Finance
PBOC sets USD/CNY reference rate at 6.7892 vs. 6.7899 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7892 compared to the previous day's fix of 6.7899.
Finance
Finance
$4,100: Gold fails near a key hurdle as Mideast tensions and Fed hike bets support USD
Gold (XAU/USD) attracts buyers for the second straight day, though it remains confined within the previous day's range and trades below the $4,100 mark during the Asian session on Thursday. The US Dollar (USD) gains som…
Finance
Canadian Dollar consolidates as Mideast crisis supports oil and USD ahead of US data
The USD/CAD pair is seen consolidating below mid-1.4000s during the Asian session on Thursday, though it remains close to an over one-week trough touched the previous day. However, a mixed fundamental backdrop warrants …
Finance
WTI falls below $83.00 despite hostilities in the Middle East
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.
Finance
British Pound retreats from weekly high vs firmer USD as focus shifts to BoE, US data
The GBP/USD pair struggles to capitalize on the previous day's strong move up to the weekly high and drifts lower during the Asian session on Thursday. Spot prices currently trade around mid-1.3300s, down over 0.10% for…
Finance
AUD/USD Price Forecast: Struggles near 0.6950 as bears retain control below 100-EMA on H4
The AUD/USD pair turns lower following a modest Asian session uptick to the 0.6965 region on Thursday amid the emergence of some US Dollar (USD) dip-buying. Spot prices, however, hold above an over two-week low, touched…
Finance
United States Dollar Index regains ground on further escalation in Middle East war
The US Dollar (USD) trades slightly positive in the Asian session on Thursday after a juggernaut fall the previous day. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major curr…
Finance
Australian Dollar weakens against Japanese Yen as chances of RBA rate hikes fall
The AUD/JPY cross declines to around 113.65 during the early European session on Thursday. The pair currently trades 0.65% lower on the week as the likelihood of the Reserve Bank of Australia (RBA) raising interest rate…
Finance
Euro edges lower to near 1.1450 as Fed holds rates steady, traders await Eurozone and German GDP
The EUR/USD pair trades with mild losses around 1.1465 during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Euro (EUR) on a hawkish Federal Reserve (Fed) rate hold. Traders brace for …
Finance
India Gold price today: Gold falls, according to FXStreet data
The price for Gold stood at 12,458.01 Indian Rupees (INR) per gram, down compared with the INR 12,504.69 it cost on Wednesday.
Finance
Yemen's Houthis reportedly considering fees for ships sailing through Red Sea
Yemen’s Iran-backed Houthi rebels are considering imposing fees on commercial ships sailing through the southern Red Sea, Reuters reported on Wednesday. This development came a week after the Houthi declared a naval blo…
Finance
New Zealand Dollar rises as ANZ Business Outlook Index jumps in July
NZD/USD extends its gains for the third consecutive day, trading around 0.5810 during the Asian hours on Thursday. The currency pair climbs higher as the New Zealand Dollar (NZD) receives support from a sharp rise in do…
Finance
Why is Starbucks stock surging today?
Not in the "I need my venti triple-shot caramel macchiato to function" way, but in the "this is our road trip stop of choice" way. We've racked up enough points over the years to feel financially responsible about our h…
Finance
Forex Today: US Dollar tumbles after divided Fed hold, Oil surges on Middle East escalation
The US Dollar (USD) falls sharply during the American session on Wednesday after the Federal Reserve (Fed) left interest rates unchanged. The Federal Open Market Committee (FOMC) maintained the federal funds target rang…
Finance
Why is Chipotle Mexican Grill stock surging today?
Chipotle Mexican Grill (CMG) posted a surprise 0.5% rise in first-quarter comparable sales on April 29, beating analyst expectations for a 0.8% decline as the burrito chain’s menu refresh and value positioning held up a…
Finance
A Fed hold, a Warsh non-answer, and one day of cover for the Japanese Yen
The Federal Reserve (Fed) held its target range at 3.50% to 3.75% for a fifth consecutive meeting at 18:00 GMT, and the pair did what a market short the Yen against a 1.00% policy rate does when a hike it partly paid fo…
Finance
British Pound Sterling rents a rally it has to pay for in the morning
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase, and Sterling rallied through the 1.3300 shelf it lost las…
Finance
Silver holds firm as Dollar slides after split Fed decision
Silver price clings to gains on Wednesday late in the North American session, as the Federal Reserve held rates unchanged, which, instead of strengthening the Dollar, weakened it, while US Treasury yields spiked. The XA…
Finance
Dow Jones Industrial Average gets its rate relief and cannot hold it
The Federal Reserve (Fed) held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase. Equities got the outcome they wanted twice over, a …
Finance
The US Dollar Index discovers that a vote record is not a reaction function
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase. Previews had that configuration as the hawkish tail, the …
Finance
Dow Jones Industrial Average pulls back hours before the Fed's answer
The Dow Jones Industrial Average trades just above 51,800 on Wednesday afternoon, down roughly 900 points and 1.7% from Tuesday's close. The session high just above 52,800 printed before 09:00 GMT, and the tape has sold…
Finance
US Dollar: Hedging pressure builds on USD – BNY
BNY’s Geoff Yu notes that USD exposure is elevated across global portfolios, with strong buying in both equities and bonds generating sizeable rebalancing signals. The bank recommends increasing FX hedges instead of sel…
Finance
No soft target: Warsh vows to return inflation to 2%
The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase. Chair Kevin Warsh reinforced that message, insi…
Finance
WTI remains muted after Fed hold
West Texas Intermediate (WTI) Oil stayed muted near $83 per barrel following the Federal Reserve's (Fed) decision to hold interest rates constant on Wednesday afternoon. The price consolidation comes after recovering sh…