The yellow metal rose against the greenback for the second consecutive day on Wednesday and is trading around $1790 at the time of writing. The reason can be linked to the retreat in the U.S. Treasury yields and the dollar eased, with investor now changing their focus to key inflation data due this week that [...]
Pound is trading high against the greenback on Tuesday. The Slide in the dollar can be the reason behind this move. The Benchmark 10-year and 30-year US Treasury yields have pulled back from their one-week highs hit on Tuesday and are sliding further in Asia which is pressuring the greenback. The Market mood also improved [...]
Euro is trading low against the greenback in the Monday Asian session. The softer-than-expected US Nonfarm Payrolls (NFP) and the worsening of the Eurozone’s investor sentiment underpinned this move. The Unemployment rate dropped lower than the expectation of 4.7% to 4.2% this data helped the greenback. However US NFP disappointed labor market optimists with 210K [...]
Kiwi trades low against the greenback during Friday early session. This move can be related to the release of China’s Caixin PMI data. The kiwi also shows the sour market sentiment, as well as reacts to the softer data and the Nonfarm payroll data. China’s Caixin Services PMI for the month of November came below [...]
