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Yen Weakens as USD/JPY Nears 162 on Intervention Watch

June 29, 2026 6:34 am
Key Moments USD/JPY trades around 161.80 in Monday’s Asian session, close to the 162.00 psychological threshold. Market participants monitor potential Japanese government and BoJ intervention as Yen volatility persists. Investors focus on upcoming US June Nonfarm Payrolls and the BoJ’s July 30-31 policy meeting for guidance on rate and FX dynamics. USD/JPY Holds Firm Near […] Read more

Loonie Steadies as Truce Hopes Weigh on USD, Oil

June 29, 2026 6:26 am
Key Moments USD/CAD trades in negative territory for a third straight session, hovering near 1.4190 during Asian hours on Monday. Reports of Washington and Tehran pausing attacks ahead of Doha talks pressure the US Dollar and crude oil prices. Fed expectations remain hawkish, with markets assigning a 59.7% probability to a September 2026 rate hike […] Read more

PBOC Lifts Yuan Fix as Daily Rate Edges Up Higher Again

June 29, 2026 6:05 am
Key Moments The People’s Bank of China set Monday’s USD/CNY central parity at 6.8175. The new fixing compared with the previous trading day’s rate of 6.8166. The official fixing differed from a Reuters estimate of 6.8041. Latest USD/CNY Central Parity Setting The People’s Bank of China (PBoC) set the central USD/CNY reference rate for Monday’s […] Read more

Altria Gains as FDA Targets Foreign Tobacco Loophole

June 26, 2026 2:30 pm
Key Moments Altria Group (NYSE:MO) shares increased 1% on Friday after the FDA unveiled a proposed rule targeting foreign tobacco manufacturers. The FDA proposal would subject overseas producers to establishment registration and product listing requirements that already apply to U.S. manufacturers. The rule is open for public comment until Sept. 14, 2026, through Regulations.gov. Market […] Read more

Silver Tries to Base as Inflation Eases Fed Hike Bets

June 26, 2026 1:08 pm
Key Moments Silver (XAG/USD) holds near $58.12 after US PCE data eased near-term Federal Reserve rate-hike expectations. Markets reduced the implied probability of a September Fed rate hike to 61%, from 70% a week earlier. XAG/USD trades well below the 100-day and 200-day SMAs, with RSI stuck in oversold territory and ADX above 30, signaling […] Read more

Indian Rupee Holds Ground as Bonds Rally on Dovish RBI

June 26, 2026 10:03 am
Key Moments The Indian Rupee traded broadly unchanged over the week but still outperformed regional currencies on the back of debt portfolio inflows. Indian government bonds rallied, with the 10-year yield moving back to 6.75% as RBI Governor Malhotra pushed back against expectations of tighter policy. The composite PMI slipped to 57.4 in June from […] Read more

Gold Finds Support as Yields Ease, Dollar Caps Gains

June 26, 2026 9:08 am
Key Moments Gold stabilized after briefly trading below the $4,000/oz level earlier in the week. Softer US inflation data helped push Treasury yields lower, providing support for precious metals. A stronger Dollar and scaled-back expectations for near-term Federal Reserve easing continued to pressure investor sentiment, leaving Silver under strain after a broader sector selloff. Gold […] Read more

Micron Pulls Back From Record High on Profit Taking Dip

June 26, 2026 8:45 am
Key Moments Micron Technology stock is down 4.7% in pre-market trade after touching an all-time high of $1,255 in the prior session. Fiscal Q3 2026 revenue came in at $41.46 billion with adjusted EPS of $25.11, both significantly above analyst expectations. SK Hynix is planning to raise up to $29.4 billion via a Nasdaq ADR […] Read more

Alibaba Hits 17-Month Low on Legal and AI Concerns

June 26, 2026 8:24 am
Key Moments Alibaba stock fell 4.8% on Friday to HK$90.4, after touching a 17-month low of HK$89.2. Anthropic formally alleged a large-scale AI distillation attack tied to operators linked to Alibaba’s Qwen AI lab. Alibaba filed a lawsuit against the U.S. Department of Defense to challenge its inclusion on the “Chinese Military Companies” list. Market […] Read more

Sterling Rises Toward 1.3200 on Politics and US Data FX

June 26, 2026 7:40 am
Key Moments GBP/USD trades with modest gains near 1.3200 in early European dealings on Friday as sterling firms against the dollar. Market attention centers on potential successors to UK Finance Minister Rachel Reeves under a possible Andy Burnham-led government. U.S. PCE inflation accelerated in May, while rate-hike probabilities for July and September eased, according to […] Read more