The US Dollar (USD) extended its march north, retesting new three-month highs as investors continued to assess the post-FOMC scenario and the likelihood that the Federal Reserve might hold its hand in December.
The US Dollar extended its march north, retesting new three-month highs as investors continued to assess the post-FOMC scenario and the likelihood that the Federal Reserve might hold its hand in December.
On another page, there was no news surrounding a potential deal to end the ongoing federal government shutdown.Here’s what to watch on Tuesday, November 4:The US Dollar Index advanced for the fourth consecutive day, hitting new multi-week tops and faltering just pips away from the psychological 100.00 hurdle. The RCM/TIPP Economic Optimism Index is next on tap, ahead of the API’s weekly report on US crude oil inventories. The Fed’s Bowman is also due to speak.EUR/USD extended its decline and traded at shouting distance of the key 1.1500 neighbourhood for the first time since August. The ECB’s Lagarde will speak, while Germany’s Factory Orders, seconded by the final HCOB Services PMI in Germany and the Euroland, and Producer Prices in the broader bloc are all expected on November 5.GBP/USD remained on the defensive, trading in the area of seven-month lows near 1.3100 amid the continuation of the uptrend in the Greenback and domestic fiscal concerns. The final S&P Global Services PMI will be released on November 5..USD/JPY alternated gains with losses in the upper end of its current range near 154.00. The BoJ will publish its Minutes in what will be the sole event on the Japanese calendar.AUD/USD clinched its fourth consecutive day of losses, coming closer to the 0.6520 level, or multi-day lows. The RBA is widely expected to keep its OCR unchaged, while other data releases will feature the Ai Group Industry Index.WTI came under pressure, breaking below the $61.00 mark per barrel as traders continued to evaluate the OPEC+’s plans to pause output hikes.Gold picked up some traction and advanced beyond the $4,000 mark per troy ounce, recovering part of last week’s intense pullback. Silver prices, retreated modestly, adding to Friday’s losses near the $48.00 mark per ounce.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/JPY Price Forecast: First upside barrier emerges above 101.50, RBA rate decision in focusThe AUD/JPY cross trades in positive territory near 101.10 during the early European session on Monday. The Japanese Yen (JPY) weakens against the Australian Dollar (AUD) amid the uncertainty surrounding the timing of the next rate hike by the Bank of Japan (BoJ).
Read more »
Forex Today: US Dollar rally pauses to start new weekHere is what you need to know on Monday, November 3:
Read more »
AUD/USD trades higher around 0.6550 ahead of RBA’s monetary policy announcementThe AUD/USD pair trades 0.11% higher around 0.6555 during the European trading session on Monday. The Aussie pair gains as the Australian Dollar (AUD) outperforms its peers ahead of the monetary policy announcement by the Reserve Bank of Australia (RBA) on Tuesday.
Read more »
US Dollar: Weekly Close Above 101.6 Could Redefine Greenback’s Path for Year AheadMarket Analysis by covering: Euro US Dollar, US Dollar Japanese Yen, Gold Spot US Dollar, US Dollar Index Futures. Read 's Market Analysis on Investing.com
Read more »
Canadian Dollar Weakens as US Dollar Strengthens Amidst Oil Price Decline and US Government ShutdownThe Canadian Dollar faces pressure from declining oil prices and trade uncertainty, while the US Dollar benefits from reduced expectations of a further Fed rate cut and the ongoing US government shutdown. USD/CAD edges higher as investors remain cautious.
Read more »
AUD/USD dips as US Dollar gains, RBA decision eyedAUD/USD weakens on Monday, trading around 0.6530 at the time of writing, down 0.25% on the day.
Read more »