The Dollar Index (DXY) fell 4.8% to 100.8 in 3Q24 before rising 5.9% to 106.7 in the last 1.5 months. The Trump Trade, a significant factor in the current market dynamics, could potentially stall, sparking a wave of interest and engagement among investors and analysts. “If the Trump Trade loses steam, the October 2023 high…
Due to a high degree of geopolitical risk, gold (XAU/USD) is still supported by safe-haven flows. Gold News Forecast, traded in the $2,720s on Friday, staying trapped in this week’s small range. Investors are gravitating toward safe-play commodities like gold due to the prolonged Middle East turmoil and growing uncertainty about the outcome of the…
India’s foreign exchange reserves, USDMIX, increased for the seventh consecutive week and touched $700 billion-plus for the first time due to a higher rise in values and dollar purchases by the central bank. In the week to September, the reserves increased by $12.6 billion, reaching $704.89 billion. New figures from the Reserve Bank of India…
