Beijing accelerates stimulus measures after May retail sales fell 0.6%, the first decline since the pandemic. China announced a third tranche of 62.5 billion yuan in trade-in funds, aiming to bolster consumer spending after weak retail data. The move follows a 0.6% drop in
Kihara acknowledges yen weakness burdens households but avoids signaling intervention or citing specific levels. Japan’s chief cabinet secretary Yoshimasa Kihara stated the weak yen increases household costs while supporting corporate profits, marking a slight shift toward
NZD gains ground to near 0.5800 against USD The New Zealand Dollar has strengthened against the US Dollar, with the NZD/USD pair gaining traction to around 0.5790 during Asian trading hours. The gain is attributed to upbeat annual New Zealand Gross Domestic Product
New Zealand’s Q1 GDP growth of 1.5% YoY exceeds forecasts, lifting the NZD as a US-Iran deal boosts risk sentiment. The NZD/USD pair rose to 0.5790 in Asian trading, supported by stronger-than-expected New Zealand GDP data and easing geopolitical tensions. First-quarter GD
Grayscale Research estimates AAVE’s 2026 revenue at $60 million and projects a near-term fair value of $175 amid DeFi growth. Grayscale Research revised AAVE’s fair value estimate to $175 within a year, citing undervaluation at current levels. The firm pegged Aave’s 2026 r
The US Dollar Index slips after hitting an 11-week high of 100.57, trading around 100.30 in Asian hours. The US Dollar Index (DXY) pulled back from its 11-week high of 100.57 reached in the prior session, trading near 100.30 during early Asian trade. The retreat follows a
Bitcoin has likely bottomed out around $60,000 Coinbase CEO Brian Armstrong believes Bitcoin has likely bottomed out around the $60,000 mark. The short-term downturn was driven by risk capital shifting toward the AI sector and a cooling inflation outlook. A
Memory chip costs quadruple due to AI demand, forcing Apple to pass $270 price increase to iPhone Pro buyers, per estimates. Apple will increase iPhone prices as memory chip shortages driven by AI demand quadruple costs, CEO Tim Cook said. The move adds inflationary pressu
The Canadian Dollar gains as preliminary US-Iran diplomatic progress reduces demand for the US Dollar as a safe haven. USD/CAD fell to around 1.4100 in Asian trading Thursday, snapping a five-day rally. The decline follows reports of a preliminary US-Iran memorandum of und
The Australian Dollar climbs to 0.7025 as risk sentiment improves following a US-Iran agreement signed by Trump. The AUD/USD pair advanced to 0.7025 in early Asian trading on Thursday, extending gains above the 0.7000 level. The move follows the signing of a US-Iran deal,
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