All eyes were focusing on the U.S. Federal Reserve as it began two days of meetings that are likely to end with a decision impacting the price of copper futures, according to Bloomberg.
Strengthening economic circumstances in the world’s largest economy pulled down gold futures on Friday as the yellowish metal pushed toward its biggest weekly losses since June, according to Bloomberg.
The world’s reserve currency was sinking toward a monthly loss against its top counterparts as the calendar was within hours of turning from July to August, Bloomberg reports.
Gold futures on Tuesday were slipping on Tuesday as the U.S. dollar moderately solidified, according to Reuters.
The Canadian dollar slumped on Thursday as a consequence of the nation’s top banker sating one day prior that the institution he spearheads is likely to preserve borrowing costs’ rate as is in anticipation of increased growth in the globe’s 11th-largest economy, Bloomberg reports.
West Texas Intermediate crude oil futures were ebbing and flowing on Wednesday in advance of U.S. Energy Department data that will note the status of supplies in the world’s largest consumer of the energy commodity, Bloomberg reports.
Remarks by the top banker in the U.S. about intentions to continue monetary stimulus measures prompted the Australian dollar to climb to its top value in two weeks on Thursday, according to Bloomberg.
The South Korean won notched its biggest gains in 18 months against the world’s reserve currency in the aftermath of chairman Ben Bernanke with the U.S. Federal Reserve saying during a speaking engagement that the economy the central bank supports still needs monetary stimulus measures, Bloomberg reports.
Copper futures on Wednesday were climbing, emboldened by a U.S. dollar that slightly slipped in value and economic data about the base metal’s top consumer, according to Reuters.