Brent crude falls 0.4% to $110.83 a barrel Oil prices eased in early trade after President Trump expressed optimism about a quick end to the Iran war. The decline was modest, with Brent crude falling 45 cents to $110.83 a barrel and WTI dropping 27 cents to $103.88
The British Pound weakens for a second day amid risk aversion, driving demand for the US Dollar as geopolitical tensions escalate. GBP/USD declined to 1.3390 during Asian trading on Wednesday, extending losses for a second consecutive session. The pair’s drop reflects broa
The provisional agreement reduces duties on US industrial goods and farm produce while maintaining 15% US tariffs on EU products. The European Union reached a provisional deal to cut tariffs on US goods, meeting a July 4 deadline set by former President Trump to avoid high
The Trump-affiliated company withdrew its filing as analysts cite rising competition and fee pressure in the Bitcoin ETF space. Truth Social has withdrawn its application for a spot Bitcoin ETF, according to market analysts. The move follows heightened competition in the s
Costco Wholesale shares surged to an all-time high of $1,096.50, up over 25% in 2026, fueling talk of a potential stock split. Costco Wholesale (COST) reached a new peak of $1,096.50 on Tuesday, extending its 2026 gains to more than 25%. The rally has intensified investor
PBOC sets daily USD/CNY reference rate The People's Bank of China has set the USD/CNY central rate for the trading session ahead at 6.8397. This is compared to the previous day's fix of 6.8375. The PBOC uses a range of monetary policy instruments to achieve its o
PBOC sets USD/CNY midpoint at 6.8397, weaker than the 6.8072 estimate, signaling potential yuan depreciation pressure. The People’s Bank of China set the daily USD/CNY reference rate at 6.8397, above the 6.8072 estimate from analysts. The yuan is permitted to trade within
The Australian Dollar falls against the US Dollar amid Middle East uncertainties and rising crude oil prices in early Asian trade. The AUD/USD pair declined to 0.7095 during early Asian trading on Wednesday, extending losses below the 0.7100 mark. Geopolitical risks in the
The Canadian dollar weakens as traders await U.S. Federal Reserve minutes, keeping the USD/CAD pair near its highest level since mid-April. The USD/CAD pair remains near a five-week high, trading just above 1.3700 in the Asian session on Wednesday. Dip-buyers stepped in, h
Geopolitical risks and higher oil prices drive the Australian Dollar lower against the US Dollar ahead of key employment data. The AUD/USD pair fell to 0.7095 in early Asian trading on Wednesday, pressured by escalating Middle East tensions and rising crude oil prices. The
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