Asia FX firm, dollar edges lower with US-China trade, Fed meeting in focus

The US stocks declined for a second consecutive day on Wednesday. The Dow Jones (US30) dropped 0.37%, the S&P 500 (US500) was down 0.28%, and the tech-heavy Nasdaq (US100) fell by 0.31%. Individual stocks also saw mixed results. Nvidia dropped almost 1% despite announcing a $100 billion partnership with OpenAI. Oracle fell by 1.7%, and…

The late Thursday session still has a couple of items left for JPY traders, with Japan’s Labor Cash Earnings (19:30 ET) closing out the day. Friday, however, is where markets’ attention is fully centered. The European session opens with German Factory Orders (02:00 A.M. ET) followed by UK Retail Sales numbers, while at 05:00 A.M….

Investing.com – The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium.  At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…