Investing in Currencies

Investing.com - The U.S. dollar rose in early European trade Tuesday, rebounding after slipping from its 3-week high overnight, while weak German economic data weighed on the euro. At 03:45 ET (08:45 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.067, after falling from three-week highs in the prior session, as uncertainty over rate cuts in 2024 spurred some profit-taking.  Dollar off three-week high after dovish Fedspeak The dollar posted gains of around 1% last week as doubts started to...

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...