Page 17 - Quantitative Easing News Today

Gold price (XAU/USD) rally hit a pause in Monday’s European session as investors await the United States Consumer Price Index (CPI) data for February, which will be published on Tuesday.

The Pound Sterling (GBP) exhibits moderate pressure in Monday’s late European session amid uncertainty ahead of a data-packed week.

Gold price (XAU/USD) holds steady around the $2,045 region during the Asian session on Friday and remains well within the striking distance of a nearly one-month peak touched the previous day.

The Japanese Yen (JPY) strengthened sharply against its American counterpart and shot to over a two-week high on Thursday after the Bank of Japan (BoJ) board member Hajime Takata dropped the clearest hint of a looming rate hike.

Op Ed by Professor Mthuli Ncube, Zimbabwe Minister of Finance

The Australian Dollar (AUD) retraces its recent losses following the release of Australia’s Retail Sales and Private Capital Expenditure data on Thursday.

The release of the Canadian GDP Growth Rate will be the salient event on the domestic calendar later in the week.

The US Dollar Index (DXY) is trading near 104 and keeps gaining traction due to markets delaying rate cuts from the Federal Reserve (Fed).

Australia’s monthly Consumer Price Index (CPI) arrived at 3.4% in the year to January 2024, compared to the annual increase of 3.4% seen in December, the Australian Bureau of Statistics reported on Wednesday.

The Japanese Yen (JPY) registered modest gains against its American counterpart on Tuesday and was underpinned by slightly stronger-than-expected domestic consumer inflation figures.