Australian Dollar Holds Gains As Trump Announces To Cut Tariffs On China
AUD/USD gains ground after recovering its recent losses registered in the previous session, trading around 0.6590 during the Asian hours on Thursday.
Japanese Yen Remains On The Back Foot As Traders Await BoJ Governor Ueda's Comments
The Japanese Yen attracts some intraday sellers on Thursday after the Bank of Japan decided to maintain the status quo, though it lacks follow-through.
Powell Balks At The Next Step Of Hopeful Monetary Policy
Amid broad disagreements on the Fed, Chair Jerome Powell balked (on behalf of the Fed) at cutting rates again in December. I see plenty of reasons to expect the Fed to proceed with rate cuts as previously scheduled.
Gold Pauses Near Resistance As Market Digests Fed And Trade Headlines
Gold holds steady as markets weigh Fed caution, a stronger Dollar, and ongoing U.S.–China trade talks.