Gold prices settled slightly lower on Wednesday, ignoring the weaker dollar, as the precious metal took a breather from its recent rally. Gold for December delivery GCZ7, -0.77% slid
Read more: Gold bucks weak US dollar to settle marginally lower
In July, Juwai released a study that predicted 2017 Chinese residential real estate investment would drop from its 2016 peak of $101.4 billion to $80 billion for a number of reasons, including
Read more: Strengthening US dollar constricting foreign homebuyer affordability: Zillow
The rally beyond $1.323 is partly the result of UK economic resilience, and partly a reflection of the ongoing political upheaval in the White House.
While yesterday’s UK manufacturing PMI inspired hope
Read more: Pound v US dollar: GBP exchange rate nears 11-month high against USD
It comes after the President's communications director Anthony Scaramucci was fired just 10 days in the job.
And US economic data has disappointed.
Michael Hewson, chief market analyst at CMC Markets UK,
Read more: POUND LIVE: Sterling jumps against US dollar amid Trump woes
Recent Price Action
The U.S. Dollar has continued to fall hitting a low of 92.72 on Monday, July 31st. The U.S. Dollar also broke through shorter term support levels and is
Read more: Sentiment Speaks: US Dollar Testing Long-Term Support
Talking Points:
- US Dollar may rise on supportive Fed commentary, ADP jobs report
- Euro gains as Asia reacts after GDP growth hits six-year high in Q2
- What will drive longer-term G10 FX trends?
Read more: US Dollar May Rise if ADP Data, Fed Comments Boost Rate Hike Bets