Tuesday , September 27 2022

The dollar continues to generate profits backed by US election results



[ad_1]

The dollar rose yesterday from one and a half hours on a lower level on Wednesday, when the market emerged again after the US medium-term elections came to an end, as investors drew attention to the US Central Bank's monetary policy meeting.
It is expected that the Federal Reserve will maintain fixed interest rates, but this may indicate that it will be raised again in December.
According to Reuters, the dollar index rose by 0.1 percent to 96,125, and the euro slightly changed.
The dispute between the Italian government and European officials on budget spending plans is still ongoing.
The euro rose 0.1 percent to US $ 1.4440, and other major currencies traded close, as the pound fell from the recent highs after a strong rally against optimism for the UK-EU membership agreement.
The dollar rose 0.2 percent against the yen to trade at 11,397 yen, and due to US and Japanese monetary policy, the US dollar has risen against the yen over the past two weeks.
The New Zealand Dollar was almost unchanged compared to US $ 0.6888, slightly influencing the decision of the New Zealand Central Bank to keep its interest rate at 1.75 percent.
The Australian dollar continued to earn a profit from the previous three sessions against the dollar, reaching 0.7295 dollars, which is 0.3 percent.
The strengthening of the Australian dollar strengthened the trade data of Australia's largest trading partner, which was higher than expected.
Yesterday, gold prices fell slightly to one week, because the dollar and stocks that were earned because investors were disrupted by the US medium-term elections.
"The rise in interest rates in December is fully absorbed, but the prospects for the coming year are still not clear," said Elija Spivaka, Dilfix analysts. "A sure tone is likely to require gold, but caution can give him some kind of support."
The rise in US interest rates increases the dollar and increases bond yields while at the same time curbing unattractive gold.
Spot gold fell 0.3 percent to $ 1,222.31 an ounce after it was the lowest since November 1, reaching $ 1,221.1 USD earlier.
US gold futures prices fell by 0.2 percent to $ 1226.3 an ounce and the silver price dropped 0.5 percent on the domestic market to $ 14.50 an ounce.
Palladium dropped by 0.5 percent to $ 1127.55 an ounce by touching the two week maximums of the previous session at $ 1139.50 an ounce.
Platinum fell by 0.2 percent to $ 870.60 an ounce after it was the highest since June 25, at $ 877,50 an ounce on Wednesday.

[ad_2]
Source link