Gold prices edge lower as dollar holds firm #ARYNews https://t.co/5R2gGqtdWT
Gold rates in Pakistan increase further #ARYNews https://t.co/KbgilzUn8g
#US #Dollar Index: Resilience amid less-hawkish Fed rate bets Any hawkish tilt from the Fed could lend support to the US dollar, though current market pricing already reflects an 80% probability of a rate hold in January and cumulative 75 bp worth of cuts through 2025. This,…
The US dollar has remained steady against its peers as market expectations shift regarding Federal Reserve interest rate cuts in 2025. Recent trading indicates an 80% probability of the Fed holding rates steady in January, with cumulative cuts of 75 basis points anticipated through 2025. This resilience in the dollar comes amid a cautious outlook from traders, who are adjusting their positions based on the Fed's potential policy direction. Additionally, gold prices have shown fluctuations, with reports indicating a decrease in gold prices as the dollar maintains its strength. In related currency news, the exchange rates of the Omani Rial to the Pakistani Rupee have been updated, reflecting ongoing market dynamics.