US Dollar gives up gains of robust GDP and labor market figures
The US Dollar Index (DXY) initially soared to 104.70 but then stabilized at 104.50.
Source: fxstreet.com
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Gold rises on firm Fed rate cut projections, US core PCE inflation eyed
Gold price (XAU/USD) soars to $2,190 in Wednesday’s early American session amid multiple tailwinds.
Source: fxstreet.com
US Dollar trades mildly up in quiet Wednesday
The US Dollar Index (DXY) is currently trading with mild gains at 104.3, a level close to Friday's peak of 104.50.
Source: fxstreet.com
US Dollar stands midly up as markets gear for PCE data
The US Dollar Index (DXY) is hovering around 104.20, trading with mild gains against its rivals on Tuesday.
Source: fxstreet.com
Fed's Bostic now anticipates just one rate cut this year
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said on Friday that he expected just one interest rate cut this year instead of the two rate cuts he had forecast, citing persistent inflation and stronger-than-anticipated economic data.
Source: fxstreet.com