The Australian Dollar may consolidate as traders adopt caution ahead of the US NFP release. President Trump described the call as productive, and negotiations on tariffs are set to continue. US Nonfarm Payrolls could have added 130,000 jobs in May, meanwhile, the Unemployment Rate is expected to hold steady at 4.2%. The Australian Dollar (AUD) […]
The Dow Jones is holding steady as markets await Friday’s NFP report. Despite an overall upbeat tone to equities, market sentiment remains hobbled. The US is heading into trade talks with China, which Trump staffers historically lack the patience for. The Dow Jones Industrial Average (DJIA) held steady on Thursday, chugging quietly near the previous
USD/MXN trades below 19.20 after testing a new YTD low at 19.16. US ADP Employment and ISM Services PMI data missed forecasts. Mexico responds to increased tariffs on steel and aluminum imports to the US. The Mexican Peso (MXN) is trading near a fresh year-to-date high against the US Dollar (USD) on Wednesday, which is
On Wednesday, the Bank of Canada (BoC) held its policy rate steady at 2.75%, aligning with the expectations of market analysts. BoC policy statement key highlights Uncertainty over US tariffs remains high; we will seek more information on US trade policy and its impacts. The BoC also cites unexpected firmness in recent inflation data and
The Australian Dollar offered its daily gains as the Greenback edged higher. Australia’s Gross Domestic Product expanded 0.2% QoQ in Q1, against the previous 0.6% growth. The US Dollar faced challenges as tariff uncertainty may hurt growth in the US economy. The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Wednesday after
The Japanese Yen attracts some intraday sellers amid a combination of negative factors. Calls for the BoJ to slow tapering beyond 2026 and a positive risk tone undermine the JPY. The divergent BoJ-Fed policy expectations should cap any meaningful upside for USD/JPY. The Japanese Yen (JPY) is looking to extend its retracement slide from a
XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.1% in April from 2.3% in March, the US Bureau of Economic Analysis reported on Friday. This reading came in below the market expectation of 2.2%. The core PCE Price Index, which excludes
Gold drops 0.27% after Fed cites tariff-driven inflation concerns; yields rebound, stalling bullion’s rally. Fed minutes highlight risks of persistent inflation and weakening job growth, prompting cautious rate stance. US bond yields rebound, lifting the Dollar and pressuring Gold below $3,300. Goldman Sachs urges increased Gold exposure amid rising geopolitical risks and central bank demand.
The Indian Rupee steadies in Tuesday’s Asian session. A weaker US Dollar and stronger Chinese Yuan could support the INR, but RBI rate cut bets might cap its upside. The US Conference Board’s Consumer Confidence report is due later on Tuesday. The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for
Gold price resides below $3,340 on Monday, and takes back some of Friday’s gains. Markets rejoice and head into risk-on tone after Trump announced a delay on EU tariffs until July 9. US debt concerns are in the background but remain lingering, capping the downside for the precious metal. Gold (XAU/USD) price slips on Monday
EUR/USD dips to 1.1296 after Trump announces steep tariffs on EU imports starting June 1. The pair rebounds to 1.1350 as US Dollar stays pressured by rising fiscal deficit concerns. Euro shrugs off ECB rate cut talk, supported by improving German GDP figures. EUR/USD recovered during the mid-North American session on Friday after diving below
The US Dollar Index sees the previous day’s relief rally pared back in full on Friday. Trump hints to tariffs for EU and starts to target domestic companies as well, with Apple’s Iphone facing 25% tariff. The US Dollar Index extends losses and is on its way to test a fresh two-week low near 99.14.
The Japanese Yen attracted some dip-buyers following upbeat domestic data. BoJ rate hike bets and reviving safe-haven demand also lend support to the JPY. The prevalent USD selling bias further exerts downward pressure on USD/JPY. The Japanese Yen (JPY) retains its positive bias through the Asian session and trades near a two-week high touched against
The Australian Dollar falls as the Reserve Bank of Australia implements 25 basis point rate cut. The People’s Bank of China cut its one-year Loan Prime Rate to 3.00% from 3.10% on Tuesday. The US Dollar weakened following Moody’s downgrade of the US credit rating from Aaa to Aa1. The Australian Dollar (AUD) dips against
The Mexican Peso gains ground against the US Dollar as Moody’s downgrade of US sovereign debt weighs on the Greenback. The Federal Reserve is set to review the discount rate on Monday, potentially influencing short-term funding conditions. USD/MXN trades cautiously below the key psychological resistance at 19.50, reflecting broader Dollar weakness. The Mexican Peso (MXN)
