US Dollar retreats on quiet Wednesday
The US Dollar Index (DXY) exchanges hands at 102.80, recording mild losses.
Source: fxstreet.com
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RBA's Hunter: Inflation in Australia is the biggest drag on household consumption
The Reserve Bank of Australia (RBA) Assistant Governor (Economics) Sarah Hunter spoke on a panel at the AFR Business Summit on Tuesday about the economic and inflation outlook.
Source: fxstreet.com
Gold weakens ahead of US Inflation data
Gold price (XAU/USD) faces selling pressure as the United States Bureau of Labor Statistics (BLS) has reported stubborn Consumer Price Index (CPI) data for February in Tuesday's early New York session.
Source: fxstreet.com
US Dollar adds on gains following hot CPI figures
The US Dollar Index (DXY) is currently trading slightly higher at 103.05.
Source: fxstreet.com
Gold seems poised to appreciate further amid rising June Fed rate cut bets
Gold price (XAU/USD) shot to a fresh record high on Friday after the US jobs report showed a spike in the unemployment rate and bolstered expectations that the Federal Reserve (Fed) will start cutting rates in June.
Source: fxstreet.com