Key points: Indonesia rupiah hits weakest since early May Most Asian equities in the red Vietnam’s annual inflation accelerates The Indonesian rupiah and the Philippine peso were the biggest losers among Asian currencies on Wednesday. The upward movement in U.S. …
Key points: Copper prices increase on expectations of stronger demand from China. LME copper rose 0.5% to $4.79 per pound while SHFE copper gained 0.3% to $5.32 per pound. Recent US dollar stability and rising inventories in China limited the …
Key points: USD/SGD slips 0.1% to 1.3472 during the Asian session. Market focus on the Conference Board’s consumer confidence data for May. Technical support at 1.3400 and resistance at 1.3500. During the Asian trading session, the USDSGD pair edged lower, …
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 …
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