China’s monthly car exports top 1m for first time as overall trade soars
China’s monthly car exports topped 1m for the first time in June as overall overseas shipments from the world’s second biggest economy rose 27%.
Economy
Indian Rupee drifts sharply lower as US claims right of Hormuz toll fee
The Indian Rupee trades significantly lower against the US Dollar (USD) on Tuesday. The USD/INR pair posts a fresh seven-week high near 96.13 as surging oil prices and United States (US) Treasury Yields due to threats o…
How US commerce secretary's Epstein links were uncovered by British whistleblower
A British man has told the BBC how he unearthed evidence indicating that his former employer, Howard Lutnick - now US commerce secretary - failed to disclose a business relationship with the paedophile financier, Jeffre…
North Sea oil industry urges Burnham to approve new drilling in UK waters
The UK’s North Sea oil industry has made a last-ditch attempt to curry favour with the Labour government by appealing to Andy Burnham’s reindustrialisation agenda just days before he is expected to become Britain’s next…
Euro: Downside bias but key support holds against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that EUR/USD slid to 1.1377 and closed at 1.1381, a two‑week low, as the Dollar strengthened ahead of United States (US) Consumer Price Index (CPI). Whi…
US CENTCOM says US forces complete new strikes on Iranian military targets
The United States Central Command (CENTCOM) said on Tuesday that US forces complete new strikes on Iranian military targets, adding that more than 50,000 US service members are currently deployed across the Middle East,…
British Pound strengthens above 1.3350 ahead of US CPI data
The GBP/USD pair trades in positive territory around 1.3360 during the Asian trading hours on Tuesday. However, the potential upside for the major pair might be limited amid fears of an escalating US-Iran conflict. The …
Indonesian Rupiah gains as S&P’s stable ‘BBB’ rating boosts investor confidence
USD/IDR depreciates after registering gains in the previous day, trading around 18,140 during the Asian hours on Tuesday. The Indonesian Rupiah (IDR) stabilizes against the US Dollar (USD), buoyed by a rally in domestic…
UK’s alcohol-free beer boom threatened by regulations, trade body warns
BBPA wants content definition for beer to be considered alcohol free to be changed from 0.05% to 0.5%
Iran’s IRGC says cooperation with 'aggressor enemy' in Hormuz will delay reopening of waterway
The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Tuesday that two 'offending supertankers' were hit and disabled in the Strait of Hormuz. IRGC said that tankers ignored warnings, turned off navigation syste…
How US commerce secretary's Epstein links were uncovered by British whistleblower
A British man has told the BBC how he unearthed evidence indicating that his former employer, Howard Lutnick - now US commerce secretary - failed to disclose a business relationship with the paedophile financier, Jeffre…
AUD/JPY Price Forecast: Grinds higher above 112.50, yet stays constrained by mildly bearish bias
The AUD/JPY cross gathers strength to near 112.55 during the early European trading hours on Tuesday. The Japanese Yen (JPY) attracts some sellers against the Australian Dollar (AUD) after Reuters reported on Monday tha…
Gold bounces off two-week low as USD bulls turn cautious ahead of US CPI, Fed's Warsh
Gold (XAU/USD) recovers slightly from a nearly two-week low, touched during the Asian session on Tuesday, and climbs back above the $4,000 psychological mark, though the upside potential seems limited. The US Dollar (US…
Swiss Franc advances as US Dollar slips despite Fed rate hike odds
USD/CHF declines after two days of gains, trading around 0.8140 during the Asian hours on Tuesday. Traders will likely observe the Swiss Producer and Import Prices data for June due later in the day.
Vault and Genesis agree to merge and create $8.71 billion Australian gold producer
July 14 (Reuters) – Genesis Minerals has agreed to acquire smaller peer Vault Minerals in a deal that would create Australia’s third-largest gold producer with a market capitalisation of around A$12.6 billion ($8.71 bil…
AUD/USD Price Forecast: Tests nine-day EMA barrier near 0.6950
AUD/USD edges higher after posting 0.5% losses in the previous day, trading around 0.6930 during the Asian hours on Tuesday. The technical analysis of the daily chart shows the pair remaining within the descending chann…
NZD/USD Price Forecast: Hits four-week top on hawkish RBNZ; eyes 0.5810-0.5820 confluence
The NZD/USD pair catches aggressive bids during the Asian session on Tuesday and jumps to a nearly four-week top in the last hour amid a combination of supporting factors.
US burrito chain Chipotle opening first outlet in Mexico
Chipotle Mexican Grill is set to open its first restaurant in Mexico this week, testing its appeal in the country that inspired its menu.
Silver Price Forecast: XAG/USD dips as oil surge lifts Fed hike odds
Silver price (XAG/USD) loses ground for the third consecutive day, trading around $57.60 per troy ounce during the Asian hours on Tuesday. The price of the non-yielding white metal faces challenges as escalating Middle …
WTI spikes amid escalating Middle East Tensions
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties followi…
Australian Dollar weakens to near 0.6900 as US launches more strikes against Iran
The AUD/USD pair trades with mild losses around 0.6915 during the early Asian session on Tuesday. Ongoing geopolitical tensions in the Middle East continue to boost a safe-haven currency such as the US Dollar (USD) agai…
Japan’s Katayama floats GPIF review, retail bond push to bolster local markets
Comprehensive information about the JPY USD (Japanese Yen vs. US Dollar). You will find more information by going to one of the sections on this page such as historical data, charts, converter, Technical analysis, news,…
RBNZ's Conway: Inflation to return to 2% over medium term
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term.
China: Prolonged stagnation path – Commerzbank
Commerzbank’s Dr. Henry Hao argues China’s housing downturn, now in its fifth year, is settling into an L-shaped stagnation with a pronounced K-shaped regional divergence. The report highlights persistent weakness in de…