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Forex Today: US Dollar firms on Hormuz jitters ahead of UK CPI and FOMC Minutes
The US Dollar Index (DXY) held a firm tone near the 99.60s on Tuesday, keeping a mild safe-haven bid...
America’s growing debt pile will be the big focus Wednesday as global bond rout deepens
How much will the U.S. need to pay to convince the world to keep lending it money?...
Soaring diesel prices rip across US economy
Rising fuel costs threaten new jolt of inflation ahead of November’s midterm elections...
Chinese Yuan: Range trade persists, downside risk intact against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/CNH remains confined to a tight range, with the Dollar expected to trade between 6.7940 and 6.8080 in the near term.
Forex Today: US Dollar neutral as Fed rate hike bets stay alive
The US Dollar Index (DXY) traded on a neutral stance near the 101.20 level on Tuesday as investors digested mixed United States (US) data and hawkish Federal Reserve (Fed) commentary.
Gold rises above $4,000 yet poised for an 11% monthly loss
Gold (XAU/USD) price posts modest gains of 0.35% on Tuesday, set to end the month with losses of over 11% after retreating from monthly highs around $4,500 towards $4,000, weighed by overall US Dollar ...
USD/CHF Price Forecast: US Dollar holds key support, bulls eye YTD high
The USD/CHF pair holds firm around 0.8070 on Tuesday, after losing 0.29% on Monday, supported by broad US Dollar (USD) weakness amid month-end flows and improving risk appetite.
NZD/USD Price Forecast: Recovery faces resistance at 0.5700
The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on Tuesday, supported by upbeat New Zealand business confidence data and a modest pullback in the Greenback. At the time of writin ...
BoE’s Bailey: “We have time to judge the pass-through of higher energy prices”
Bank of England (BoE) Governor Andrew Bailey said in comments to CNBC that policymakers have time to assess how higher energy prices may feed through into the United Kingdom (UK) economy, while noting ...
Pound Sterling Price News and Forecast: GBP/USD holds firm as political stability offsets UK growth miss
The Pound Sterling advances 0.11% on Tuesday, even though UK data showed the economy is slowing, while the latest US jobs report showed that the number of vacancies rose in May, according to the US Bu ...
Australian Dollar advances as hawkish RBA Minutes meet firmer US confidence data
AUD/USD trades higher near 0.6915 on Tuesday as investors digest the latest Reserve Bank of Australia (RBA) Meeting Minutes and a modest improvement in United States (US) Consumer Confidence.
Japanese Yen extends its fall as US-Japan rate gap underpins US Dollar
USD/JPY trades around 162.65 at the time of writing, up 0.44% on the day, and remains close to its highest level in several decades.
Euro trims losses but Fed rate-hike bets keep gains in check
The Euro (EUR) stages a rebound against the US Dollar (USD) on Tuesday as month-end repositioning weighs modestly on the Greenback, limiting support from upbeat US economic data. At the time of writin ...
British Pound holds firm as political stability offsets UK growth miss
The Pound Sterling advances 0.11% on Tuesday, even though UK data showed the economy is slowing, while the latest US jobs report showed that the number of vacancies rose in May, according to the US Bu ...
Silver Price Forecast: XAG/USD attempts to reclaim $60 as bearish trend persists
Silver (XAG/USD) edges higher on Tuesday as the US Dollar (USD) trims part of its intraday gains despite upbeat US economic data. At the time of writing, XAG/USD trades around $59.70, up nearly 2.5% o ...