Monetary policy is determined by a country’s central bank acting independent from government. The process of drafting, announcing & Implementing the plan of actions taken by the Central Bank of a Country that controls the quantity of money in an Economy. Monetary policy involves money supply and interest rates, aimed at achieving macroeconomic objectives such as controlling [...]
The dollar has reached multi month high against Aussie dollar. The jobs report is due at 12:30 GMT and is forecast to show a solid rise of 700,000. But there is chatter about the number coming in higher and the risk that upsets the assumption that U.S. interest rates can stay at rock-bottom levels for [...]
The dollar reached a 15-month high against the yen and moved closer to several-month highs against other key allies on Thursday prior to US job report. Traders called on the U.S. on Friday to confirm that outlook. Expect a non-wage report, economists who voted Reuters expect to get 700,000 jobs last month, compared to 559,000 [...]
Gold was trading around an over two-month low on Wednesday as investors are waiting for U.S. jobs data for further clarity on the Federal Reserve's policy stance, with the precious metal heading for its worst monthly drop since November 2016. The dollar clung to recent gains on Wednesday as viral woes raised concerns in a [...]
