WCG Markets:2024-03-12
The forex market saw the U.S. dollar index experiencing its most significant weekly decline of the year, dropping 1.11% to settle at 102.74. The euro saw a slight decline against the dollar, dropping to 1.0935 despite Germany's industrial production exceeding expectations.
Last Friday, the U.S. dollar index fluctuated within a range during the Asian and European trading sessions but plummeted during the U.S. session due to an unexpected rise in the February unemployment rate.
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The US employment data is negative, US dollar continues to decline Gold hits a new high, approaching the $2,200 mark
Key Takeaways from Trading Central's Analysis
WCG Markets:2024-03-11
In the realm of foreign exchange markets, the U.S. dollar exhibited a decline against a basket of major currencies, influenced by Federal Reserve Chairman Jerome Powell's dovish remarks on potential rate cuts.
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外汇,英镑,美元,欧元,原油,黄金,白银,美股, XAU/USD,AUD/USD,EUR/USD,XAG/USD,GBP/USD,NZD/USD, USD/CHF, USD/CAD, USD/JPY
US first-time unemployment benefits unchanged. USD falls, gold rises, non-farm data pending.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Thursday, influenced by Powell's dovish remarks, the US Dollar Index weakened, falling to a more than six-week low, closing down 0.54% at 102.81.
WCG Markets:2024-03-08
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
In the forex market, the U.S. dollar experienced a decline against major currencies following Federal Reserve Chair Jerome Powell's announcement that interest rates would be lowered this year, with the dollar index dropping to 103.36.
On Wednesday, the US Dollar Index experienced fluctuations during the Asian and European sessions, but weakened during the US session, closing down 0.398% at 103.37, following Powell's statement on Capitol Hill about a potential rate cut later in the year.
Powell says rates to be cut this year, US dollar falls; gold prices rise, hit new highs.
On Wednesday, U.S. stocks rebounded, recovering a part of losses caused by the prior session's sell-off. The Dow Jones Industrial Average rose 75 points (+0.20%) to 38,661, the S&P 500 climbed 26 points (+0.51%) to 5,104, and the Nasdaq 100 was up 119 points (+0.67%) to 18,017.