Gold firms as soft US data pressures dollar, fuels rate-cut bets
Gold prices inched higher on Wednesday (Aug 13), supported by a weaker US dollar after tame US inflation data cemented bets for an interest rate cut in September, although a trade war…
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Dollar
Gold slips as dollar firms, investors book profit; US data on tap
Gold prices slipped on Monday (Aug 11) as the US dollar strengthened and some investors locked in profits after a recent rally, with markets now focused on upcoming US inflation…
US dollar softness to relieve pressure on Asia’s foreign exchange defenders
The worst may be over for Asia’s central banks that have ramped up efforts defending local currencies after a resurgent US dollar and fresh US tariffs fuelled pressure across the region. A…
Gold inches higher as US dollar weakens on Fed rate cut hopes
Gold prices edged higher on Thursday (Aug 7), helped by a weaker US dollar on growing expectations of a Federal Reserve rate cut next month, while investors awaited US President Donald…
Gold rises as Fed rate cut bets pressure dollar, yields
Gold prices rose on Tuesday (Aug 5), after gaining in the last three sessions, supported by a weaker US dollar and lower Treasury yields following last week’s weak US jobs data that…
Emerging market funds adjust bets as ‘sell the dollar’ trade loses appeal
THE US dollar’s bounceback in July is convincing some emerging market investors to bet that it will keep rising in coming months. T Rowe Price Group says it now favours US…
US dollar tumbles;traders bet on more US rate cuts after weak jobs report
THE greenback dropped on Friday (Aug 1) and was on track for its biggest daily loss against the yen since January 2023 after data showed that US employers added fewer jobs in July than…
US dollar strengthens against Singapore dollar, reverses broad weakening trend this year
The US dollar has climbed nearly 1.5 per cent in the past six days, reversing a downward trend that has persisted for much of this year. The US dollar index (DXY) posted a high of…
Gold edges down on stronger US dollar, easing tariff concerns
Gold prices edged lower in early trade on Tuesday (Jul 29), weighed down by easing concerns over a global tariff war and a stronger US dollar, while investors focussed on the US Federal…
US dollar set for worst week this month as trade deadline nears
The US dollar is wrapping its worst week in July as US President Donald Trump amps up his calls for interest-rate cuts amid a looming deadline for trade deals. The greenback has weakened…
Trump says he likes a strong dollar, but a weaker one is ‘good for inflation’
U.S. President Donald Trump said on Friday he liked a strong dollar but “you make a hell of a lot more money” with a weaker one. “So when we have a strong dollar, one thing happens: It…
Trump Says a Weak Dollar Is a Good Thing, Actually
A weak dollar is better than a strong dollar, according to Donald Trump. The dollar hasn’t fallen this fast since 1973. Over the last six months, the dollar has declined more than 10…
Gold flat as easing trade tensions offset boost from soft US dollar
Gold prices held steady on Thursday (Jul 24) after a sharp drop in the previous session, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a…
Asian local-currency bond sales reach record on risks to US dollar
US President Donald Trump’s unpredictable policy moves are driving investor demand for Asian local-currency bonds, spurring fresh interest in the region. Companies and non-sovereign…
Weaker US dollar, bond yields lift gold to more than five-week high
Gold prices climbed to a more than five-week peak on Wednesday (Jul 23), supported by a softer US dollar and lower Treasury yields as investors looked forward to signs of progress in US…
Singapore dollar faces pressure from US tariffs, policy shift
The Singapore dollar is under renewed pressure as US trade challenges are primed to worsen and as speculation of exchange-rate policy easing rises. The Asian currency, which is already…
US dollar slips against euro but maintains weekly gains
The US dollar slipped against the euro on Friday (Jul 18) but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to…
Gold heads for weekly dip as strong dollar, US data weighs
Gold was flat in early Asian trade on Friday (Jul 18), heading for a weekly fall, weighed down by an overall stronger US dollar and solid US economic data. Spot gold was steady at…
Gold dips as US dollar firms, Trump’s Powell remarks ease market jitters
Gold prices dipped in early Asian trade on Thursday (Jul 17), pressured by a firmer US dollar and easing market tensions after US President Donald Trump said it was “highly…
US dollar gains on yen after consumer price data
The US dollar gained against the Japanese yen and was little changed against the euro on Tuesday (Jul 15) in choppy trading, after data showed US consumer price inflation was close to…
US dollar steadies amid muted reaction to Trump’s 30% tariff threat to EU and Mexico
THE euro briefly hit a three-week low on Monday (Jul 14) before partially recovering, while the US dollar held steady in a muted reaction to US President Donald Trump’s threat to impose a…
US dollar has best week since February on tariff inflation risks
The US dollar turned in its best weekly performance in more than four months as US President Donald Trump’s latest tariff threats heightened concern that escalating trade tensions…
Investors flock to US dollar as Trump unveils US tariff plans
The US dollar jumped the most in three weeks after US President Donald Trump unveiled a wave of proposed tariffs, a sign investors are confident the US economy can largely withstand the…
As US stocks hit records, experts see the dollar falling further
While the US stock market has fully recovered from a spring rout, the relentless drop in the dollar is prompting currency experts to warn of greater financial market turmoil ahead. The…