The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts buyers for the fifth straight day and climbs back above the 102.00 mark during the Asian session on Friday. The Index remain…
USD/CAD rebounds after registering losses in the previous day, trading around 1.4230 during the Asian hours on Friday. The currency pair continues to gain ground as the US Dollar (USD) receives strong support. This mome…
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.75 during the early Asian trading hours on Friday. WTI flatlines after a two-day gain as the United States (US) mulled sending another air…
The GBP/USD pair languished near its lowest level since June 26, touched the previous day's low, trading below the 1.3200 mark during the Asian session on Friday amid a bullish US Dollar (USD). Spot prices seem poised t…
US official said that the Pentagon may soon send a third aircraft-carrier strike group and 10,000 sailors and Marines to the Persian Gulf, the Wall Street Journal reported on Thursday. The move came as US President Dona…
Gold price drifted higher, posting modest gains of over 0.40% on Thursday as US Treasury yields dove after Wednesday's inflation data, triggering a trimming of hawkish Fed bets for the October meeting. The XAU/USD trade…
At the turn of the year 2025-26, economic growth surprised on the upside while financial market sentiment remained strong despite high uncertainty. The war in the Middle East is now putting this resilience to the test. …
Federal Reserve (Fed) Vice Chairman Philip Jefferson said Thursday that “inflation has resulted from a cascade of shocks” at the Darden School of Business at the University of Virginia in Charlottesville, Virginia.
The odds of an October Fed rate hike have roughly halved since Monday, and the Dollar Index has risen on every one of those days. It trades near 102.10, its highest since April 2025. The index is moving with Crude Oil a…
The US Dollar Index (DXY) rally gathers pace on Thursday, climbing to a fresh year-to-date high as resilient US economic growth, a firm labour market and stubborn inflation support expectations of further monetary polic…
Minneapolis Federal Reserve (Fed) President Neel Kashkari said on Thursday he is unsure about an October rate hike but added that he is “open-minded about how fast the Fed should raise interest rates.”
Vice Chairman of the Federal Reserve (Fed) Philip Jefferson said on Thursday that the Fed "is fully committed to returning inflation to 2% target” and that future interest rate decisions “should be driven by data.”
A Bank of Mexico (Banxico) survey of private economists revised down headline and core inflation forecasts, updated projections for the USD/MXN exchange rate, and revised projections for future interest rates set by the…
Gold (XAU/USD) attracts some sellers during the Asian session on Friday, though the downside remains limited as traders opt to wait for the crucial US employment details before placing fresh directional bets. The popula…
USD/JPY reverses its earlier gains on Thursday as traders hesitate to push the pair higher amid the risk of intervention by Japanese authorities. This allows the Japanese Yen (JPY) to regain some ground even as the US D…
AUD/USD falls to around 0.6910 on Thursday at the time of writing, down 0.48% on the day. The Australian Dollar (AUD) loses ground against the US Dollar (USD) despite the Reserve Bank of Australia’s (RBA) decision to ra…
The shortage pushing Crude Oil higher on Thursday is in diesel, gasoline and jet fuel, not in the barrels refiners buy to make them. Crude Oil has turned an early loss into a rally to near $91.50 since reports that Chin…
The Pound Sterling (GBP) dives by over 0.44% on Thursday, as business activity in the manufacturing sector remains solid in the US, while US jobs data confirmed the strength of the labor market. Consequently, this pushe…
EUR/USD extends its decline on Thursday, falling to its lowest level since May 2025 and setting a fresh year-to-date low as the US Dollar (USD) remains firmly supported by elevated US Treasury yields and resilient US ec…
USD/CAD trades around 1.4240 at the time of writing on Thursday, little changed on the day with a modest 0.07% gain. The pair remains supported by the strength of the US Dollar (USD), as United States (US) Treasury yiel…
In September, the US manufacturing sector lost some momentum. Indeed, the ISM Manufacturing PMI weakened to 54.5 in September from 54.6, below analysts' prediction of 55.
Minneapolis Federal Reserve (Fed) President Neel Kashkari told Bloomberg on Thursday that if they keep raising rates, they will put different pressure on different parts of the economy, per Reuters.
The Japanese Yen (JPY) underperforms its currency peers on Thursday, with the USD/JPY pair trading 0.55% higher to near 158.40. The Japanese currency trades lower as traders trim Bank of Japan (BoJ) interest rate hike e…
The New Zealand Dollar (NZD) keeps depreciating against the US Dollar (USD) on Thursday, hammered by a perfect storm of risk aversion, high Oil prices, and escalating US Treasury yields that have boosted the Greenback a…