Page 22 - Nterestrate News Today

Atlanta Federal Reserve (Fed) President Raphael Bostic gave some talking points about the 2024 economic outlook while attending the Atlanta Rotary Club on Monday.

Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar.

Gold price (XAU/USD) retreated over $20 intraday and finally settled in the red for the third successive day on Tuesday, albeit lacking follow-through selling.

Citing the Reserve Bank of Australia’s (RBA) internal documents showing how rising interest rates have impacted households and businesses, Bloomberg said “the private sector wage growth appeared to have stabilized at “around” 4.0%.” Additional takeaways “Domestic tourism demand slipped from high levels.” “Consumers have continued to trade down to cheaper products, or purchased fewer items, due to cost-of-living pressures.

Gold price (XAU/USD) attracts some buyers during the Asian session on Tuesday and for now, seems to have snapped a two-day-old losing streak.

The USD/CAD pair struggles to gain any meaningful traction on the first day of a new week and oscillates in a narrow trading band during the Asian session.

Economists at ANZ Bank see a turning point for the EUR/USD and forecast the pair at 1.15 by the end of the next year.

Former Dallas Federal Reserve (Fed) President Robert Kaplan said on Tuesday that he expects the central bank to start cutting interest rates soon to avoid the risk of sending the US economy into recession.

USD/IDR continued to be buffeted by volatile and rising US rates in 2023.

The USD/JPY fell nine-tenths of a percent on Wednesday as the market leans into bets that the Federal Reserve (Fed) will get pushed into a faster pace of rate cuts in 2024, with some investors expecting rate cuts to begin as soon as next March.