Author: finadmin

Nearing seven-month highs at 0.8125 amid wide US Dollar strength

Nearing seven-month highs at 0.8125 amid wide US Dollar strength

The US Dollar (USD) extends its rally against the Swiss Franc (CHF) for the sixth consecutive day on Wednesday, as a tech rout in stock markets and the first cracks in the US-Iran peace deal have boosted demand for the safe-haven USD. The pair has broken the late November 2025 high at the 0.8100 area […]

Australia’s CPI inflation declines to 4.0% YoY in May vs. 4.4% expected

Australia’s CPI inflation declines to 4.0% YoY in May vs. 4.4% expected

Australia’s Consumer Price Index (CPI) rose by 4.0% year-over-year (YoY) in May, compared to a 4.2% increase reported in the previous reading, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wednesday. The market consensus was for 4.4% growth in the reported period.  The monthly Consumer Price Index came in at -0.7% in May, compared […]

British Pound falls amid UK political uncertainty and hot US PMI

British Pound falls amid UK political uncertainty and hot US PMI

The Pound Sterling (GBP) dives over 0.40% on Tuesday as risk appetite shifts sour, as the recently sworn-in MP Andy Burnham prepares to succeed Prime Minister Keir Starmer, who lasted two years at the job. At the time of writing, GBP/USD trades at 1.3195, after reaching a daily high of 1.3257. GBP/USD drops as UK […]