Goldman Sachs flags shrinking supply shock in USD outlook, sees delayed dollar weakness

AI is following hot on the heels of automation, playing a game-changing role in foreign exchange trading. The cleared FX market experienced strong growth in 2024, reaching $18 trillion in notional cleared, a 33% increase compared to 2023.1 And now AI is poised to supercharge this growth even further.  But as Celent stated in a…

Investing.com – The U.S. dollar edged lower Friday, handing back some of the previous session’s hefty gains after the release of solid retail sales downplayed concerns about an Imminent U.S. recession.   At 05:15 ET (09:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 102.725,…

The big event of the week was the US core PCE data. The core PCE is the Fed’s favored measure of inflation. Expectations were for 0.3% increase. The actual increase rounded to 0.2% for the core measure. In reality, the unrounded number was 0.249% just under the number needed to round to 0.2%. As a…