The pair trades near 0.7130 as Fed rate hike bets and geopolitical risks lift the USD, offsetting RBA tightening expectations. The AUD/USD pair remains under pressure in early European trading, hovering around 0.7130-0.7125 after touching a monthly low the previous day. A
A Republican-led bill blocking the Federal Reserve from creating a digital dollar advances as Senate approval remains pending. Republican lawmakers are pressing for a permanent ban on a U.S. central bank digital currency (CBDC) as the House-passed Anti-CBDC Surveillance St
Bitcoin trades near $77,000 after erasing May gains Bitcoin is currently trading near the $77,000 level, having erased all of its gains from May. The price is $76,997 with a 0.38% increase. The market cap is $2.65T with BTC dominance at 58.2%. Ethereum is trading at
Markets test Japanese authorities' tolerance for yen depreciation, with 160.0 seen as a critical level for potential intervention. The Japanese yen (JPY) continues to weaken against the US dollar (USD), even during softer USD sessions, signaling fading confidence in interv
State fuel traders increase retail prices by $0.0093 per litre, marking the second hike in a week due to surging crude oil costs. India’s state-owned fuel traders increased retail prices by $0.0093 per litre, the second adjustment in less than a week. The move aims to offs
The departures follow a $50M ETH unstaking and broader leadership changes aimed at revamping the blockchain’s roadmap. The Ethereum Foundation announced the exit of two more senior leaders, Tim Beiko and Barnabé Monnot, from its Protocol Cluster team. Alex Stokes, the team
Global fund managers increase equity allocations to record levels Fund managers have increased their equity allocations to a record high, with only 4% expecting a hard landing. The Bank of America Global Fund Manager Survey polls around 200 to 400 institutional fun
UK unemployment rose to 5% in March, exceeding forecasts, while jobless claims surged to 26.5K, pressuring the GBP. The British Pound (GBP) retreated to session lows near 1.3400 against the US Dollar (USD) after UK unemployment data showed a sharper-than-expected deteriora
Iran’s latest offer to the US includes lifting sanctions, ending the naval blockade, and withdrawing forces near its borders. Iran has reaffirmed its latest proposal to the US, demanding the lifting of sanctions, an end to the naval blockade, and the release of frozen fund
Tehran’s latest proposal to Washington includes lifting sanctions, unfreezing assets, and ending the US blockade as key conditions. Iran has submitted a new proposal to the US, demanding the lifting of sanctions, release of frozen funds, and an end to the US blockade. The
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