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US dollar weak on rate outlook, gold hits record high
Asian stocks edged higher while the dollar lurked near five-week lows and gold climbed to a record high on Tuesday, as investors girded for a slate of economic data this week, including the crucial U.S. labour report on Friday. Markets widely expect the Federal Reserve to lower interest rates later this month, pricing in an 89% chance of a 25 basis point cut, but data this week will help investors gauge whether the central bank could perhaps lean toward a jumbo cut. The focus will be on Friday’s U.S. nonfarm payrolls report, which will be preceded by data on job openings and private payrolls, providing investors ... (full story)
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- Sep 2, 2025 1:50am Posted byFundamental Analysis242
