Dollar gains in volatile trade after Fed cut; sterling lower ahead of BoE meeting

Dollar gains in volatile trade after Fed cut; sterling lower ahead of BoE meeting
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Dollar gains in volatile trade after Fed cut; sterling lower ahead of BoE meeting
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Contains the zoom details of the The Alien Room webinars Source link
Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It’s a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data,…
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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…
Dollar gains vs euro, pares losses vs yen after US payrolls data Source link
Yesterday, the EUR/USD exchange rate rose above the 1.1700 level for the first time this year. The last time one euro was worth more than 1.70 US dollars was in autumn 2019. The main driver behind the euro’s rise is the weakening dollar, largely due to decisions made by the Trump administration. This week alone,…