The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the third consecutive day and trading around 98.80 during Asian hours on Wednesday.
The EUR/JPY cross trades in negative territory near 178.50 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as a slew of hawkish comments from the Bank of …
USD/CHF loses ground for the third consecutive day, trading around 0.8090 during the Asian hours on Wednesday. The pair remains subdued as the US Dollar (USD) holds losses despite a hawkish tone surrounding the Federal …
Andy Burnham should tackle inequality in the UK by introducing a wealth tax, universal free personal social care and bringing gas and electricity networks under public ownership, according to a report from more than a d…
The US is banning a slew of Canadian products, including alcoholic spirits, dairy goods and motorbikes, as its neighbour's retaliatory tariffs on American goods come into force.
The measure comes as Canada imposes $20bn in retaliatory tariffs and Canadian prime minister Mark Carney vows to reduce his country’s economic dependence on the US
The EUR/USD pair attracts fresh buyers during the Asian session on Wednesday, though it lacks bullish conviction and remains confined within the weekly range. Spot prices currently trade near the 1.1630 region, up aroun…
Hundreds of thousands of air passengers had flights delayed or cancelled after another UK air traffic control technical glitch kept planes grounded for hours on Tuesday.
Russian President Vladimir Putin sent a telegram to North Korean leader Kim Jong Un congratulating him on the 78th anniversary of the republic’s founding. In it, he pledged to strengthen the partnership between Moscow a…
The USD/JPY continued to fall for the second straight day, losing 0.40%, but found support around 153.00, with the pair set to end the session at around 153.75.
OpenAI says it has found a solution to a decades-old advanced maths problem in a matter of hours using a new artificial intelligence (AI) model and thousands of AI bots.
Silver price struggles to clear a key technical resistance near $67.00, retraces to two-day lows at $65.31, and records a 1.42% loss. The non-yielding metal failed to sustain its early gains amid elevated US bond yields…
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USD/CAD rebounds on Tuesday after hitting an intraday low of 1.3760 and trades around 1.3790 at the time of writing, down 0.18% on the day. The Canadian Dollar (CAD) retains part of its gains against the US Dollar (USD)…
UOB’s Quek Ser Leang and Lee Sue Ann note GBP/USD edged higher to around 1.3545, with no significant build-up in momentum but a modest upside tilt toward 1.3565 in the near term. They stress that major resistance at 1.3…
Russian Foreign Minister Sergey Lavrov suggested that Ukraine become a “buffer zone” once the conflict ends. This was his response to a question about guarantees that hostilities would not resume in 25 years.
Apple and Google will be forced to block explicit images on children’s smartphones by law in the UK after talks failed to produce a breakthrough, the government has said.
The New York Federal Reserve (Fed) released on Tuesday the August Survey of Consumer Expectations, in which households' inflation expectations dipped in the medium term, while expectations about the labor market remaine…
The UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey.
Prime Minister Mark Carney has said that Canada's pivot away from the US as its largest trading partner "will come at a cost", as a wave of Canadian retaliatory tariffs on American goods come into force.
Forex markets have remained subdued since the beginning of the week, with the US Dollar (USD) holding near 99.00 on Tuesday, as depicted by the US Dollar Index (DXY). Geopolitical developments in the Middle East, a jump…
An overwhelming victory by a far-right-wing party in a small state in eastern Germany will have major repercussions for Chancellor Friedrich Merz’s coalition.
The Loonie gains some traction versus the Greenback, while the latter posts modest losses, as US and Canadian financial markets remain closed in observance of Labour Day. Nevertheless, the USD/CAD edges lower by some 0.…
The Mexican Peso (MXN) remains unchanged against the US Dollar (USD) on Tuesday as market participants await the release of Mexico’s Fiscal package, which will be delivered to the Mexican Congress for approval. At the t…