Japan Corporate Service Price Index (YoY) rose from previous 3% to 3.3% in May
Japan Corporate Service Price Index (YoY) rose from previous 3% to 3.3% in May
British Pound Sterling bounces into an empty week
Sterling spent Tuesday confirming what the macro backdrop already implied, that the United Kingdom has no growth story to sell right now.
Gold loses ground to near $4,100 as inflation concerns, Fed rate hike bets build
Gold price (XAU/USD) loses momentum to around $4,100 during the early Asian session on Wednesday. The precious metal extends the decline as traders cement views on the US Federal Reserve (Fed) hiking interest rates this year.
Australian Dollar tumbles as risk aversion and Fed bets lift the USD
The Australian Dollar collapsed by over 1.20% on Tuesday as risk aversion favoured flows into the Greenback amid expectations of higher US interest rates, while the Aussie fell. The AUD/USD trades at 0.6915 after dropping from daily highs of 0.7005.
United States API Weekly Crude Oil Stock climbed from previous -8.33M to -0.765M in June 19
United States API Weekly Crude Oil Stock climbed from previous -8.33M to -0.765M in June 19
Canadian Dollar falls as USD strength, Oil weakness bite
The Loonie registers losses of 0.40% on Tuesday as the US Dollar refreshes year-to-date (YTD) highs, while falling Oil prices weighed on the CAD, with USD/CAD trading above 1.4200 for the first time since April 2025.
United States Dollar Index climbs to its highest level since May 2025 on Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, extends its rally on Tuesday, climbing to its highest level since May 2025. At the time of writing, the index trades around 100.40, up 0.4% on the day.
Argentina Gross Domestic Product (YoY) came in at 2.3%, above expectations (1.7%) in 1Q
Argentina Gross Domestic Product (YoY) came in at 2.3%, above expectations (1.7%) in 1Q
Swiss Franc falls vs US Dollar, climbs against Euro in mixed trade
The Swiss Franc (CHF) extends its losses for the fifth straight trading day against the US Dollar (USD), down 0.15% on Tuesday, as risk appetite sours amid the AI rout and expectations that the Federal Reserve (Fed) could raise rates later this year. At the time of writing, USD/CHF trades at 0.8100
Forex Today: US Dollar surges to 13-month high as traders assess Global flash PMIs
The US Dollar Index (DXY) surged to a one-year high near 101.40 on Tuesday as investors digested the latest S&P Global US Purchasing Managers Index (PMI), which showed business activity remained resilient. The Manufacturing PMI rose to 55.7 in June, its highest level since May 2022.
Gold price slides as AI rout fuels US Dollar flight
Gold (XAU/USD) price erases Monday’s gains, diving over 1.30% on Tuesday, pressured by broad US Dollar (USD) strength, driven by a hawkish Federal Reserve (Fed), as well as a risk-off mood that is driving flows toward the Greenback's safe-haven appeal.
South Korean Won: Weak KRW and hawkish BoK expectations – Commerzbank
Commerzbank highlights strong South Korean export momentum, led by semiconductors and petroleum, but notes that South Korean Won (KRW) remains one of Asia’s weakest currencies versus the Dollar.