From Investing.com.: 2024-08-28 05:57:00

The dollar took a breather from its recent slide as investors awaited key data on jobs and inflation. Wall Street is keeping an eye on Nvidia’s earnings, while oil prices retreated on demand worries. The yen saw a pullback, but hawkish signals from the Bank of Japan kept it elevated. Despite the dollar’s weakness, other risk-linked currencies like the Aussie, Kiwi, and Pound gained ground. Equity traders are cautious ahead of Nvidia’s earnings report, with expectations of increased volatility. Oil prices slipped on concerns about lower refinery profit margins and global consumption growth.



Read more at Investing.com.: Markets Cautious as Nvidia Earnings and Key US Data Loom