Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Gold clings to intraday gains above $4,400 as bearish USD counters Fed hike bets
Gold (XAU/USD) maintains its bid tone above the $4,400 mark through the first half of the European session on Wednesday and, for now, seems to have snapped a three-day losing streak.
United States Dollar Index weakens despite rising inflation concerns, Fed rate hike bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the third consecutive day and trading around 98.80 during Asian hours on Wednesday.
Silver Price Forecast: XAG/USD rises to near $66.40 as US Dollar declines, US CPI in focus
Silver price (XAG/USD) is up almost 1% to near $66.40 during the Asian trading session on Wednesday. The white metal strengthens as the US Dollar remains under pressure despite expectations that the Federal Reserve (Fed) could raise interest rates at the policy meeting next week.
Japanese Yen gathers strength as BoJ hike bets ramp up
The USD/JPY pair loses momentum to around 153.55 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as Bank of Japan (BoJ) policymakers opened the door for a rate hike in September.
Canadian Dollar gains amid elevated oil prices, escalating US trade sanctions
USD/CAD remains subdued for the third successive day, trading around 1.3780 during the Asian hours on Wednesday. The currency pair loses ground as the commodity-linked Canadian Dollar (CAD) draws support from elevated oil prices, given Canada's position as one of the world's leading crude exporters.
New Zealand Dollar holds gains above 0.5850 after Chinese inflation data
The NZD/USD pair gathers strength to around 0.5855 during the early Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) following Chinese economic data. Traders will keep an eye on the US inflation data later this week.Â
Australian Dollar remains on the front foot vs weak USD after China's inflation data
The AUD/USD pair sticks to its positive bias through the Asian session on Wednesday and trades around the 0.7220-0.7225 area, just below its highest level since May 14, touched the previous day. Spot prices, meanwhile, moved little following the release of China's inflation figures.
Australian Dollar inches higher against Japanese Yen following China’s inflation data
AUD/JPY pares its daily losses following the release of key economic data from China, Australia's primary trading partner. However, the currency cross remains in negative territory and is trading around 111.00 during Asian hours on Wednesday.
0.8%: China’s CPI inflation rises in August
China’s Consumer Price Index (CPI) climbed 0.8% in August from a year ago after arriving at a rise of 0.5% in Juuly, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0.8% in the reported period.
China Consumer Price Index (MoM) registered at 0.4% above expectations (0.3%) in August
China Consumer Price Index (MoM) registered at 0.4% above expectations (0.3%) in August
China Producer Price Index (YoY) came in at 3.8%, above forecasts (3.7%) in August
China Producer Price Index (YoY) came in at 3.8%, above forecasts (3.7%) in August
China Consumer Price Index (YoY) meets expectations (0.8%) in August
China Consumer Price Index (YoY) meets expectations (0.8%) in August
US President Donald Trump bans Canadian autos, dairy and alcohol
US President Donald Trump is banning Canadian products, including alcohol, dairy and motor vehicles, as Canadian retaliatory tariffs on American goods come into force, BBC reported on Tuesday.