Euro slides as resilient US retail sales fuel US Dollar rally

Euro slides as resilient US retail sales fuel US Dollar rally

EUR/USD edges lower for the third consecutive day on Thursday during the North American session, down 0.22%, as US economic data showed consumers’ resilience. In contrast, labor market data showed a slight increase in the number of Americans filing for jobless benefits. The pair trades at 1.1679 after reaching a high of 1.1721. EUR/USD weakens […]

Continued inflation is the most pressing risk to the economy

Continued inflation is the most pressing risk to the economy

President of the Federal Reserve (Fed) Bank of Kansas City, Jeffrey Schmid, said on Thursday that continued inflation is the most pressing risk to the economy. During a speech at a banking industry conference, he stated that the US economy is less vulnerable to global Oil disruptions than in the past, but high Oil prices […]

Stable at $4,700 as markets await news from Trump-Xi meeting

Stable at ,700 as markets await news from Trump-Xi meeting

Gold (XAU/USD) is trading flat on a particularly calm market session on Thursday, with investors awaiting developments from a two-day summit between US President Donald Trump and his Chinese counterpart, Xi Jinping, in Beijing. Safe-haven flows triggered by the uncertainty about the ceasefire in Iran and higher US Treasury yields, following hot US inflation figures […]