EUR/USD edges higher on Friday as the US Dollar (USD) pauses after a strong weekly rally, allowing the Euro (EUR) to recover some ground. However, the pair remains on track for a third consecutive weekly decline.
New York Federal Reserve (Fed) Bank John Willams said in a panel discussion at Oxford University on Friday that although tariffs and higher energy prices don’t to a sustainable inflation. However, repeated supply shocks…
Bank of England (BoE) Governor Andrew Bailey said on Friday that the pass-through from higher energy prices remains “quite subdued” so far, while stressing that it is still early days.
Commerzbank’s India section notes September flash PMIs pointing to stronger end-Q3 activity, with both manufacturing and services indices well above 50. Domestic demand is robust, but elevated input and output prices, e…
Gold (XAU/USD) edges higher on Friday as the US Dollar (USD) and Treasury yields take a breather following their strong rally this week. At the time of writing, XAU/USD trades around $4,310 after slipping to a one-week …
The Euro (EUR) remains practically flat, just below three-month highs against the British Pound (GBP) on Friday, despite the downbeat German consumer confidence data released earlier in the day. The EUR/GBP pair stands …
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.15 in the early European trading hours on Friday.
The price of the US benchmark West Texas Intermediate (WTI) barrel has stabilised above $91.00 on Friday, with the reversal from Thursday’s highs, near $96.00, losing momentum. Ongoing hopes that the US-Iran contacts wi…
The Reserve Bank (RBNZ) has held its benchmark official cash rate (OCR) unchanged at 2.25 percent, as it forecast inflation to break above 4 percent but said it did not want to hurt the economic recovery.
Japanese Finance Minister (FM) Satsuki Katayama stresses on Bank of Japan’s (BoJ) independence while speaking during the European trading session on Friday. This is the second time in the day when Katayama has delivered…
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Friday after a vertical sell-off in the last two trading days. In the European trade, the Aussie pair is slightly higher to near 0.7020 after findi…
USD/JPY halts its five-day winning streak, trading around 158.10 during Asian hours on Friday. The currency pair depreciates as the Japanese Yen (JPY) gathers support. Market participants are remaining on high alert, an…
ING’s Francesco Pesole explains that the Swiss National Bank held rates but surprised dovishly, downplaying second-round inflation effects and tweaking its FX stance.
EUR/CAD gains ground for the second successive day, trading around 1.6110 during early European hours on Friday.
The dollar closed higher against every major currency Thursday. Treasury yields climbed across the curve, with the 10-year near 5.19%, while European shares finished lower.
Deutsche Bank strategists report renewed pressure on global equities as surging bond yields and higher Oil prices weigh on risk assets. The S&P 500 slipped for a third session despite a late recovery, while European ind…
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $92.60 per barrel during Asian hours on Friday. Crude oil prices depreciated amid reports that the United States (US) and Iran wer…
The Aussie Dollar fell for the third straight day, down 0.37% against the US Dollar, which remained boosted by elevated US yields, which jumped as Oil prices rose and as inflation pressures built. The AUD/USD trades at …
The EUR/USD pair trades with mild losses near 1.1375 during the early Asian trading hours on Friday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish signals from the Federal Reserve (Fed) officials a…
Iranian President Masoud Pezeshkian said that it is for the United States (US) to decide whether to end its war against the Islamic Republic, as Tehran does not wish to continue fighting, Fox News reported on Thursday.
Rabobank’s Molly Schwartz and Christian Lawrence note Banxico kept its overnight rate at 6.50% but significantly softened forward guidance, decoupling Mexican policy from expected Federal Reserve moves. Inflation foreca…
Chinese President Xi Jinping stated during his visit to Washington that Beijing and Washington must find a proper way to coexist peacefully and act as partners rather than rivals, the Financial Times reported on Thursda…
Yemen's Houthi claimed on Thursday that it launched dozens of ballistic missiles and drones at Saudi military installations in the kingdom's southwestern Jazan region, the Saudi-led coalition in Yemen said were aimed at…
Finance Minister Katayama said on Thursday that the principles behind the joint US-Japan intervention of July 31 are still alive, and USD/JPY went on to touch 159.00, its highest since early September. The pair is tradi…