USD/CHF weakens to 0.9020 in Monday’s early European session. Traders raised their bets on the Fed rate in September after the recent US PCE data for...
EUR/USD gains traction near 1.0850 in Monday’s early Asian session. Markets believe the Fed needs more evidence to gain confidence that inflation is on course to...
WTI edges higher as OPEC+ continues its oil output cuts of 3.66 million barrels per day into 2025. Oil prices could face pressure as Fed officials...
AUD/USD trades in positive territory for the third consecutive day around 0.6655 on Monday. The US PCE index rose 0.3% MoM in April, matching the expectation. ...
The US Dollar trades lower on softer PCE and spending numbers. Markets are seeing no reason to believe the rate hike calls from Fed officials. The...
NZD/USD halts its losing streak ahead of the release of US Core PCE. The New Zealand Dollar may face challenges as the 10-year government bond yield...
EUR/JPY extends the decline near 169.78 in Friday’s early European session. The German Retail Sales came in weaker than expected, dropping 1.2% MoM in April from...
The Japanese Yen appreciates due to higher economic data from Japan. BoJ’s Adachi favored raising interest rates if a weaker JPY leads to heightened inflation. The...
The Australian Dollar consolidates after China’s PMI was released on Friday. The AUD could appreciate due to the hawkish sentiment surrounding the RBA hiking rates again. The...
Indian Rupee struggles to gain momentum on the modestly stronger USD. The Fed’s hawkish stance and cautious mood weigh on the INR. The Indian GDP and...
Japanese Finance Minister Shunichi Suzuki said on Friday that the foreign exchange (FX) rates should reflect fundamentals and he will respond appropriately to excessive FX moves. Key...
Gold price trades with a mild positive bias on Friday. The weaker USD and decline of US yields support the yellow metal. Investors will take more...
The US Dollar trades substantially stronger against most major G20 peers. Markets are stuck in a risk-off mood, with equities deep in red during the Asia-Pacific...
NZD/USD extends its losing streak following the NZ Yearly Budget on Thursday. New Zealand Treasury sees inflation falling to below 3% in Q3. The lower US Treasury...
Here is what you need to know on Thursday, May 30: Safe-haven flows dominate the financial markets in the second half of the week, allowing the...
Silver price lost ground due to investors’ caution ahead of US GDP Annualized due on Thursday. Hawkish remarks from Fed officials have supported US Treasury yields,...
Indian Rupee weakens for the fourth consecutive day on Thursday. The USD demand from importers, India’s election-related risks and foreign outflows in Indian equities weigh on...
The Australian Dollar gains ground as the Aussie 10-year Government Bond Yield reaches a four-week high of 4.52%. Australia’s Private Capital Expenditure rose 1.0% in Q1,...
Gold price loses traction in Thursday’s Asian session. The downtick of yellow metal is backed by the stronger USD and higher US yields. Gold traders await...
Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate...