Here is what you need to know on Monday, August 10: The dollar closed the week with a firmer tone, partially backed by an upbeat employment report, but also by US President Trump’s decisions. On Friday, the US administration imposed sanctions on Hong Kong’s chief leader, Carrie Lam, and ten other senior officials for their
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Dollar comeback poured cold water on gold’s record-breaking rally. US-China woes, US stimulus deadlock and upbeat NFP boosted the USD. The focus stays on US-China trade talks amid light US docket next week. Gold (XAU/USD) bulls remained in the charge the past week and went onto hit a strong of fresh all-time highs above the
Luo Huining, Head of China’s Liaison Office in Hong Kong, said in a statement on Saturday, “the unscrupulous intentions of the US politicians to support the anti-China chaos in Hong Kong have been revealed, and their clowning actions are really ridiculous.” Additional quotes “Intimidation and threats cannot frighten the Chinese people.” “US sanctions on him
NZD/USD is the worst-performing major on Friday down 1.27%. The price has broken a key trendline and support zone on the 4-hour chart. NZD/USD 4-hour chart There has been a key reversal on the daily NZD/USD chart and zooming in on the 4-hour you can see why. The price had been struggling for most of