Iran strikes US bases in Jordan, Kuwait, and Bahrain Iran's Revolutionary Guards have claimed responsibility for strikes on US bases in Jordan, Kuwait, and Bahrain, signaling a significant escalation in the conflict. The strikes, which reportedly hit 21 targets inc
Rising crude prices support the CAD amid Middle East tensions, offsetting USD strength driven by geopolitical risk aversion. USD/CAD traded around 1.3950 in Asian hours Wednesday, paring earlier gains as higher oil prices bolstered the commodity-linked Canadian Dollar. Can
Oil prices rise 1% in Asian trade as Iran targets a key US naval hub, escalating Gulf tensions and shipping security risks. Iran launched drone strikes on the US Fifth Fleet base in Bahrain following American precision strikes on Iranian air defense systems near the Strait
Geopolitical risks and upcoming US CPI data weigh on the pair, keeping the pound near a three-week low against the dollar. The GBP/USD pair remains subdued near 1.3365-1.3370 in early Asian trading, failing to extend recent recovery gains. Fresh US military strikes against
NZD/USD holds around 0.7030 The New Zealand Dollar is holding steady against the US Dollar. The NZD/USD pair is currently trading around 0.7030. The pair's stability comes ahead of the US May Consumer Price Index inflation report.
China’s annual consumer inflation undershot expectations in May, signaling weak domestic demand and potential policy implications for trading partners. China’s Consumer Price Index increased 1.2% year-over-year in May, unchanged from April’s print, the National Bureau of S
May CPI rose 1.2% year-over-year, below the 1.3% estimate, as deflationary pressures persist in key sectors. China’s consumer price index increased 1.2% year-over-year in May, falling short of the 1.3% consensus forecast. Month-over-month, prices declined 0.1%, slightly be
WTI oil price stabilizes around $87.40 per barrel WTI oil price experiences volatility after registering over 2.5% losses in the previous day. The conflict in the Middle East has renewed severe supply anxieties, causing crude oil prices to advance. Industry
PBOC sets the daily reference rate at 6.8130, slightly firmer than Tuesday’s 6.8147 but weaker than Reuters’ 6.7749 estimate. The People’s Bank of China set Wednesday’s USD/CNY reference rate at 6.8130, a 17-pip strengthening from the previous session’s 6.8147 fix. The mov
PBOC sets USD/CNY reference rate above Reuters estimate, signaling potential easing amid market pressures. The People’s Bank of China set the daily USD/CNY reference rate at 6.8130, weaker than the 6.7749 estimate from Reuters. The move allows the yuan to trade within a 2%
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