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Spot Gold plumbs 7-week low on strong USD, high bond yields

May 20, 2026 7:57 am
Spot Gold hovered above a fresh 7-week low on Wednesday, weighed down by a firmer US Dollar and high Treasury yields. The US Dollar Index held close to a 6-week high. A firmer dollar makes dollar-priced Gold less appealing to international investors holding other currencies. The yield on benchmark ​10-year US Treasuries remained at a […] Read more

USD/SGD holds near 6-week high, FOMC minutes ahead

May 19, 2026 6:33 pm
The USD/SGD currency pair maintained ground near a 6-week high of 1.2836 on Tuesday, with the greenback remaining well bid. Despite a revival in optimism around a possible US-Iran peace agreement, investors remain cautious amid persistent disputes over Tehran’s nuclear program and issues surrounding the Strait of Hormuz. US President Donald Trump recently canceled a […] Read more

USD/MYR holds close to highs last seen on April 9th

May 19, 2026 2:41 pm
The USD/MYR currency pair held near a 5 1/2-week high of 3.9775 on Tuesday, with the greenback remaining well bid. Despite a revival in optimism around a possible US-Iran peace agreement, investors remain cautious amid persistent disputes over Tehran’s nuclear program and issues surrounding the Strait of Hormuz. US President Donald Trump recently canceled a […] Read more

AUD/MYR slides after hot Malaysia CPI data

May 19, 2026 12:57 pm
The Malaysian Ringgit gained over 0.5% against the Australian Dollar on Tuesday, after Malaysia’s annual inflation rate was reported at its highest level since October 2024 in April. At the same time, hawkish messaging from the Reserve Bank of Australia provided limited support to the Aussie. Annual headline inflation in Malaysia has accelerated to 1.9% […] Read more

EUR/NZD holds close to highs last seen on May 5th

May 18, 2026 12:35 pm
The EUR/NZD currency pair held in proximity to a 2-week high of 1.9935 on Monday, as the Euro received a boost from hawkish comments by European Central Bank officials. Over the weekend, ECB Governing Council member Yannis Stournaras said that a modest increase in interest rates could restrain inflation without harming the broader economy. And, […] Read more

EUR/GBP holds near 6-week high as ECB remarks boost Euro

May 18, 2026 10:56 am
The EUR/GBP currency pair held in proximity to a 6-week high of 0.8730 on Monday, as the Euro received a boost from hawkish comments by European Central Bank officials. Over the weekend, ECB Governing Council member Yannis Stournaras said that a modest increase in interest rates could restrain inflation without harming the broader economy. And, […] Read more

Gold off 1 1/2-month low on likely dip buying

May 18, 2026 9:27 am
Having dropped to an over 1 1/2-month low on Monday, Spot Gold steadied on likely dip buying. Mounting inflation fears led to a rout in the global bond market. The yield on benchmark 10-year US Treasuries went up to highs last seen in February 2025, pressuring non-yielding Gold. “The selloff in the longer end of […] Read more

USD/JPY settles below 2-week high, posts weekly gain

May 17, 2026 12:49 pm
The USD/JPY currency pair settled below Friday’s high of 158.84, its strongest level since April 30th, amid broad-based strength in the US Dollar, supported by signs of improving trade dynamics between the United States and China as well as solid expectations that the Federal Reserve will keep interest rates on hold through the year. US […] Read more

GBP/USD settles above 5-week low, posts weekly loss

May 17, 2026 8:37 am
The GBP/USD currency pair settled above Friday’s low of 1.3315, its weakest level since April 8th, amid broad-based strength in the US Dollar, supported by signs of improving trade dynamics between the United States and China as well as solid expectations that the Federal Reserve will keep interest rates on hold through the year. US […] Read more

GBP/JPY settles above 1-week low, posts weekly loss

May 16, 2026 11:03 am
The GBP/JPY currency pair settled above Friday’s low of 211.28, its weakest level since May 6th, as ongoing political instability in the United Kingdom continued to weigh on the Pound and remained a primary drag on the pair. Britain’s Health Minister Wes Streeting resigned from the government on Thursday, citing irreconcilable differences over the government’s […] Read more