The Australian dollar bounced on Wednesday after its central bank opened the door to a possible rate cut. The global economic slowdown forces policymakers to go easy on rate hikes.
Category: Features
Swiss franc sinks as hopes for progress in the U.S.-China trade dispute fuelled a recovery in investors’ appetite for risk.
The dollar stood tall on Monday as strong U.S. jobs data fuelled demand while other currencies struggle in narrow ranges.
The dollar is set to end the week in the red, losing 0.6% on the day against its rivals. The dollar is widely expected to weaken this year.
Gold had its fourth month of gains as U.S. Fed pauses rate hikes. Spot gold has risen over 3% so far this month.