This is what you need to know to trade today Wednesday, May 26 at the Asian session:
It was another bad day for the dollar, although it remained within the familiar levels against most of the main rivals. EUR and GOLD were the best performers, as EUR / USD hit a high of 1.2266, its highest level since January.
On the other hand, the GBP/USD it gave in to the bad sales figures of the CBI, although it settled around 1.4150. Commodity-linked currencies ended the day virtually unchanged against the dollar.
Federal Reserve Vice Chairman Richard Clarida noted a “very unpleasant surprise” resulting from April inflation, adding that he agrees with the FOMC minutes that there could be a time in upcoming meetings to discuss phasing out bond buying.
Inflation expectations in the US somehow cooled off, as Federal Reserve officials continue to pour cold water on expectations of a change in current monetary policy.
The dollar fell due to falling government bond yields. The yield on the benchmark 10-year Treasury bond fell to 1.56%, its lowest level in two weeks. Wall Street was unable to take advantage of the easing of inflation concerns, and all three major indices ended the day with modest losses.
The Gold is trading just below the $ 1,900 level, heading firmly to the upside and ready to beat it. Crude oil was unchanged, with the WTI trading around $ 65.85 a barrel.
The RBNZ to announce its monetary policy decision early on Wednesday.
The dogecoin price consolidates while targeting $ 1.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
