New Zealand Dollar bulls seem hesitant; downside seems limited amid weak USD
The NZD/USD pair kicks off the new week on a positive note amid a broadly weaker US Dollar (USD), though it struggles to capitalize on gains beyond the 0.5800 mark.
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United States Dollar Index falls to near 101.00 after US-Iran strike halt
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after posting minor losses in the previous trading day, trading around 101.20 during the Asian se…
India Gold price today: Gold rises, according to FXStreet data
The price for Gold stood at 12,658.26 Indian Rupees (INR) per gram, up compared with the INR 12,543.37 it cost on Friday.
WTI remains heavily offered near $84.00 amid hopes for de-escalation in US-Iran conflict
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – opens with a bearish gap at the start of a new at the start of a new week and retreats further from its highest level since June 8, around the $92.25 zo…
PBOC sets USD/CNY reference rate at 6.7911 vs. 6.7939 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7911 compared to Friday's fix of 6.7939.
UniCredit CEO says deal with Commerzbank likely as talks resume
FRANKFURT/MILAN, July 8 (Reuters) – One of Europe’s most cantankerous banking battles in decades is becoming more a question of how and when, not if, UniCredit secures its prize, after it disclosed it was nearing contro…
BofA lifts cybersecurity stock targets to reflect long-term growth outlook
It's not about the iPhone 17 this time — Bank of America Securities has confidence that new products will power growth through the end of the decade, and has dramatically hiked their Apple stock target.
Flavio Bolsonaro launches Brazil presidential campaign, touts support from Milei, Netanyahu
SAO PAULO, July 25 (Reuters) – Brazilian Senator Flavio Bolsonaro, eldest son of former president Jair Bolsonaro, on Saturday formally launched his bid to challenge President Luiz Inacio Lula da Silva in October’s elect…
Kuwait’s KPC signs $16 billion lease and leaseback deal for oil pipeline network
Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR
Michigan battles massive outbreak as state reels from Trump cuts
Rihanna took centre stage on Sunday at the Super Bowl 2023 halftime show. The highly anticipated concert was the singer's first performance in seven years.
Samsung Elec, SK Group seal $950 billion deals as South Korea hosts AI powers
NVIDIA Corporation operates as a data center scale AI infrastructure company in the United States, Taiwan, China, Hong Kong, Europe, and internationally. It operates through Compute & Networking, and Graphics segments. …
Trump says US to launch EU probe over ’illegal’ Google fine
President Donald Trump says Friday that the United States will open a formal investigation into the European Union's trade practices, claiming the bloc has unfairly levied billions of dollars of fines against Google, Ap…
Forecasting the upcoming week: Fed, BoE and BoJ decisions take center stage
The upcoming week will be dominated by monetary policy decisions from the Federal Reserve (Fed), Bank of England (BoE) and Bank of Japan (BoJ). United States (US) Gross Domestic Product (GDP) and Personal Consumption Ex…
South Korean Won: Strong GDP and inflows support Won – Commerzbank
Commerzbank reports that South Korea’s advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The…
NZD/USD Price Forecast: Kiwi tests 0.5800 as bullish momentum fades
The New Zealand Dollar gains over 0.30% against the US Dollar on Friday. The pair is poised to test key resistance levels with the 50-day Simple Moving Average (SMA) at 0.5793, slightly below the 0.5800 figure. At the t…
Silver Price Forecast: XAG/USD consolidates as bulls struggle to clear the 21-day SMA
Silver (XAG/USD) edges higher on Friday as a pullback in Oil prices pushes US Treasury yields lower, while the US Dollar (USD) fluctuates near recent highs. At the time of writing, XAG/USD trades around $58.60, up 2.40%…
Thai Baht: Oil shock and dovish BoT keep THB pressured against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that the Thai Baht (THB) is trading near its weakest level in more than a year against the US Dollar (USD), as volatile oil prices, a firmer USD and higher US yields weigh …
Indonesian Rupiah: BI pause seen as hawkish hold – UOB
UOB Global Economics & Markets Research notes that Bank Indonesia kept its policy rate at 5.75%, opting to let earlier tightening filter through. Despite the pause, the team still expects three further hikes totalling 7…
Malaysia: Solid fundamentals support Ringgit and bonds – DBS
DBS Group Research economist Chua Han Teng argues that Malaysia’s financial markets reflect confidence in the country’s solid domestic fundamentals despite lingering Middle East geopolitical risks. The Malaysian Ringgit…
Gold gains despite firm US Dollar
Gold price (XAU/USD) drifts higher on Friday as the Greenback stands firm, even as growing speculation that the US-Iran war may last longer than expected could, in the end, hurt the prospects of the yellow metal. The XA…
Singapore Dollar: Hawkish MAS stance supports SGD – MUFG
MUFG’s Lloyd Chan expects MAS to keep policy unchanged at the July meeting while maintaining a tightening bias, distinguishing between energy-driven and domestically generated inflation. Strong Singapore growth and a po…
British Pound: Strong PMIs and retail rebound in focus – TD Securities
TD Securities notes that the UK Composite PMI climbed back into expansion at 52.1 in July, led by Manufacturing strength and a Services PMI recovery to 51.8. Input cost inflation eased and business confidence hit its hi…
Vir Biotechnology stock falls as CFO O’Byrne departs
Vir Biotechnology, Inc. (Nasdaq: VIR) today announced that Brent Sabatini, Senior Vice President and Chief Accounting Officer, has been appointed Interim Principal Financial Officer, effective July 23. Jason O’Byrne is …
Euro falls even amid strong Eurozone PMIs
EUR/USD trades lower near the 1.1370 area on Friday, struggling despite stronger-than-expected Eurozone business-activity figures. The US Dollar Index (DXY) remains firmer near 101.50, offering limited support to the pa…