May 22, 2025 11:54 am
Key Moments: The euro slid 0.26% against the greenback on Thursday. May witnessed the Eurozone’s Composite PMI dip to 49.5, exerting pressure on the EUR/USD. The Dollar Index rose 0.12% following news of Trump’s tax and spending bill being passed in the US House. Euro Tumbles After PMI Data Signals Economic Contraction The euro lost […]
Read moreMay 22, 2025 6:49 am
Key Moments: Bitcoin rallied to record-high figures above $111,000 on Thursday. The surge followed progress on the stable coin-focused GENIUS Act bill’s backing by the Trump administration. Institutional appetite grew, with Strategy purchasing $765 million in Bitcoin this week. Bitcoin Jumps Past Previous Peak Amid Legislative Tailwinds Bitcoin climbed beyond the $111,000 mark on Thursday. […]
Read moreMay 21, 2025 12:38 pm
Key Moments: EUR/USD surged by 0.4% on Wednesday. President Trump could not to gain Republican support for a new $3-$5 trillion tax-cut proposal. The euro rose following Trump’s commentary on a potential Russia-Ukraine ceasefire. EUR/USD Extends Rally as Dollar Faces Persistent Headwinds The euro climbed sharply against the US dollar on Wednesday, with the EUR/USD […]
Read moreMay 21, 2025 11:38 am
The AUD/NZD currency pair hovered above a fresh 1 1/2-week low of 1.0826 on Wednesday, after a widely anticipated 25 basis-point rate cut by the Reserve Bank of Australia, which was accompanied by concerns over domestic and global headwinds that could dampen the country’s economic outlook. The central bank said quarterly data indicated that inflationary […]
Read moreMay 21, 2025 7:46 am
Key Moments: The British pound advanced toward 1.35 on Wednesday. Annual inflation in the UK came in at 3.5%, exceeding expectations and curbing BoE rate cut likelihood. The US Dollar Index dropped below the 100 threshold as trade tensions between Washington and Beijing continued to pressure the greenback. Sterling Rallies After Inflation Surge The British […]
Read moreMay 21, 2025 7:06 am
Key Moments: The USD/JPY dropped 0.65% and below the 143.60 mark on Wednesday. Ongoing optimism for a US-Japan trade agreement and geopolitical concerns boosted safe-haven demand for the yen amid export growth decline. Bolstered expectations of Fed rate cuts and renewed US-China trade tensions weighed on the dollar. Yen Continues Climb as Policy Expectations Diverge […]
Read moreMay 20, 2025 2:00 pm
Key Moments: Tuesday witnessed Bitcoin reverse gains achieved earlier in the trading session that were fueled by momentum from a new congressional bill. The cryptocurrency failed to hold above $107,000 despite an attempted breakout. Senate’s GENIUS Act advanced with bipartisan support, moving closer to a full vote. Bitcoin’s Surge to $107,000 Halts Bitcoin gave up […]
Read moreMay 20, 2025 1:29 pm
Key Moments: Canada’s CPI rose 1.7% year-over-year in April compared to the 2.3% increase reported the previous month. Core CPI, excluding food and energy, climbed 2.5% YoY and 0.5% MoM The CAD appreciated 0.15% against the greenback following Tuesday’s CPI data publication. Inflation Eases as Energy Costs Drop Canada’s annual inflation rate cooled in April, […]
Read moreMay 20, 2025 12:51 pm
Key Moments: The rupee traded 0.2% weaker on Tuesday at 85.5210 per USD amid dollar bids from foreign banks India’s infrastructure output rose just 0.5% year-over-year in April, the slowest increase in eight months. Declines in the crude oil (down 2.8%) and refinery (down 4.5%) sectors dragged down overall output. Rupee Slips on Dollar Demand […]
Read moreMay 20, 2025 10:42 am
Key Moments: The euro advanced 0.14% to 1.1256 against the greenback on Tuesday, extending yesterday’s gains. Moody’s downgrade of the US credit rating continued to weigh on the dollar’s momentum. Markets remained cautious ahead of central bank commentary. Euro Gains for Second Consecutive Day The euro extended its upside move on Tuesday, climbing above the […]
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