Aussie traded downside against the greenback on Monday. The drop can be linked to multiple catalysts - Omicron fear creating sour sentiment in the market, People’s Bank of China’s (PBOC) surprise rate cut and Slump of the Magellan Financial Group to its worst session on losing a major client. Growing fears on the omicron virus [...]
The yellow metal prices climbed on Friday and this week turned to the best week for gold since mid-November, the dollar weakened despite the Hawkish U.S. Federal Reserve decision. The Fed delivered on the expected doubling of the taper pace and said Wednesday that it will begin reducing its asset purchases by $30 billion per [...]
Australian dollar edged higher against the American dollar during the Early Asian session. This moves comes after the strong jobs data which rises the likelihood of the central bank to wind down its pandemic-era bond buying early next year, following in the foot steps of the U.S. Federal Reserve. Australia Unemployment Rate dropped to 4.6%, [...]
Japan's Nikkei inches low ahead of today’s US Federal Reserve (Fed) monetary policy meeting in Wednesday Asian session. The US dollar is showing gains as investors looked towards a key Federal Reserve policy meeting to see if it would reinforce growing market expectations for earlier rate rises next year. Bank of Japan Governor Haruhiko Kuroda [...]
