News
The new Fed Chairman faces a difficult balancing act between rising oil prices and accelerating inflation
9+ hour, 35+ min ago (1671+ words) The US Federal Reserve is preparing to enter a new phase after former governor Kevin Warsh secured a narrow and deeply divisive Senate confirmation vote of 54 to 45, succeeding Jerome Powell as chairman of the central bank. Warsh is considered a…...
Gold deepens losses to two-month trough on mounting US-Iran tensions
17+ hour, 1+ min ago (1648+ words) Gold prices declined in European trading on Monday, extending losses for a fifth consecutive session and hitting their lowest levels in nearly two months, pressured by escalating tensions between the United States and Iran, alongside rising US dollar and global…...
Silver skids to two-week trough on Middle East tensions
15+ hour, 41+ min ago (1673+ words) Silver prices slipped to a two-week low in the European market on Monday, deepening losses for a third consecutive session, under pressure from rising dollar and oil prices in global markets, amid escalating geopolitical tensions between the United States and…...
Euro skids to six-week trough on mounting Middle East tensions
21+ hour, 53+ min ago (1654+ words) The euro weakened in European trading on Monday against a basket of global currencies, extending its losses for a sixth consecutive session against the US dollar and hitting its lowest level in six weeks, as investors continued buying the US…...
Euro expands losses to five-week trough against US dollar
3+ day, 22+ hour ago (1676+ words) This week also saw markets increase pricing for a potential European rate hike in June, while traders continue waiting for additional economic data from the eurozone to reassess those expectations. " EUR/USD today: The euro fell 0. 2% against the dollar to…...
Loonie extends losses for seventh consecutive session as the yield gap widens in favor of the US
4+ day, 8+ hour ago (1605+ words) The Canadian dollar fell for a seventh straight session against its US counterpart on Thursday, marking its longest daily losing streak since January, as the gap between Canadian and US bond yields continued to widen. The Canadian dollar weakened by…...
Gold under pressure on renewed US inflationary pressures
4+ day, 16+ hour ago (1350+ words) Gold prices declined in European trading on Thursday, extending losses for the third consecutive session, under pressure from the continued strength of the US dollar in foreign exchange markets, especially as renewed inflationary pressures in the United States strongly reinforced…...
Dollar holds firm as expectations for US rate hikes rise and the Trump-Xi summit begins in Beijing
4+ day, 16+ hour ago (1425+ words) The US dollar remained strong on Thursday, supported by rising US Treasury yields, as investors increasingly priced in the possibility of Federal Reserve interest rate hikes later this year, while global markets focused on the two-day summit between US President…...
Yen deepens losses to two-week trough as Trump-Xi summit starts
4+ day, 22+ hour ago (1658+ words) " Japanese yen exchange rate today: The dollar rose against the yen by 0. 1% to (157. 99), the highest level since April 30, from today's opening price at (157. 85), and recorded a session low at (157. 69). " The yen ended Wednesday's trading down 0. 15% against the dollar, marking its…...
Dollar nears a one-week high amid rising Middle East tensions and stronger US inflation
5+ day, 15+ hour ago (1701+ words) The dollar traded near a one-week high on Wednesday as renewed uncertainty in the Middle East and stronger-than-expected US inflation data continued to support demand for the safe-haven currency, while investors closely monitored movements in the Japanese yen. The euro…...