Powell turns pigeon to gold bullish The US dollar continues to fall under pressure

26 Aug, 2024

The US dollar index fell on the 23rd. The US dollar index, which measures the US dollar against six major currencies, fell 0.78% that day and closed at 100.717 at the end of the foreign exchange marke

The US dollar index fell on the 23rd. The US dollar index, which measures the US dollar against six major currencies, fell 0.78% that day and closed at 100.717 at the end of the foreign exchange market.

 

As of the end of the New York currency market, 1 euro was exchanged for 1.1187 US dollars, higher than the previous trading day's 1.1111 US dollars; 1 pound is exchanged for 1.3203 US dollars, higher than the previous trading day's 1.3092 US dollars.

 

1 US dollar is exchanged for 144.30 Japanese yen, lower than the previous trading day's 146.22 Japanese yen; 1 US dollar is exchanged for 0.8479 Swiss francs, lower than the previous trading day's 0.8520 Swiss francs; 1 US dollar is exchanged for 1.3513 Canadian dollars, lower than the previous trading day's 1.3605 Canadian dollars; 1 US dollar is exchanged for 10.1898 Swedish kronor, lower than the previous trading day's 10.2487 Swedish kronor.

 

Gold prices rose more than 1% last Friday to close at $2511.85 per ounce, as the yield of US dollars and treasury bond bonds fell after Federal Reserve Chairman Powell made remarks on interest rate cuts in September. Over the past weekend, Hezbollah launched hundreds of missiles into northern Israel. Israel claimed that its preemptive strike on Lebanon prevented a larger scale attack, but neither side had the intention of erupting into a full-scale war. This week, we will receive the August PCE data from the United States, and investors need to pay close attention to it.

x

AVISO e por favor, esteja avisado:

Chegou ao nosso conhecimento que várias empresas/indivíduos não autorizados clonaram o conteúdo do nosso site, logotipo e páginas de rede social do CWG Markets Limited. Informamos que essas empresas não autorizadas também têm entrado em contato com consumidores por meio de vários aplicativos de mensagens, como WhatsApp, Facebook, Wechat. Deve-se observar que não há nenhuma conexão entre o CWG Markets Limited, uma empresa autorizada, e as entidades/indivíduos não autorizados que clonaram nossos dados. Se você foi enganado ou contatado por uma empresa/indivíduos não autorizados – ou uma empresa que você suspeita não ser legítima – você pode denunciar para nós pelo [email protected]

CFD (Contrato por Diferença) são instrumentos complexos e apresentam um alto risco de perda rápida de dinheiro devido à alavancagem. Certifique-se de compreender totalmente os riscos e tomar os devidos cuidados para gerenciar seus próprios riscos. Por favor, leia nossa Divulgação de Risco com cuidado.

cwg
It looks like you are based in United Kingdom Click Proceed to be taken to CWG Markets UK LTD Click Stay to continue browsing this website
Proceed Stay
Service Access Restriction Notification

Dear customer,

Thank you for visiting our website. Unfortunately, after an automatic system check, we have found that your current access location is within a restricted area for our services. Due to various laws, regulations, and contractual limitations, we are unable to provide services in certain regions.

We sincerely apologize for any inconvenience this may cause and hope you understand that this measure is necessary to comply with relevant laws, regulations, and policies. Please be aware that this restriction is specific to certain areas and is not directed at individual users.

If you believe this is a mistake, or if you have any questions, please do not hesitate to contact our customer support team. We are always ready to assist and provide further clarification.

Thank you for your understanding and cooperation.

Best wishes,

CWG Markets LTD

Close