EBC Daily Snapshot Sep 5, 2024

The dollar fell Thursday on US economic worries, with the yen rising on safe-haven demand. Traders see a 44% chance of a 50-bp cut this month.

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 | 6h 34min 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 | 7h 37min ago