advanced by more than 1% to 4,050 USD per ounce, reaching a fresh two-week high. The rally was fuelled by mounting concerns over the health of the US economy.
RoboForex | 15h 13min ago