Stable despite widening trade deficit – Commerzbank

Stable despite widening trade deficit – Commerzbank

Commerzbank analysts note that Vietnam’s July inflation eased to 4.5% year-on-year, keeping the average near the 4.5% target, while the trade deficit widened to USD 3.6 billion on strong import growth driven by energy and capital goods. Despite external headwinds and future CBAM-related risks for steel exports, USD/VND has stayed stable around 26,277, with VND […]

Gold shines and rises on Iran’s deal hopes, lower US yields

Gold shines and rises on Iran’s deal hopes, lower US yields

Gold (XAU/USD) advances some 0.75% on Tuesday as Oil prices fall, along with US Treasury yields. Also, an improvement in risk appetite propelled the yellow metal to a two-day peak of $4,106. XAU/USD advances as Hormuz reopening hopes weigh in Oil, ease inflation pressures The US Dollar Index (DXY), which tracks the buck’s value against […]

Japanese Yen stalls amid soft JOLTS data

Japanese Yen stalls amid soft JOLTS data

USD/JPY trades on the back foot near the 157.40 area during Tuesday’s American session as the Japanese Yen (JPY) builds on the gains secured over the past week. Softer United States (US) labor demand data has taken the edge off the US Dollar (USD), while lower energy prices offer an additional tailwind to the currency […]