The price of gold extended downside movement on Tuesday, dragging the value of yellow metal … Key Points Gold looks like trading near an important area, as there are crucial levels on … https://www.forexlive.com/ US news were far from supporting a September rate hike, with July CPI missing expectations … Risk aversion was the main theme last week, with worldwide stocks in panic sell-off mode.
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- US news were far from supporting a September rate hike, with July CPI missing expectations …
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- Stocks were subdued on Monday, as the pound remained under pressure and Brent crude prices fell below $85 a barrel for the first time since January on demand worries.
- The People’s Bank of China decided to raise the risk reserve requirement for banks’ forward forex sales to 20 percent from zero.
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The business confidence index fell sharply to 84.3 in September from 88.6 in August. This was the lowest since May 2020 and also below economists’ forecast of 87.0. China’s central bank ramped up measures to safeguard the yuan from further depreciation on Monday as the U.S.
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