EBC Daily Snapshot Sep 25, 2024

The dollar weakened as China's stimulus lifted risk appetite and expectations grew for a significant US rate cut in November.

EBC Financial Group
Type: STP, ECN
Réglementation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
read more
The dollar roller coaster ride

The dollar roller coaster ride

•The acceleration of foreign economies will weaken the US dollar. •The USD index may fall another 13.5%. •GBP is pressured by political uncertainty. •Verbal interventions are not helping the yen.
FxPro | il y a 11h 6min
Yen intervention risk rises, US jobs concerns intensify

Yen intervention risk rises, US jobs concerns intensify

Japan’s Katayama highlights negative impact of weak yen - US labor market concerns increase chance of December Fed cut - Soft UK jobs report takes BoE rate cut probability higher - Stock futures rise; gold extends rebound despite broader optimism
XM Group | il y a 11h 39min
Pound Succumbs to Pressure from Weak Labour Data

Pound Succumbs to Pressure from Weak Labour Data

The GBP/USD pair snapped a four-day winning streak, declining for a second day to trade around 1.3135. The sell-off was triggered by UK labour market data revealing a rise in unemployment and a deceleration in annual wage growth.
RoboForex | il y a 12h 45min