Tech stocks tumbled, leading the Nasdaq Composite to drop 2% as easing inflation data spurred a sell-off. Tech giants lost over $600 billion valuation.
Spot gold prices decreased by 0.2% to $2,407.29 per ounce as of 0049 GMT. Concurrently, U.S. gold futures saw a 0.4% decline to $2,411.20. Learn how the firming dollar, spurred by political uncertainties and an attack on U.S. presidential candidate …
A sharp sell-off in mega-tech stocks dragged down the Nasdaq and the S&P 500. However, a cooler-than-expected inflation update suggested a nearly certain 25 basis points (bp) Federal Reserve rate cut in September. Learn how despite the tech slump, the …
The Mexican peso rebounded against a weaker US dollar and the cautious stance on inflation by Banxico. Read more about the market implications and forecasts.
The yen experienced significant swings on Friday, reflecting investor nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. Learn what to expect for the Yen in coming weeks.
USDSGD edges higher as speculation about Donald Trump’s potential election victory boosts the US dollar. Learn how political developments are impacting the market.
Key points: The Australian dollar surged to a six-month peak while the New Zealand dollar dropped amid changing rate cut expectations. Market volatility driven by U.S. inflation data impacted the Australian and New Zealand dollars differently. The Australian dollar held …
Silver prices rose slightly above $31 per ounce, maintaining sideways as the markets anticipate key US inflation data. Learn how a supply deficit in 2024 will hit the momentum.
AAPL becomes the first company to close above a $3.5 trillion valuation. Learn about the AI strategy of Apple and what the recent stock price surge means for the market.
The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.
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