Express News | The probability of the Federal Reserve maintaining interest rates unchanged in August is 90.7%.

Breakings06:04

Gold Price Slumps as US Dollar Soars Amid High US Yields

Gold price slumped more than 0.91% on Wednesday as the Greenback soars, underpinned by high US Treasury yields, ahead of the release of the Personal Consumption Expenditures (PCE) Price Index report on Friday. Investors are beginning to price out less easing by the Federal Reserve (Fed), sponsoring the buck’s last leg up. The XAU/USD trades at $2,297 after hitting a daily high of $2,323.

FXStreet02:32

US Dollar Rises to New High, Underpinned by Rising Treasury Yields

Wednesday’s session witnessed the US Dollar, as represented by the Dollar Index (DXY), climb to 106.00, a level last observed in early May.

FXStreet00:48

How long will it take for US inflation to return to 2%? Economist at the Cleveland Fed: if the economy does not decline, it will take another 3 years.

If the improvement of the supply chain no longer drives the decline in inflation, then the only thing that can bring downward pressure is economic recession. And if there is no recession, then more patience is needed, and it will take some time for inflation to return to 2%.

wallstreetcnJun 26 23:45

The Fed sticks to its own path, with a strong US dollar leading the global currency market.

Due to market speculation that the Fed's policy will diverge from other central banks, the US dollar index rose to 106 on Wednesday, its first time since May 1. An indicator measuring the strength of the US dollar has risen to its highest level since November last year.

Golden10 DataJun 26 23:06

Dollar Soars to Fresh 2024 High as Fed Diverges From Major Peers

A gauge of the dollar’s strength rose to its highest level since November as the first interest-rate reduction from the Federal Reserve appears distant.

BNN BloombergJun 26 21:43