US Dollar softens as oil and gold rally, ECB decision and Australian jobs loom

US Dollar softens as oil and gold rally, ECB decision and Australian jobs loom

The US Dollar trades slightly lower on Wednesday as markets remain cautious amid escalating tensions surrounding Iran and the Strait of Hormuz. The US Dollar Index (DXY) slips toward 101.10, helping the Euro recover modestly, while most other major currency pairs remain relatively stable. Risk sentiment remains fragile after US President Donald Trump warned that […]

XAG/USD struggles to build momentum above $60.00

XAG/USD struggles to build momentum above .00

Silver (XAG/USD) trades with modest gains on Wednesday, supported by a slight pullback in the US Dollar (USD). However, the metal lacks strong upside momentum as traders weigh energy-driven inflation risks and their impact on the Federal Reserve’s (Fed) interest-rate outlook. At the time of writing, XAG/USD trades around $59.90 after hitting a two-week high […]

Fiscal execution to support growth – Standard Chartered

Fiscal execution to support growth – Standard Chartered

Standard Chartered economists Carol Liao and Shuang Ding argue that China’s July Politburo meeting will prioritise implementation of existing fiscal plans over new stimulus. They expect fiscal execution to accelerate in H2 after a marked slowdown following front-loaded Q1 spending. Infrastructure investment is likely to rebound, with spending increasingly directed toward AI-related and green-transition projects […]