BeFX

News MARKET VISION: GOLD

Gold remained steady at approximately $2,040 per ounce on Tuesday following heightened volatility in the previous session. In that session, the price of gold surged by over 5% to surpass $2,140 before undergoing a dramatic reversal and ultimately closing down by 2% around $2,030.

News MARKET VISION: EURO

The euro held steady above $1.09, remaining near its highest levels since August 10, as investors digested a series of statements from ECB officials while anticipating upcoming inflation data.

News DOLLAR struggles to consolidate above $900

The peso dollar has commenced its trading above the highest value recorded yesterday, currently standing at 903.75. The initial starting point for the local currency's upward trajectory is marked by copper's decrease of 0.36% at 3.62 dollars per pound. This decline serves as a stepping stone for the peso dollar to reinforce its position in the 900s range and sustain the ongoing positive trend.

News CPI DATA MOVED THE MARKETS STRONGLY YESTERDAY

Shares in Hong Kong rose 488 points or 2.8% to 17,884 in early trading on Wednesday, reversing Tuesday's weak session and reflecting a rally on Wall Street overnight after weaker US CPI data fueled bets that the Federal Reserve's tightening cycle had peaked.

News DOLLAR opening over $940

The day begins with no significant movement in the peso dollar, but it undergoes a brief fluctuation, trading at a stable rate of 944.45. Meanwhile, the value of copper shows a slight decline of 0.25% on the London Metal Exchange, with its price settling at 3.55 per pound.

News FLAT DOLLAR IN ITS FIRST OPERATIONS

Currently, the dollar peso starts flat and is trading at 870, trying to break the hard resistance to continue its upward trend in search of 880.