EBC Daily Snapshot Aug 29, 2024

The dollar steadied on Thursday, recouping some losses. Markets fully expect a 25-bp Fed rate cut next month, with a 34.5% chance of a 50-bp cut.

EBC Financial Group
Typ: STP, ECN
Förordning: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Investors cheer potential end to US government shutdown

Investors cheer potential end to US government shutdown

G10 FX performance points to increased risk appetite - US Senate advances a bill to fund government until January 30 - Wall Street futures gain on prospect of US gov. reopening - Gold rebounds strongly, perhaps in catch-up response
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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.
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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.
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