The price of silver (XAGUSD) continues to gain ground for the second successive session, trading around $28.40 per troy ounce in Thursday’s European...
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Maroc - FINANCIALMIRROR.COM - A La Une - 05/Sep 09:12
Weak job openings boost bets for large Fed rate cut
The EURUSD currency pair is holding onto Wednesday’s recovery slightly below the round-level resistance of 1.1100 in Thursday’s European session. The major cross bounced back sharply on Wednesday after the release of the weaker-than-projected US JOLTS Job Openings data for July boosted market expectations for the Federal Reserve to begin the long-awaited policy-easing cycle aggressively. A sharp increase in market speculation for the Fed’s large interest rate cut this month weighed heavily on the US Dollar. The DXY Dollar Index, which tracks the Greenback’s value against six major currencies, extended its downside to near 101.20. The JOLTS Job Openings data
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