The Greenback regained strong downside traction and dropped to four-day lows in response to dovish Fedspeak and despite solid safe-haven demand in light of the deterioration of the geopolitical landscape in the Middle East.
The Australian Dollar (AUD) is holding steady against the United States Dollar (USD) on Monday after markets absorbed fresh geopolitical tensions involving Iran. Risk sentiment briefly deteriorated following Tehran’s missile launch toward United States military bases in Qatar.
Edgewater Markets has named Paul Allmark as its Chief Technology Officer. Based in the firm’s London office, Allmark will oversee all technology functions and report directly to Edgewater’s founders.
The Dow Jones Industrial Average (DJIA) whipsawed on Monday, churning as investors reacted to headlines that Iran had lashed out at US military assets in the Middle East in retaliation for the weekend’s missile strikes ordered by the Trump administration.
Gold prices remain bid during the North American session as breaking news revealed Iran’s attack on US bases in Qatar, in retaliation for the over-the-weekend attack on Iran's nuclear installations by the White House.
The Japanese Yen (JPY) reverses its decline from a five-week low, strengthening against the US Dollar (USD) on Monday, as the Greenback loses ground after mixed US PMI data and dovish remarks from Federal Reserve (Fed) Governor Bowman.
The Euro (EUR) advances against the Japanese Yen (JPY) for a third consecutive day on Monday, hitting its highest level in nearly eleven months, as steady Euro demand and a persistently weak Yen fuel fresh buying.
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee admitted that tariff effects have remained far below what many policymakers initially feared, but expressed caution that the Fed still needs to watch "soft" data carefully to avoid getting caught in a crossfire between interest rates an
The Dow Jones Industrial Average (DJIA) pulled back from Monday's early gains after news outlets reported that accelerating Middle East conflicts took a turn early this week.
The Dow Jones Industrial Average (DJIA) pulled back from Monday's early gains after news outlets reported that accelerating Middle East conflicts took a turn early this week.
The Pound Sterling advances during the North American session, up 0.37% against the US Dollar, as risk appetite improved amid developments in the Middle East. At the time of writing, the GBP/USD trades at 1.3500.
The US Dollar Index (DXY) is edging lower after a strong start on Monday as markets monitor the risks of an Iranian retaliation against the United States (US) and look ahead to Federal Reserve (Fed) Chair Jerome Powell’s upcoming testimony on Tuesday.
After a wave of liquidations swept through the crypto markets, traders are now eyeing signs of recovery, led by battered altcoins like Solana, XRP, and Dogecoin.
The Australian Dollar (AUD) reverses earlier losses and edges higher against the US Dollar (USD) on Monday, as traders reassess safe-haven flows following the United States' (US) launch of attacks on Iran over the weekend.
FOMC Governor Michelle Bowman indicated that if inflation pressures stay contained, she would be in favour of lowering the policy rate at the next meeting to align it more closely with its neutral setting and maintain a healthy labour market.
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