rising – Rayrice Forex News

Rising gold, US FOMC and weak GDP at Play – FX leaders

Gold prices (XAU/USD) are struggling to extend their two-day gains as buyers and sellers battled a three-week high in Friday’s Asian session. However, the precious metal recently fell below $1,754 as the US dollar tracks yields, leaving them bearish ahead of key inflation data. The US Dollar Index (DXY) is at its lowest level since … Read more

Asian forex bears are coming off multi-year highs as short bets on the Thai baht are rising sharply

BANGKOK, July 15 (Reuters) – Bets on all Asian currencies firmed at fresh multi-year highs, as sky-high inflation dampened sentiment on fears of a slowdown in sharply rising interest rates, a Reuters poll showed. Short positions in the Thai baht, Philippine peso and Singapore dollar were at their highest level since 2018, when the data … Read more