Page 35 - Quantitative Easing News Today

The Australian Dollar (AUD) extends its losses for the second successive session on Monday.

After months of stagnation or outright contraction in major price indices, a prominent economist has suggested China kick-start growth through a period of inflation with annual rates maintained at 4 to 6 per cent.

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Friday's report from the Labor Department showed that the unemployment rate dropped from 3.9% to 3.7%, not far above a five-decade low of 3.4% in April.

The US Dollar (USD) is brushing off the Japanese crisis it had on Thursday. At one given point the Japanese Yen was up 4% against the Greenback. The strong US Jobs Report print though, washes off that devaluation and puts the US Dollar back

Following an impressive rally at the beginning of the week, Gold turned south and snapped a three-week winning streak.

The US Dollar (USD) continued to command the financial markets as it soared to the 104.05 mark, primarily because of positive labor market cues and a surge in yields, which suggests that markets are delaying rate cuts in 2024.

Gold price (XAU/USD) keeps a mild buying tone in Thursday’s early European session, with price action approaching the top of the last few days’ trading range.

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Gold is looking for direction with all eyes on US ADP employment figures.