Gold price in India: Rates on May 18
Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 14,087.38 Indian Rupees (INR) per gram, broadly stable compared with the INR 14,087.50 it cost on Friday. The price for Gold was broadly steady at INR 164,312.50 per tola from INR 164,313.90 per tola […]
PBOC sets USD/CNY reference rate at 6.8435 vs. 6.8415 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8435 compared to Friday’s fix of 6.8415 and 6.8086 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote […]
Canadian Dollar falls despite increased Oil prices
The USD/CAD pair elevated near the 1.3760 level on Friday and remains supported by persistent inflation concerns and rising US Treasury yields following this week’s hotter-than-expected US inflation data. The latest US Consumer Price Index (CPI) report showed headline inflation accelerating to 3.8% YoY in April, while Producer Price Index (PPI) data released later in […]
Euro falls as hawkish Fed expectations boost the US Dollar, Treasury yields
The Euro (EUR) extends losses against the US Dollar (USD) on Friday, with EUR/USD slipping to near one-month lows as hawkish Federal Reserve (Fed) expectations boost the Greenback and US Treasury yields. At the time of writing, the pair is trading around 1.1626 and is poised to close the week in negative territory. Higher energy […]
Growth downgrades and softer outlook – Societe Generale
Societe Generale economists highlights that Eurozone 2026 GDP forecasts have been cut more than United States (US) projections in percentage terms, reinforcing United States (US) outperformance. While the European Central Bank (ECB) appears set on at least one rate hike, he suggests global central banks may rein in tightening as growth slows, with the bank’s […]
Leadership race shapes fiscal outlook – TD Securities
TD Securities’ James Rossiter and Julie Ioffe argue that Prime Minister Starmer is likely to be replaced by late September, with Labour’s leadership race centering on Burnham, Streeting, Rayner and Miliband. They expect Labour to shift left over time, with higher spending and taxes, possible defence-rule carve‑outs, but no early general election before at least […]
WTI Oil extends rally as Trump touts China demand, Hormuz risks linger
West Texas Intermediate (WTI) US Oil extends its rally on Friday, with the US benchmark trading around $100.90 at the time of writing, up 3.13% on the day and breaking above the $100 level to reach a fresh weekly high. Markets are reacting to comments from US President Donald Trump, who said that China agreed […]
Euro gains against British Pound amid rising UK leadership uncertainty
EUR/GBP climbs to near one-month highs on Friday as rising political uncertainty in the United Kingdom (UK) pressures the British Pound (GBP). At the time of writing, the cross is trading around 0.8726, on track for weekly gains. Sterling came under renewed pressure as speculation surrounding a possible leadership challenge to UK Prime Minister Keir […]
Rate hike expectations support Rupiah – ING
ING economists Deepali Bhargava, Lynn Song and Min Joo Kang expect Bank Indonesia (BI) to shift toward a tighter stance at its upcoming meeting. They highlight recent Indonesian Rupiah weakness, ongoing FX intervention and wider rate differentials versus the United States. With currency stability still the main priority, they anticipate a 25 basis point policy […]
US Dollar Index climbs to five-week high as hawkish Fed bets gather pace
The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, extends its rally on Friday, climbing to its highest level since April 8 as investors continue to favor the US Dollar (USD) amid hawkish Federal Reserve (Fed) expectations and persistent geopolitical uncertainty surrounding US-Iran negotiations. At the time of […]
