Germany 30-y Bond Auction: 2.53%

Feb 14, 2024

Gold price continues losing streak as hot inflation pushes back Fed rate-cut expectations

Gold price (XAU/USD) continues its five-day losing spell on Wednesday as hot United States inflation data suggests the Federal Reserve (Fed) will hold back from cutting interest rates at its monetary policy meeting in May.

USD/JPY: The threat of intervention and speculation on a March hike should limit Yen selling – MUFG

One consequence of the stronger than expected US inflation is the re-emergence of concerns in Tokyo over the level of the Japanese Yen (JPY).