Roundup
110 articles
Gold sinks 2.77% to $3,874.70; USD/JPY touches 160 and slips back
Gold fell 2.77% to $3,874.70, below its 30 October close, and USD/JPY touched 160.044 before closing at 159.834. The dollar rose against all seven majors again.
USD/JPY closes at 159.792 and gold ends below $4,000
USD/JPY rose 0.66% to 159.792, gold closed below $4,000 for the first time since 3 November, and AUD/USD closed below our weekly tell's 0.6854 line.
Hot CPI and Waller's 50bp warning lift the dollar; gold drops 2.67%
US CPI rose 0.4% (0.3% expected) and core 0.3% (0.2%); the dollar rose against all seven majors and gold fell 2.67% to $4,031.10.
NZD/USD jumps 1.55% after NZ election; gold closes at $4,141.59
NZD/USD rose 1.55% after New Zealand's election count, while the dollar fell against all seven majors. Gold closed at $4,141.59, its highest close since 19 October.
US payrolls hit 165K vs 65K forecast, and USD/CAD closes above 1.41
US payrolls rose 165,000 against a 65,000 forecast, and the dollar closed higher against all seven majors. Canada lost jobs, and USD/CAD closed at 1.41286.
Nasdaq 100's worst day since 2020 lifts the yen; BoE hikes to 4.00%
US tech stocks sold off and the yen rose, FXStreet said; AUD/USD fell 1.07% to 0.69299. The Bank of England hiked to 4.00%, and the pound still slipped.
Democrats sweep Congress; gold jumps 3.63% back above $4,000
Democrats won both houses of Congress and the dollar closed lower against all seven majors. Gold rose 3.63% to $4,063.84, back above $4,000.
RBA hikes to 4.85% yet AUD/USD falls 0.45%; NZ jobs miss hits the kiwi
The RBA raised its cash rate to 4.85%, as forecast, yet AUD/USD fell 0.45%. NZD/USD fell 0.54%, mostly after a New Zealand jobs miss, and USD/JPY rose 0.48%.
Oil falls over 5% on US-Iran diplomacy as AUD/USD lags before the RBA
Oil fell more than 5% on US-Iran diplomacy, FXStreet said, and gold rose 1.82%. AUD/USD closed below 0.70 for the first time since 19 October, before the RBA decision.
Gold sinks 3.54% to a one-year low as two Fed hawks call for more hikes
Gold fell 3.54% to $3,875.18 and silver closed below $50. USD/CAD closed under 1.3985, the tell in our weekly wrap, and two Fed officials called for more hikes.
Euro hits a 17-month low after the ECB holds, then closes higher
EUR/USD hit a 17-month low after the ECB held, on the day it announced Lagarde's exit, then closed 0.24% higher. Gold held above $4,000.
Surprise RBNZ hold sinks NZD/USD 0.99% as the Fed splits 10–2
The RBNZ held its cash rate when markets expected a hike, and NZD/USD fell 0.99%. The Bank of Canada hiked to 2.50%, and the Fed held with two votes for a hike.
EUR/USD falls 0.43% for a fifth lower close on French bond worries
EUR/USD closed lower for a fifth session as pressure on French bonds returned, Action Forex said. USD/JPY closed back above 157.50 and gold closed above $4,000 again.
USD/CAD ends a seven-session slide and gold closes back above $4,000
Traders bought dollars before the Fed and the yen gave back about half its two-day gain, FXStreet said. Gold closed at $4,011.69 as oil eased.
Gold closes below $4,000 as oil climbs to its highest since May
Gold fell 0.70% to $3,999.79, a close below $4,000, and oil rose to its highest since May. USD/CAD posted a seventh lower close in a row.
USD/JPY breaks its 157.50 floor and gold drops 2.6% to $4,028
The yen gained the most among the majors: USD/JPY fell 0.87% and closed below 157.50, the floor of a 12-session range. Gold dropped 2.58% to $4,027.90.
UK CPI hits 3.5%, French yields top 5%; the pound and euro barely move
UK inflation hit 3.5% and France's 10-year yield topped 5%, yet the pound gained only 0.11% and the euro slipped 0.04%. The Australian dollar gained the most, 0.36%.
Oil falls back from $100 on Iran deal reports; the pound gains 0.56%
Unconfirmed reports of a US-Iran deal knocked oil back from $100 and the dollar fell against all seven majors. The pound gained 0.56% after UK jobs data.
