Page 24 - Quantitative Easing News Today

The US Dollar (USD) Index holds steady near 103.50 on Tuesday, showing a neutral posture after the release of low-tier data.

Gold price (XAU/USD) continues to advance amid the escalating Middle East crisis as US President Joe Biden has pledged to retaliate for unmanned aerial drone attacks on US service personnel near northeastern Jordan, near the Syrian border.

The Japanese Yen (JPY) remains on the defensive against its American counterpart at the start of a new week and languishes near a two-month low touched on January 19.

European Central Bank (ECB) Vice President Luis de Guindos said that the “ECB will cut interest rates when we are sure that inflation meets our 2% goal.” Additional takeaways We have seen good news on inflation recently and sooner or later this will be reflected in our monetary policy.

EUR/USD fell to its lowest bids since mid-December, testing the 1.0800 handle after European Central Bank (ECB) officials left the doors wide open for rate cuts much earlier than investors had previously anticipated.

Arthur Hayes, the former CEO and co-founder of BitMEX, shared his insights on the current state of Bitcoin and his predictions for its future.

The Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 13:30 GMT.

The US Dollar (USD) Index is presently grappling with losses, trading at 103.35 on the DXY, in response to the release of softer Personal Consumption Expenditures (PCE) data for December, which gave the doves hope of earlier rate cuts.

Gold struggled to find direction and closed the week little changed.

The Australian Dollar (AUD) strives to build on its recent gains for the second consecutive session on Friday.