The U.S. dollar index , which tracks the American currency against a basket of foreign peers, fell 1.3% on Tuesday, marking its biggest one-day slide since April. The dollar index also fell to its lowest level since 2022 during the session, but ticked higher in midday trading on Wednesday."Absolutely not," Bessent told CNBC's Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening the yen.Treasury Secretary Scott Bessent on Wednesday shut down reports th ...

Core Viewpoint - Gold prices have decreased due to a stronger dollar but are still expected to achieve a weekly gain following a lower-than-expected U.S. inflation report, which has bolstered expectations for further interest rate cuts [1] Group 1: Market Performance - New York futures for gold fell by 0.2% to $4,355.70 per troy ounce, while they are up 0.6% for the week [1] - The U.S. dollar index increased by 0.2% to 98.64 [1] Group 2: Market Expectations - Traders are currently estimating a roughly 25% chance of a rate reduction in January and are almost fully pricing in a cut by April, according to ANZ analysts [1]

Group 1 - Futures in New York have risen by 0.8% to $4,254.10 per troy ounce [1] - The U.S. dollar index has decreased by 0.4% to 98.95 [1] - ADP figures indicate a labor slump, with private employers losing 32,000 jobs in November [1] Group 2 - Traders are now pricing in an 89% chance of a Federal Reserve interest rate cut in December [1]

Core Insights - The stock market is experiencing a tech outage that halted trading on Black Friday, but major indexes were on track for their best week since June [1][2][4] Market Performance - Futures for the Nasdaq, S&P 500, and Dow Jones were up 0.2%, 0.1%, and 0.1% respectively before the trading halt [2][8] - The Nasdaq is up 4.2% for the week, while the S&P 500 and Dow are up approximately 3.2% and 2.6% respectively [4] Commodity and Currency Updates - WTI crude futures increased by 0.7% to $59.10 per barrel, and gold futures rose by 0.5% to $4,220 per ounce [2] - Bitcoin remained stable at around $91,300, and the U.S. dollar index was up 0.2% at 99.80 [3] Corporate News - Robinhood Markets saw a nearly 11% increase in shares due to expansion in prediction markets, with a further 1.5% rise in premarket trading [5] - Alphabet's shares rose 1.5% after the announcement of its advanced Gemini 3 AI model, with a market capitalization of $3.87 trillion [6]