Forexlive Americas FX News Wrap on Quiet Start to Trading Week
Monday, 4 March 2024, 21:47
Forexlive Americas FX News Wrap: Quiet Start to Trading Week on March 4, 2024
Key Highlights:
- Stocks pull back as UK Chancellor rumored to cut income tax rates
- Atlanta Fed Pres. Bostic cautiously optimistic on inflation hitting 2%
- GBP ends as the strongest major currency, while EUR trails behind
- Gold hits highest level after rising by $32.50
US stock market indices take a breather after record highs on Friday. Crude oil falls to $78.33 after failing to sustain upside momentum. Bostic anticipates two rate cuts, emphasizing cautious approach to monetary policy.
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.