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The Australian Dollar (AUD) is up against its major currency pairs on Thursday, but is almost flat against the US Dollar (USD) at around 0.6948 in the early European trade. The antipodean outperforms …
Following the choppy action seen on the last day of the third quarter, the US Dollar (USD) holds its ground against its rivals in the European morning on Thursday. The US economic calendar will featur…
The Japanese Yen (JPY) heads lower against the US Dollar (USD) on Thursday as higher US Treasury yields have offset the positive impact of a hawkishly tilted Summary of Opinions by the Bank of Japan (…
Australia's Trade Balance narrowed to A$495M MoM in August, followed a surplus of A$1,351M in the previous reading (revised from A$1,923M), according to the latest foreign trade data published by the …
USD/CHF continues its winning streak for the seventh consecutive trading day, reaching its fresh 16-month high of 0.8367 during Asian hours on Thursday. The currency pair appreciated as the Swiss Fran…
The US official stated on Monday that US Secretary of State Marco Rubio told the Iranian delegation to the United Nations General Assembly immediately leave the United States (US) after talks stalled,…
In its Financial Stability Review (FSR) published on Thursday, the Reserve Bank of Australia (RBA) said that “households and businesses are well placed to weather a slower economy and falling house pr…
The USD/CAD pair holds steady around the 1.4235 area during the Asian session on Thursday, consolidating its recent strong gains registered over the past four weeks or so. Meanwhile, the fundamental b…
US President Donald Trump unveiled a $200 billion investment plan from South Korea, $54 billion of which is slated to go to a liquefied natural gas (LNG) project in Alaska, Reuters reported on Thursda…
The Bank of Japan (BoJ) published the Summary of Opinions from the September monetary policy meeting, with the key findings noted below.
West Texas Intermediate (WTI) oil price loses ground after posting modest gains in the previous day, trading around $89.10 per barrel during Asian hours on Thursday. Crude oil prices declined as inves…
Softer US inflation pulled October Fed hike odds down to near 35%, and USD/JPY fell below 156.50 on the release. It finished back just under 157.50, its fourth straight close on the 157.00 handle. The…
The Fed Governor Lisa Cook crossed the wires on Wednesday and said she is committed to returning inflation to the Fed’s 2% goal while preserving the strength of the labour market.
The Mexican Peso (MXN) prolongs its agony, extending losses by over 0.11% against the Greenback for the third straight day on Wednesday, while USD/MXN continues to trade above the psychological level …
EUR/USD remains on the defensive on Wednesday as a broadly stronger US Dollar (USD) weighs on the pair, leaving the Euro on track for a loss of more than 2% in September. At the time of writing, EUR/U…
The US Dollar (USD) has traded with marginal gains, coming under pressure following daily tops near 101.50 as investors evaluated softer-than-expected PCE data in August and trimmed some bets on extra…
The US dollar (USD) emerged as the go-to safe-haven asset in 2022, supported by an aggressive tightening monetary policy by the US Federal Reserve (Fed). The central bank ratcheted up the target inter…
European Central Bank (ECB) Governing Council member Isabel Schnabel said Wednesday that high costs are passed through to consumers more quickly when the economy is resilient.
West Texas Intermediate (WTI) Oil rebounds on Wednesday and remains on track for a monthly gain of around 5.5%. The lack of progress in US-Iran negotiations to reopen the Strait of Hormuz keeps geopol…
Gold prices (XAU/USD) retreated on Wednesday, down 0.6%, after US inflation data came in above the Federal Reserve’s (Fed) 2% goal but below estimates, prompting investors to price in a less hawkish c…
European Central Bank (ECB) President Christine Lagarde said that France’s debt situation is “serious at 120% of GDP and without a path to lowering it.”
Deutsche Bank’s Early Morning Reid notes that China’s latest PMI data show a broad-based pickup in activity. The private-sector RatingDog Manufacturing PMI and official manufacturing PMI both strength…
EUR/USD holds modest gains on Wednesday as traders assess the latest economic data from both sides of the Atlantic. At the time of writing, the pair trades around 1.1363, up 0.20% on the day, after to…
Societe Generale analysts note China has unveiled targeted support measures, including a 25bp cut to the PBoC’s PSL rate and expanded relending quotas for innovation, technology, agriculture and small…