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Gold hit a record high on Wednesday, boosted by a softer US dollar and hopes of more interest rate cuts, while investors ...
On Tuesday, Fed Governor Michelle Bowman defended her decision to vote against the super-sized 50-basis point interest rate cut and support a more traditional quarter-percentage point drawdown, ...
The US Dollar Index weakened on healthy risk appetite and weak US data as rate cut bets fuel dominant the trading sentiments.
The US Dollar (USD) may depreciate further due to expectations for further rate cuts by the Fed in 2024. According to the CME FedWatch Tool, markets are pricing in around 50% likelihood of a 75 basis ...