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Macro Roundup (Jul 16)_SMM | Shanghai Non ferrous Metals


Macro Roundup (Jul 16)
CST
Source:SMM
The US dollar edged higher on Thursday, recovering some of the ground lost in the prior session after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy.
SHANGHAI, Jul 16 (SMM) This is a roundup of global macroeconomic news last night and what is expected today.
The US dollar edged higher on Thursday, recovering some of the ground lost in the prior session after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy. ....

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Gold backs off 1-month peak on dollar uptick

Gold backs off 1-month peak on dollar uptick
financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.

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Macro Roundup (Jun 30)_SMM | Shanghai Non ferrous Metals


Macro Roundup (Jun 30)
CST
Source:SMM
The US dollar rose to a one-week peak on Tuesday, posting its largest single daily gain in roughly two weeks, as new coronavirus outbreaks threatened to derail a global economic recovery, with the Australian and New Zealand dollars leading losses.
SHANGHAI, Jun 30 (SMM) This is a roundup of global macroeconomic news last night and what is expected today.
The US dollar rose to a one-week peak on Tuesday, posting its largest single daily gain in roughly two weeks, as new coronavirus outbreaks threatened to derail a global economic recovery, with the Australian and New Zealand dollars leading losses. ....

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PRECIOUS-Gold slides over 2% as strong U.S. data bolsters Fed taper bets


U.S. service sector index at record high in May
ADP data suggests similar bounce in nonfarm payrolls -analyst (Updates prices)
June 3 (Reuters) - Gold slid as much as 2.3% on Thursday as better-than-expected U.S. employment and service sector data propelled the dollar higher and boosted expectations that the strong economic readings may reignite taper talk from the Federal Reserve.
Bullion’s retreat also spilled into other precious metals, with silver slipping as much as 4.3% and platinum shedding 3.7%.
Spot gold was down 1.9% at $1,871.91 per ounce by 1:43 p.m. EDT (1743 GMT), after falling to its lowest level since May 20 at $1,864.39. U.S. gold futures settled down 1.9% at $1,873.30. ....

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