It’s a close call whether interest rates are high enough

It’s a close call whether interest rates are high enough

Richmond Federal Reserve (Fed) President Tom Barkin said on Friday that it remains uncertain whether the current level of interest rates is sufficiently restrictive to bring inflation back to the Fed’s 2% target, according to an interview with The Wall Street Journal. Barkin also said he was unsure whether he would have joined the three […]

United States Dollar Index struggles near 100 after suspected Japanese intervention

United States Dollar Index struggles near 100 after suspected Japanese intervention

The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressure. At the time of writing, the index trades around 99.96, easing from an intraday high of 100.45 and hovering […]

The Japanese Yen has a second buyer nobody will name

The Japanese Yen has a second buyer nobody will name

Thursday’s record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and the US Treasury has told a number of banks through the New York Fed that it may enter […]

Gold slides as US yields surge, keeping $4,100 out of reach

Gold slides as US yields surge, keeping ,100 out of reach

Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045. XAU/USD drops as Treasury yields, Fed dissents and […]