Market Overview August 14

The dollar remained steady against most major currencies on Monday as markets turned their focus to crucial US economic data expected later this week.

Economic News
2024年8月14日

The dollar remained steady against most major currencies on Monday as markets turned their focus to crucial US economic data expected later this week.

Last Monday, Wall Street experienced significant turbulence, with widespread selloffs triggered by fears of a potential US recession. However, the market managed to recover some of its losses in the following sessions.

This week, investors are eagerly awaiting a series of key economic reports, including figures on consumer and producer prices, industrial output, and retail sales, which will provide further insight into the economic outlook.

In the latest trading session, the dollar index held steady at 103.1 as of 21:00 GMT, reaching a high of 103.3 and dipping to a low of 103.09. Concurrently, gold prices surged to new record levels as the dollar remained stable against most major counterparts.

Additionally, spot gold prices increased by 1.5%, reaching $2,511.4 per ounce as of 21:01 GMT.

Create an Account

Robert Thompson

Economic News

Market Overview August 7

Following US inflation data, stock indices in the United States rose on Wednesday, with the NASDAQ and S&P 500 setting new records.

Robert Thompson
2024年8月07日

Economic News

Market Overview July 31

The likelihood that Trump will win, which would propel the cryptocurrency market, has decreased as current Vice President Kamala Harris is ready to claim the Democratic Party's presidential ticket.

Robert Thompson
2024年7月31日

Economic News

Market Overview July 24

In Wednesday's Asian trading, the New Zealand dollar declined vs a group of significant competitors, continuing its decline against the US dollar and emerging as the worst-performing global currency.

Robert Thompson
2024年7月25日