Offshore yuan rebounds past 7.11 per dollar as Donald Trump’s chances of winning the U.S. presidency decline, reducing tariff threats. Traders now focus on U.S. inflation and key Chinese economic data. -vtmarkets.com
New Zealand dollar remains steady as investors await US inflation data, which could guide Federal Reserve’s rate decision next week. -vtmarkets.com
Chicago wheat prices remained largely unchanged on Wednesday, hovering around $5.74-1/4 per bushel, as ample supplies from the Black Sea region continued to weigh on the market. -vtmarkets.com
The yen held close to a five-week high on Wednesday, with USD/JPY at 142.18. The dollar was down 0.2% in early trading, and traders are now focused on upcoming U.S. inflation data and the first U.S. presidential debate between Kamala …
Key Points: GBPUSD fell 1% after US dollar strength was fueled by lower-than-expected jobs data. The US economy added 142,000 jobs in August, below the consensus estimate of 164,000. Markets now anticipate volatility leading up to the Fed’s interest rate …
Key Points: AUDUSD dips below $0.666 due to weak consumer and business sentiment in Australia. Traders exercise caution ahead of key U.S. inflation data and potential Federal Reserve rate cuts. RBA keeps rates steady, focusing on managing inflation and labor …
Key points: Apple revealed the iPhone 16 Pro, featuring improved battery life and AI-driven personal intelligence capabilities. Apple shares are forecasted to grow earnings by 9% in FY24, with a 2% increase in sales. Apple hosted its highly anticipated September …
Key points: Spot gold remains flat at $2,504.98 per ounce as of 0027 GMT. Fed funds futures price in a 70% chance of a 25-basis-point interest rate cut in September. Gold prices remained stable on Tuesday as investors awaited critical …
Key Points: Gold prices held near $2,500 per ounce as markets speculated on the Fed’s upcoming interest rate decision. Mixed U.S. jobs data, with fewer jobs added than expected, but rising wages and steady unemployment at 4.2%. Market participants are …
Key Points: Oil prices jumped in the Asian session following the steep selloff.. Weather concerns, including a potential hurricane approaching the U.S. Gulf Coast contributed to the rebound. Oil prices made a sharp recovery as the threat of a hurricane …
