Oil Prices Crash to Lowest Level in 2024 on Growing Supply, Falling Demand Fears
Crude oil prices cratered to start the holiday-shortened trading week, erasing their 2024 gains on the prospect of higher supplies and waning demand. Oil prices…
Posts Tagged: Construction Spending
Gold Rockets Toward $2,100 on Poor Data, Fed Rate Cut Expectations
Gold futures eyed $2,100 to close the trading week and kick off March. The yellow metal has been struggling to carve out a steady direction,…
US Dollar Index (DXY) Starts 2023 With a Rally, Tops 104.00 on Safe-Haven Demand
The US dollar started off 2023 the same way it performed in most of 2022: a rally. Despite tumbling in the home stretch of last…
USD/CAD Rises Amid Weaker Construction, Manufacturing Activity
The US dollar recorded a modest gain against some of its currency counterparts to start the trading week. After exceptional growth in the first half,…
US Dollar Index (DXY) Extends 2021 Losing Streak Amid Manufacturing Recovery
The US dollar is extending its bearish tone on Tuesday as multiple factors weigh on the greenback. The buck is now trading at its lowest…
US Dollar Gains Amid COVID-19 Relief Uncertainty, Capped by Mixed Data
The US dollar is strengthening against some of its G10 currency competitors to start the trading week. The greenback, which has been slumping to its…