US Dollar Index (DXY) Swells After Market Plunges on Abysmal Economic Data
The US Dollar Index (DXY), a gauge of the greenback against a basket of currencies, strengthened on Tuesday as investors sought shelter following disappointing economic…
Posts Tagged: Manufacturing
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…
Gold Flirts With Fresh Record Ahead of Key US Inflation Data
Gold futures flirted with an all-time intraday high to start the trading week as investors brace for key US inflation data. The financial markets are…
Chinese Yuan Struggles for Direction As Investors Monitor GDP Target, Stimulus Proposals
The Chinese yuan struggled for direction against the US dollar to start the trading week. Global financial markets are monitoring the economic situation in the…
Chinese Yuan Weakens After Mixed Factory Activity To Finish 2023
The Chinese yuan weakened against its US counterpart on Tuesday as the world’s second-largest economy faced mixed manufacturing data. The yuan has been one of…
Chinese Yuan Shrugs Off Abysmal Manufacturing, Services Data As Economy Slows
The Chinese yuan recorded modest gains against its US counterpart in the Asian trading session as investors moved on from the latest economic data. After…
Chinese Yuan Weakens Against US Dollar After Slowing GDP Growth
The Chinese yuan weakened in the middle of the trading week amid a mixed bag of economic data. The yuan has been one of the…
US Dollar Mixed As Financial Markets Brace for Next Week’s FOMC Meeting
The US dollar was mixed at the end of the trading week, as traders were cautious heading into next week’s much-anticipated Federal Reserve policy meeting….