ForexLive European FX News Wrap: Dollar Mixed, Gold at One-Month High
Friday, 1 March 2024, 12:26
ForexLive European FX News Wrap
Today's European trading session experienced muted forex market activity, marked by the dollar's stable performance amid bond market movements.
Highlights:
- Bond yields fluctuated, with USD/JPY showing slight retreat
- Gold prices surged to reach $2,050 levels, eyeing key resistance break
- European equities soared, while S&P 500 futures remained cautious
- Eurozone CPI data reveal persistent core inflation above 3%
The subdued forex market conditions were accompanied by a surge in gold prices and a notable performance gap between European and US equities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.