Foreign exchange market: the latest news, the latest gold price trend
I believe that friends in the investment sector should have some understanding of foreign exchange. Today, I'd like to give you a brief introduction of the latest foreign exchange market news. If you are interested in this, you are welcome to have a look. It may be helpful for you.
Foreign exchange news
Due to the uncertainty of European economy and politics and the interest rate cut expectation of Australia and New Zealand Federal Reserve, the dollar's continued strength in recent years has limited the gold's rise. In addition to focusing on the trade situation, the market is also looking at the US economic data for clues on the direction of the U.S. economy and the Federal Reserve's monetary policy, which will have a direct impact on the US dollar and gold.
According to CME's "fed observation": the probability that the Fed will cut interest rates by 25 basis points to 1.75% - 2% in September is about 97.3%; the probability of keeping interest rates unchanged at 2% - 2.25% is about 2.7%; the probability of cutting interest rates by 25 basis points to 1.75% - 2% in October is about 38%.
The latest trend of gold price
On Friday night, the international gold short-term pulled up $5, now reported at $1500.23/oz; the U.S. dollar fell nearly 30 points against the yen, now 106.47, the Australian dollar fell more than 10 points against the US dollar, the two oil short-term decline, WTI crude oil fell to 3%, to 53.72 US dollars / barrel; Brent crude oil fell 2.5% to 58.46 US dollars / barrel.
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