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The dollar is edging lower during early Wednesday trading
FOREX The dollar is edging lower during early Wednesday trading, cancelling some of the previous session gains. On Tuesday, the Dollar Index gained more than 0.5 following the publication of US inflation numbers that surprised to the upside, with the year on year reading reaching 5.4%. It was the highest jump in inflation since 2008,[…]
The US dollar recorded modest gains
FOREX The US dollar recorded modest gains during the early part of Tuesday’s session, as the markets hold steady ahead of the publication of US inflation numbers later today. Investors will pay close attention to the release of the data, which is likely to offer more clarity on the timing of the tapering and rate[…]
European markets slid slightly lower despite a bullish opening
EUROPEAN STOCKS European markets slid slightly lower despite a bullish opening following a strong trading session in Asia overnight. Investors remained on a “wait and see” trading stance ahead of another busy week where key US data and earning reports are due. Most benchmarks remain inside their consolidation zone, with losses from the banking sector[…]