Mexico Trade Balance, $ dipped from previous $4.52B to $2.259B in May
Mexico Trade Balance, $ dipped from previous $4.52B to $2.259B in May
Indonesia: Growth slows as energy shock bites – HSBC
HSBC strategists highlight Indonesia’s solid Gross Domestic Product (GDP) and contained inflation but warns that the energy shock is starting to weigh on activity and the balance of payments.
British Pound picks up above 1.3200 with the YTD lows of 1.3140 close by
The British Pound (GBP) is trading higher against the US Dollar (USD) for the second consecutive day on Friday, as the US Dollar’s rally faltered, with Oil prices returning to pre-war levels.
US Dollar: Choppy rates as markets digest PCE – TD Securities
TD Securities strategists note that United States (US) rates markets steepened after weaker headline Personal Consumption Expenditures (PCE) Price Index, while stronger personal income and spending data complicated the picture for the US Dollar (USD).
Gold Weekly Forecast: Sell-off intensifies, putting the $4,000 handle at risk
Gold (XAU/USD) edged higher to start the week before turning south and plunging to its lowest level since November, below $4,000. Although the precious metal managed to find a foothold, it struggled to stage a decisive rebound and ended the week deep in negative territory.
Mexican Peso: Under pressure as Banxico pauses – Societe Generale
Societe Generale strategists note USD/MXN has held key lows near 17.10 and is now trying to break out from a small base formation. Initial resistance is at the 200-day moving average around 17.80, with a recent low at 17.30 acting as support.
Economists Agree: Fed to hold rates in 3.50%-3.75% range this year – Reuters poll
According to the June 23-25 Reuters poll, 78 of 102 economists expect that the Federal Reserve (Fed) will hold interest rates steady in the current range of 3.50%-3.75% the entire year, up from 72 economists who anticipated the same in the early June poll.
India Bank Loan Growth remains unchanged at 17.7% in June 1
India Bank Loan Growth remains unchanged at 17.7% in June 1
India FX Reserves, USD up to $672.59B in June 15 from previous $671.63B
India FX Reserves, USD up to $672.59B in June 15 from previous $671.63B
Canadian Dollar strengthens on softer Fed outlook while Oil prices curb further gains
USD/CAD trades lower around 1.4180 on Friday, down 0.13% at the time of writing, as the US Dollar (USD) weakens following the latest US inflation data.
Gold Price Forecast: XAU/USD holds immediate support below $4,000 as US Dollar corrects
Gold price (XAU/USD) trades 0.6% higher to near $4,050 during the European trading session on Friday. The precious metal recovers after discovering support near $3,960 in the past two trading days.
Euro picks up above 1.1400 amid lower Oil prices and a softer US Dollar
The Euro (EUR) pares previous weekly losses against the US Dollar (USD) on Friday, favoured by a sharp decline in oil prices and a somewhat softer US Dollar.