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Market mood dampens as US Dollar Index hits February 2022 lows ahead of the Fed’s decision

The US Dollar Index is at its lowest since February 2022 due to geopolitical tensions and weak employment data. Meanwhile, gold prices surge, and currencies like AUD strengthen amidst uncertainty. – vtmarketsmy.com

NAB’s December business survey indicates a possible RBA rate hike, boosting the AUD

The Reserve Bank of Australia is likely to raise interest rates soon due to rising business confidence and inflation data, boosting the Australian Dollar. Traders should prepare for market volatility and risks. – vtmarketsmy.com

Gold continues its seven-day rally amid rising geopolitical tensions and potential currency interventions.

Gold prices are surging due to US-South Korea trade tensions, escalating to $5,091. With weak consumer confidence and a declining US Dollar, analysts predict gold could reach $6,000 by 2026. – vtmarketsmy.com

Challenges for the Indian rupee due to higher money market rates and limited capital inflows

The Indian Rupee is struggling due to rising money market rates and limited capital inflows, despite significant liquidity support from the Reserve Bank of India, leading to an uncertain future for the currency. – vtmarketsmy.com

USD/CHF falls over 1% to its lowest level since August 2011 amid US dollar weakness

The USD/CHF pair fell over 1% as the US Dollar weakened, reaching a record low since August 2011. The Swiss Franc’s appeal as a safe haven challenges the Dollar’s dominance. – vtmarketsmy.com

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