USD/CHF extends its gains for the sixth successive day, reaching a seven-month high of 0.8107 during the Asian hours on Wednesday. The pair rises as the Greenback strengthens on the complex Middle East situation. Traders will likely observe the Swiss … [Continue reading]
Australia CPI set to show inflation accelerated again in May
The Australian Bureau of Statistics (ABS) will publish the high-impact Consumer Price Index (CPI) for May on Wednesday at 01:30 GMT.Heading into the inflation test, the Australian Dollar (AUD) is at its lowest level in two months against the US … [Continue reading]
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 … [Continue reading]
“Global imbalances are growing and may also be fuelling financial stability risks”: BoC’s Macklem
Bank of Canada (BoC) Governor Tiff Macklem said on Tuesday that global imbalances are increasing and may risk financial stability. Speaking to a business audience in Paris., Macklem noted that China’s outward flow of capital continues with the United … [Continue reading]
Indian Rupee drops against US Dollar amid hawkish Fed bets
The Indian Rupee (INR) trades lower against the US Dollar (USD) during India's afternoon trading hours on Tuesday. The USD/INR pair rises to near 94.85 as a firm US Dollar due to escalated hawkish Federal Reserve (Fed) bets has faded the impact of … [Continue reading]
Singapore Consumer Price Index (YoY) registered at 1.8, below expectations (2) in May
Gold is back in the red early Tuesday, having faced rejection once again at $4,200. The US Dollar holds at yearly highs amid hawkish Fed outlook, scepticism over US-Iran deal progress. Gold is primed to attack $4,100 as the daily technical setup … [Continue reading]
Japan Jibun Bank Services PMI increased to 51.8 in June from previous 50
The New York Stock Exchange parent company, Intercontinental Exchange, and crypto exchange OKX have formed a joint venture to develop infrastructure for tokenized and blockchain-native financial products, according to a statement on Monday. The … [Continue reading]
XRP recovers backed by steady ETF inflows
Ripple (XRP) gains momentum on Monday, trading above $1.15 as the crypto market widely recovers. This recovery comes amid easing geopolitical tensions in the Middle East, following reports that the United States (US) and Iran made progress in the … [Continue reading]
British Pound rises as US-Iran talks offset UK political shock
The Pound Sterling advances some 0.14% on Monday as the US-Iran negotiations laid a “good foundation” according to US Vice President JD Vance, after ending the first round of talks in Switzerland. Meanwhile, the UK PM Keir Starmer announced its … [Continue reading]
Canada CPI expected to show rising inflation in May
The publication of Canada’s May Consumer Price Index (CPI) figures on Monday will be the focus of attention. Indeed, Statistics Canada data will provide markets with an update on price pressures following its June 10 meeting, where policymakers kept … [Continue reading]