Manufacturing weakness, coupled with high interest rate expectations, has strengthened the US dollar and pushed gold prices down.
1 report, 1 independent
Updated Sep 15
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What happened
Manufacturing weakness, coupled with high interest rate expectations, has strengthened the US dollar and pushed gold prices down.
Who's involved
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The entities involved
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US Dollar (Next day)
Distinct currency with ISO 4217 code "USN", defined for trade purposes
Related events
- Rate hikes boosted market confidence and gains, while the US Dollar showed weakness against major currencies on September 14.
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- Stronger US labor data is pressuring the peso as the FED weighs its interest rate decisions against global market volatility and Middle East tensions.