Indian Rupee declines amid hawkish Fed bets, RBI pushes back rate hike fears
The Indian Rupee (INR) trades lower against the US Dollar (USD) on Wednesday, with the USD/INR pair rising to near 94.85. The pair gains as the US Dollar posts a fresh annual high amid firm expectations that the Federal Reserve (Fed) will deliver at least two interest rate hikes this year. At press time, the […]
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 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
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 […]
Heat and outages support prices – Commerzbank
Commerzbank analysts highlight that stronger heatwaves in Europe and Asia are likely to lift electricity demand and gas-fired power use, complicating European storage refilling. An explosion at Qatar’s LNG complex may delay a planned ramp-up to 80% of pre-war exports, keeping LNG supply tight for longer and potentially supporting higher gas prices through the summer. […]
Gold drops to two-week low, vulnerable on Fed hike bets and strong USD
Gold (XAU/USD) adds to its Asian session losses on Tuesday and drops to a nearly two-week low, around the $4,115 region in the last hour amid a bullish US Dollar (USD). Despite positive signals from US-Iran peace talks, widespread skepticism remains toward a final deal. This, along with the US Federal Reserve’s (Fed) hawkish tilt, […]
New Zealand softens to near 0.5700 despite US-Iran peace progress
The NZD/USD pair trades in negative territory for the fifth consecutive day around 0.5705 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) on a hawkish tone from the US Federal Reserve (Fed). Traders brace for the preliminary readings of the US S&P Global Purchasing Managers […]
Gold holds steady near $4,200 as US–Iran peace progress offset by Fed hawkish stance
Gold price (XAU/USD) trades on a flat note near $4,190 during the early Asian session on Tuesday. The precious metal steadies as traders continue to assess the developments surrounding the US-Iran peace deal. US Vice President JD Vance said on Monday that negotiations between the US and Iran have made “great progress” despite “threatening” and […]
Swiss Franc weakens vs Dollar, Euro as SNB gets relief
The Swiss Franc (CHF) loses ground against the US Dollar (USD) and the Euro (EUR) on Monday as risk appetite improves amid the start of US-Iran talks, which US Vice President JD Vance deemed positive. Also, a hawkish tilt by the Federal Reserve (Fed) and the Swiss National Bank (SNB), which is ready to weaken […]
Price pressures and policy hold – UOB
UOB economists Julia Goh and Loke Siew Ting note Malaysia’s May headline inflation rose to 2.0% year-on-year, the highest since July 2024, driven by Food, Housing, Utilities and Transport. Year-to-date inflation of 1.7% supports their full-year 2.0% forecast. They highlight supply-side shocks from the Middle East conflict and El Niño, but expect Bank Negara Malaysia […]
