July 16, 2024

Dollar Rises After Comments by Fed Chair on September Rate Cut

The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell.

The dollar index , which measures the US unit against six peers, was at 104.3.

The euro was at USD 1.08…

Gold Prices Rise Amid Optimism about US Interest Rate Cuts

Gold prices rose Tuesday after statements by Chair of the Federal Reserve (US central bank) Jerome Powell strengthened the justifications for lowering interest rates in September 2024, while investors await more US economic data for other indicators a…

Oil Prices Down After China Reports Subdued GDP Growth

Crude oil declined in early trade on Tuesday, after China reported subdued GDP growth in 2024.

Global crude benchmark Brent was down 0.67 to $84.28 per barrel.

The US West Texas Intermediate (WTI) crude was trading at $81.32 per barrel, lower by 0.7…

Oil Prices Down After China Reports Subdued GDP Growth

Crude oil declined in early trade on Tuesday, after China reported subdued GDP growth in 2024.

Global crude benchmark Brent was down 0.67 to $84.28 per barrel.

The US West Texas Intermediate (WTI) crude was trading at $81.32 per barrel, lower by 0.7…