Key points: Australian dollar appreciates past $0.665, marking a three-day winning streak. Domestic inflation figures and cautious retail sales data influence interest rate outlook. Market bets on the Reserve Bank of Australia maintaining high rates longer. The Australian dollar (AUD) …
Key points: PBOC sets the midpoint rate at 7.1101 per U.S. dollar. Onshore yuan opened at 7.2425 per dollar, midday at 7.2461, weaker by 11 pips. On Tuesday, China’s yuan slipped slightly as traders remained cautious ahead of key inflation …
Key points The Indian rupee opens little changed, with a focus on speculative flows. U.S. core PCE inflation data and Fed policy outlook remain crucial for global markets. The Indian rupee is expected to open steady on Tuesday, influenced by …
Key points: Gold rises to $2,339.9 a troy ounce, recovering from recent losses. Market focus shifts to the U.S. Personal Consumption Expenditures (PCE) price index release this coming Friday. Federal Reserve minutes dampened hopes for rate cuts, impacting gold prices …
Key points: Nasdaq composite index closed at a record high of 16,920.79, gaining 1.3% last week. Impressive earnings report from Nvidia drives investor interest in AI-related stocks. Nasdaq achieves nearly 9% gain in May, leading major indices. The Nasdaq composite …
Key points: Dollar supported by interest rate expectations and mixed U.S. economic data. Euro and yen trading in tight ranges, awaiting key inflation readings. The dollar started the week on a firm note as traders awaited crucial inflation data from …
Key points: OPEC+ to discuss maintaining voluntary output cuts of 2.2 million barrels per day. Brent crude futures for July increased slightly to $82.23 a barrel. Oil prices saw minimal movement in early Asian trading on Monday, as market participants …
Key Points: The Central Bank of Turkey (CBT) kept the policy rate at 50%, in line with expectations. CBT maintains a tightening bias, indicating further hikes may be necessary if inflation persists. Forex reserves have improved, leading to increased Turkish …
Japanese CPI eased in April; record wage rises haven’t impacted general prices. BoJ’s challenge: Hiking into economic weakness with uncertain inflation path. Nasdaq Composite, S&P 500, Dow Jones all saw dips Nvidia shares surged over 9%, topping $1,000 for the …
Key points: Dollar heads for its largest weekly rise in over a month. U.S. business activity hits a two-year high, influencing interest rate expectations. The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong …
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