USD/INR holds positive ground on a rise in month-end US Dollar demand
The Indian Rupee (INR) loses momentum on Wednesday. Month-end US Dollar (USD) demand from local oil companies and importers, coupled with the Greenback's recovery against major currencies, undermines the Indian currency.
Gold and Silver Rally on Inflation Fears as US Dollar Weakens
Gold and silver build positive price action on inflation concerns as the US dollar weakens.
NZD/USD extends gains to near 0.5750 amid improved risk sentiment, China stimulus hopes
NZD/USD continues its upward momentum for the second consecutive day, trading around 0.5740 during Asian hours on Wednesday. The pair strengthens as the New Zealand Dollar (NZD) gains traction, supported by improved trader sentiment after S&P Global Ratings projected that New Zealand and several regional economies would be less affected by US tariffs.
PBOC sets USD/CNY reference rate at 7.1754 vs. 7.1788 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1754 as compared to the previous day's fix of 7.1788 and 7.2559 Reuters estimate.
EUR/USD continues to backslide, but short pressure beginning to ease
EUR/USD has slowed its recent pace of declines, but still lost ground for a fifth consecutive trading day as price action continues to test below 1.0800. The Euro is struggling to find its feet as a notable lack of meaningful EU data on the economic docket leaves Fiber bidders at the mercy of geopolitical headlines and market flows from US data releases.
GBP/USD coils ahead of key UK CPI inflation print
GBP/USD continues to wear worry lines into the charts near the 1.3000 handle as Cable traders draw into the midrange after a near-term bullish recovery lost steam. The pair has yet to draw in a confirmed pullback, as both Pound Sterling and Greenback traders await firmer signs of economic health from either economy.
USD/CAD holds steady above 1.4250 on tariff and election uncertainty
USD/CAD holds steady above 1.4250 on tariff and election uncertainty
Gold price shines brighter as US yields tumble
Gold price advances on Tuesday as the US Dollar (USD) remains on the back foot and amid falling US real yields, which typically correlate inversely to bullion prices. An unexpected rise in inflation expectations, spurred by US trade policies, boosted demand for the yellow metal, which is gaining 0.26%, trading at $3,018.
Silver Price Forecast: XAG/USD soars over 2% on stagflation woes igniting safe-haven demand
Silver price soared on Tuesday, registering gains of over 2.10%, as a weaker US Dollar could not cap the metal's advance amid increased fears of a stagflationary scenario, following a Conference Board (CB) Consumer Confidence poll. At the time of writing, the XAG/USD trades at $33.72, virtually unchanged.
Trump's endless trade threats come at a growing cost
As "liberation day" nears, evidence of economic harm builds ...