Author: finadmin

Swiss Franc steadies as Fed hike expectations offset safe-haven flows

The USD/CHF pair flatlines near 0.8090 during the early European trading hours on Tuesday. Traders brace for crucial US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation data later this week.  The CME FedWatch tool showed probability hovering around 60.6% for another quarter-point Federal Reserve (Fed) rate hike, whereas the Swiss National Bank […]

Iran’s warns economic warfare will be met by maritime exclusion zone

Secretary of Iran’s Supreme National Security Council, Mohsen Rezaei, warned on Tuesday that Tehran would respond to what it calls US “economic warfare” by imposing a maritime exclusion zone across the Persian Gulf. “Economic warfare will be met by a maritime exclusion zone across the Persian Gulf to the blockade perimeter,” said Rezaei, adding the […]

Gold declines to near $4,400 as robust US jobs data lifts Fed hike odds

Gold price (XAU/USD) drifts lower to near $4,410 during the early Asian session on Tuesday. The precious metal extends the decline as a stronger-than-expected US Nonfarm Payrolls (NFP) report for August bolsters expectations for a Federal Reserve (Fed) interest rate hike this month. Data last week showed that US NFP climbed by 162K in August, […]