Forexlive Americas FX News Wrap on Quiet Start to Trading Week

Monday, 4 March 2024, 21:47
Stocks pull back as UK Chancellor rumored to cut income tax rates, Bitcoin nears session highs, and US crude oil futures settle at $78.74. Atlanta Fed Pres. Bostic cautiously optimistic on inflation hitting 2%, anticipating two rate cuts in the year. GBP ends as the strongest major currency, while EUR trails behind. Gold hits highest level, but crude oil falls after failing to sustain upside momentum. US stock market indices take a breather after record highs on Friday.
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Forexlive Americas FX News Wrap on Quiet Start to Trading Week

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.

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