June 21, 2023 7:39 am
Key points NZD/USD with small gains after a two-day streak of declines Fed Chair Powell to begin testimony before Congress at 14:00 GMT New Zealand’s May trade balance report expected at 22:45 GMT NZD/USD looked set to snap a two-day streak of losses on Wednesday ahead of New Zealand’s trade figures for May and Federal […]
Read moreJune 20, 2023 12:42 pm
Key points Gold, US Dollar move within tight ranges on Tuesday Market players wait for Fed Chair Powell’s testimony for rate path clues China gold demand to remain strong amid economic uncertainties – analyst Spot Gold and the US Dollar were mostly little changed on Tuesday, as market players were eyeing Federal Reserve Chair Jerome […]
Read moreJune 20, 2023 9:45 am
Key points USD/JPY trades not far from fresh 30-week peak of 142.251 Rising rate differentials between Japan and other developed nations mount pressure on Yen Japan Forex policy will not change after US removes country from monitoring list USD/JPY traded in proximity to a fresh 30-week high registered earlier on Tuesday, after the Bank of […]
Read moreJune 20, 2023 7:40 am
Key points AUD/USD extends pullback from Friday’s 4-month peak RBA policy makers fret over upside inflation risks, June Minutes showed China disappoints with smaller LPR cut AUD/USD extended losses from the prior trading day on Tuesday, retreating almost 0.6%, after the Reserve Bank of Australia noted in its June policy meeting minutes that the decision […]
Read moreJune 19, 2023 12:45 pm
Key points WTI Crude with small gains, erasing losses earlier in the session China data suggests recovery remains shaky US oil and gas rig count drops for 7th straight week OPEC+ output cut deal supports market Futures on US West Texas Intermediate Crude Oil were last edging up on Monday, erasing earlier losses, as investors […]
Read moreJune 19, 2023 9:35 am
Key points GBP/USD trades in proximity to Friday’s 60-week peak UK CPI numbers for May, Bank of England’s policy meeting outcome in focus Dollar eyes Fed Chair Powell’s testimony GBP/USD was mostly steady on Monday, being not far from recent 60-week peak, as market players were expecting congressional testimonies by Fed Chair Jerome Powell later […]
Read moreJune 19, 2023 7:24 am
Key points USD/INR trades just above a five-week low Rupee tracks weakness in other Asian currencies Markets await key congressional testimonies by Fed Chair Jerome Powell for rate path clues USD/INR edged higher on Monday, with the rupee tracking a drop in other Asian currencies, while market players were on the lookout for clues regarding […]
Read moreJune 16, 2023 9:32 am
Key points EUR/USD trades in proximity to 1-month peak European Central Bank delivers 8th consecutive rate hike, deposit facility rate at 22-year high ECB flags more policy tightening to bring inflation back down to 2% target US Dollar Index gains restrained after soft US data string EUR/USD scaled a fresh one-month peak on Friday, after […]
Read moreJune 16, 2023 7:23 am
Key points USD/JPY trades within area near recent 29-week peak of 141.504 The Bank of Japan keeps short-term interest rate intact at -0.10%, maintains 0% cap on 10-year bond yields BoJ move in sharp contrast to ECB policy decision US Dollar gains limited after soft US economic data USD/JPY gained ground decisively on Friday, while […]
Read moreJune 15, 2023 10:18 am
Unilever said this week it had entered into an agreement to buy Yasso Holdings Inc – a premium frozen Greek yogurt brand in the US. However, the terms of the agreement remained undisclosed. The acquisition is aligned to the premiumization strategy of Unilever’s Ice Cream Business Group, it said. Established in Boston in 2009 by […]
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