Tag: Economy
Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations
The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2...
Suzuki of Japan Warns Against Undesirable Rapid FX Movements
Japan's Finance Minister, Suzuki, recently made some remarks about the foreign exchange market that have caught the attention of many. He emphasized the importance...
US Dollar Index Hits Two-Month High Before US PCE Data
The US Dollar Index, which measures the value of the dollar against a basket of currencies, has reached a two-month high as traders await...
Fed Inflation Report: What to Expect on Friday
The Commerce Department is set to release a key economic report on Friday that could bring some positive news on inflation. The personal consumption...
Australian Dollar Weakens as PMI Data Disappoints
The Australian Dollar has been facing significant declines recently due to fading RBA gains and disappointing PMI data. The AUD/USD pair has been testing...
Gold Price Drops $40 After Short-Lived Rally
Gold prices took a hit today, dropping by $40 after a brief rally that had investors hopeful. The drop has reignited concerns about the...
Gold Price Drops Following Release of Strong US PMI Data
Gold prices took a hit after the release of strong US PMI data, which showed that both manufacturing and services activity remained robust in...
Achieving Stable FX Levels in Japan: Benefits and Strategies
Japan's Chief Cabinet Secretary, Yoshimasa Hayashi, recently emphasized the importance of achieving stable foreign exchange (FX) levels in the country. According to Hayashi, having...
Understanding the Reasons Behind the Doubling of Oil Prices
Oil prices have doubled in the market, reaching $53.50 per barrel, thanks to the efforts of major oil producers like OPEC. The price collapse...
GBP/USD Price Drops After BoE Keeps Rates Steady
The British pound saw a decline on Thursday, with GBP/USD trading at 1.2683 during the North American session, marking a 0.29% decrease for the...