Palladium falls for third session as dollar scales early 2017 highs

Economies.com
2018-11-12 15:25PM UTC

Palladium prices titled lower in American trade as the dollar index hit January 2017 highs, amid a lack of data from the US today due to the Veterans' Day bank holiday. 

 

As of 03:22 GMT, palladium shed 0.23% to $1,114.13 an ounce, while the dollar index rose 0.45% to 97.34, marking early 2017 highs. 

 

Now Investors await Federal Reserve Bank of San Francisco President Mary Daly's speech about the economic outlook at the Regional Economic Development for Eastern Idaho Conference, later today.

 

The Federal Reserve voted at the November 7-8 meeting to maintain interest rates at below 2.25% as expected by market analysts, while vowing to carry on the path of policy tightening.  

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