The New Zealand Dollar tumbles against the US Dollar for the second straight day this week, down 0.37% as risk appetite sours, with AI company CEOs expressing concerns about the rapid pace of evolution and as high energy prices push markets to expect … [Continue reading]
Gold finds support near one-month low ahead of Fed interest rate decision
Gold (XAU/USD) trims part of its intraday decline on Tuesday. However, a stronger US Dollar (USD), rising US Treasury yields and US Federal Reserve (Fed) interest rate hike expectations create a challenging backdrop for the non-yielding metal, … [Continue reading]
Brent: Higher risk premium and retest of highs – Rabobank
Rabobank's Senior Energy Strategists Joe DeLaura and Florence Schmit revise their Brent outlook higher as Middle East disruptions tighten supply routes. They now see Brent at $107/bbl in Q4 2026 and $94/bbl in 2027, warning that extended outages to … [Continue reading]
Indonesian Rupiah weakens amid stronger US Dollar, higher oil prices
Indonesian rupiah weakened as rising oil prices raised inflation fears and threatened the net oil importer's fiscal position.USD/IDR extends its gains for the fourth consecutive day, trading around 17,730 during Asian hours on Tuesday. The pair … [Continue reading]
Iran’s President Pezeshkian: Our demands are the same as our previous demands
Iran's President Masoud Pezeshkian said on Monday that Tehran is not at war with Saudi Arabia. Pezeshkian added that Iran’s demands for negotiation with the United States (US) are the same as our previous demands.Meanwhile, US President Donald Trump … [Continue reading]
Forex Today: US Dollar firms ahead of UK jobs and a midweek Fed decision
Here is what you need to know on Tuesday, September 15:The US Dollar Index (DXY) held firm at the start of the week, staying above the 99.00 mark and trading near 99.40, still short of the 100.00 threshold. The bid is coming from the Federal Reserve … [Continue reading]
Australian Dollar slides to monthly low as Fed hike odds firm
AUD/USD slipped to a new monthly low in the 0.7100s on Monday, driven by a firm run of United States (US) data that has pushed the market toward pricing in a Federal Reserve (Fed) rate hike at its meeting later this week.After a firm Producer Price … [Continue reading]
Canada CPI Preview: Inflation forecast to remain stable in August
Canada’s August Consumer Price Index (CPI) figures will be the focus of attention when published on Monday. Indeed, Statistics Canada data will provide markets with an update on price pressures following the Bank of Canada’s (BoC) September 2 … [Continue reading]
ECB’s Lagarde: The current shock is longer-lasting
European Central Bank (ECB) President Christine Lagarde said in an interview on Saturday that the current energy shock is longer-lasting. She added that the “conflict is continuing” and, “We [ECB] expect the volatility and pressure on energy prices … [Continue reading]
WTI rebounds toward nearly four-month highs after Saudi pipeline shutdown
West Texas Intermediate (WTI) oil price rebounds after falling nearly 4% in the previous trading day, hovering around $99.40 per barrel during Asian hours on Monday. Crude oil prices are rising toward nearly four-month highs following a drone attack … [Continue reading]