Commerzbank’s Bernd Weidensteiner argues that despite market expectations for further Fed tightening, falling Oil and gasoline prices should lower U.S. inflation and ease pressure for hikes.
Gold (XAU/USD) steadies above the $4,000 mark on Friday as a softer US Dollar (USD) and lower Treasury yields provide support after the latest US Personal Consumption Expenditures (PCE) inflation report broadly met forecasts, reducing expectations of a near-term Federal Reserve (Fed) interest rate h
ING’s Francesco Pesole writes that markets are increasingly viewing 162.0 in USD/JPY as a new intervention threshold, helping explain the sharp intraday drop after the pair neared 162.