The lower-than-expected employment in November, as released by the Automatic Data Processing (ADP) on Wednesday, dragged the DXY below the 91 barrier, down by 0.22%.
The outlook for gold prices has fallen into question after the precious metal suffered a break beneath critical support. Can bulls revive the yellow metal or will XAU/USD continue to fall further？
With the US Dollar Index falling by about 2.4% in November, the prices of the dollar against major currencies went down across the board.
On Tuesday, the GBP/USD closed higher 0.8% with a rally of more than 6% off the September lows.
The Philippine government started marketing dollar-denominated bonds as it seeks to raise funds to counter the economic impact of the coronavirus.
Japans parliament passed a bill to provide coronavirus vaccinations free of charge with the central government covering the cost, offering a key plan to stem the virus as the country struggles with its worst-yet wave of infections.
Indonesia cut short its year-end holiday in a bid to curb the spread of coronavirus infections, after a long weekend in October led to a spike in confirmed cases weeks later.
Boris Johnson suffered a revolt by 55 of his own Conservative Party colleagues Tuesday -- his biggest rebellion in a parliamentary vote since he won a historic majority at last Decembers election.
Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Steven Mnuchin both backed more fiscal stimulus to bridge the economy through the next few months of the pandemic as the promise of Covid-19 vaccines looms.
President-elect Joe Biden introduced his economic team on Tuesday, setting the tone for policymaking with a diverse team who described their own upbringings as inspiration to make the economy work for all Americans.
As expected in my earlier column titled Gold Prices Set to Decline on Vaccine Shocks, positive news of Covid-19 vaccines continues to hit gold prices.
Euro Outlook: EUR/USD Hitting Resistance, EUR/GBP Upside Faded
On Monday, OPEC+ postponed its talks until Dec. 3 after a split over delaying output hike.
Some users of WikiFX lately inquired whether Equityworld Futures was reliable and how was its business condition.
Last week's gold plunged $84.71, down 4.5%. The dovish Federal Open Market Committee's (FOMC) could underpin gold prices in the coming weeks, despite gold's recent setbacks.
Matthew Piercey, the man behind two investment companies – Zolla and Family Wealth Legacy was apprehended by FBI agents in Sacramento on charges of wire fraud, witness tampering, mail fraud and money laundering, which has misappropriated around $35 million worth of investor funds, as stated by the US court.
NZD/USD is set for its fourth week of gains in a row amid the falling likelihood of the RBNZ’s negative interest rates and the government’s improved pandemic control.
It is reported that the US Food and Drug Administration has scheduled a meeting of its Vaccines and Related Biological Products Advisory Committee on Dec. 10 to discuss the request for emergency use authorization of a Covid-19 vaccine from Pfizer.
The Office for Budget Responsibility (OBR) lately forecast that the UK’s GDP was on track for its worst year on record. As a result, GBP/USD received some pressure for a time but approached to 1.34 barrier after reclaiming the lost ground.
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