Investing in Currencies

Investing.com-- Gold prices moved little on Wednesday but saw some relief as the dollar eased from three-month highs, although waning bets on early U.S. interest rate cuts kept the outlook for the yellow metal uncertain. Bullion prices were battered by bets on higher-for-longer interest rates, especially following a slew of strong U.S. economic readings and hawkish comments from Federal Reserve officials.  The and U.S. Treasury yields had surged on these signals. While the dollar fell slightly from three-month highs on Wednesday, the greenback was still sitting on strong gains so...

Germany's Handelsblatt newspaper reports Tuesday that German automaker, Volkswagen (ETR:) is planning to maintain its investments at approximately 180 billion euros ($193.59 billion) over the next five years, spanning from 2024 to 2028.The investment plan received approval from the supervisory board, contingent on the condition that the allocated sum could be reduced if specific targets within the ongoing cost-cutting initiative at Volkswagen's passenger car brand were not achieved.Although Volkswagen has refrained from commenting on the report, it mentioned that additional details would be disclosed during its annual results conference scheduled...

Investing.com-- Most Asian currencies rose slightly on Tuesday, recovering marginally after growing expectations of higher-for-longer U.S. interest rates pushed up the dollar and weighed heavily on regional markets. Regional currencies saw some relief as the U.S. dollar steadied after racing to near three-month highs this week. The dollar was buoyed chiefly by a string of hotter-than-expected U.S. economic readings, as well as comments from Federal Reserve Chair Jerome Powell, who said that rates will remain steady in the time being.  Australian dollar boosted by hawkish RBA The was the best...