Investing in Currencies

experienced a decline of -0.74%, settling at 62095, influenced by a strengthening U.S. dollar and rising bond yields amidst reduced expectations for an early Federal Reserve rate cut. The market is currently anticipating a key inflation print, adding to the uncertainty. Positive employment data, including the ADP (NASDAQ:) report revealing the addition of 164K jobs in December, countered by the ISM's indication of a slowdown in the services industry, has created a mixed economic landscape. Geopolitical risks and concerns about China's economic challenges continue to act as a backdrop, supporting Gold...

By Rae Wee SINGAPORE (Reuters) -The dollar edged broadly higher on Monday as risk appetite remained subdued ahead of a key U.S. inflation report later in the week that is likely to provide further clarity on the Federal Reserve's monetary policy outlook. The yen was nursing deep losses from last week and struggled near the 145 per dollar level, while the risk-sensitive Australian and New Zealand dollars edged lower in a cautious start to the week. Trading was thinned in Asia with Japan out on a holiday. Against the yen,...