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The Chinese yuan advanced on Monday, supported by a weakening U.S. dollar as the markets anticipate upcoming Federal Reserve rate cuts. However, weak Chinese economic data may limit further gains.
The U.S. dollar struggled to gain momentum on Monday, trading within a tight range against its major peers. Investors are holding their breath as they await key events later this week that could offer new insights into the future path …
Gold prices held close to record highs on Monday as growing optimism around a U.S. interest rate cut bolstered the metal’s allure. Spot gold edged 0.2% lower to $2,501.19 per ounce by 0042 GMT, just shy of Friday’s all-time high …
On Tuesday, August 20, the Canadian Consumer Price Index (CPI) is forecasted to rise by 0.40% month-over-month, a reversal from the previous decline of -0.10%. This data release could exert downward pressure on the USD/CAD if the pair has not …
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