US Dollar Index rises near 99.50 The US Dollar Index trades with a firmer tone near the 99.50 price region. A stronger-than-expected United States ISM Services Purchasing Managers Index rose to 54.5 in May from 53.6 in April. This highlights the resilience
Inflation to exceed target range of 2.0-4.0% Philippines inflation is expected to climb further above the target range. The increase is driven by food, fuel, and currency weakness. Some easing in sequential pressures is expected due to lower fuel prices and
Six states challenge the federal government’s decision to pay TotalEnergies $1 billion to terminate offshore wind leases. Six states filed a lawsuit against the Trump administration over its decision to cancel offshore wind leases and pay TotalEnergies nearly $1 billion to
Crude prices surged 2.41% as technical breakouts reinforced bullish sentiment and key resistance levels held firm. Crude oil futures closed at $96.02, rising $2.26 or 2.41%, as buyers dominated the session. Prices fluctuated between $93.45 and $97.00 but maintained an upwa
Defend Developers PAC launches with a six-figure fundraising goal to support incumbents advocating for crypto developer safeguards ahead of elections. A new political action committee, Defend Developers PAC, has entered the crypto campaign-funding space, focusing on incumb
The Federal Reserve’s latest Beige Book reports modest economic expansion and elevated inflation across most districts. The Federal Reserve’s Beige Book indicated economic activity grew at a slight to moderate pace in ten of twelve districts, with one district reporting a
Charles Schwab analyst attributes Bitcoin’s decline to capital rotating into AI stocks, IPOs, and gold rather than institutional demand concerns. Bitcoin’s recent underperformance stems from a shift in investor momentum toward artificial intelligence stocks, IPOs, and gold
May inflation rose to 3.1% year-on-year, nearing Bank Indonesia’s upper target band, while April’s trade surplus shrank to $89m. Indonesia’s annual inflation climbed to 3.1% in May from 2.4% in April, driven by higher food and energy costs despite stable fuel prices. Volat
Iran reports no progress in US talks Iran's foreign minister stated that contact with the US has not been severed. The two sides are studying exchanged texts. Oil prices rose 10% this week due to the lack of progress in negotiations.
Bitcoin drops to lowest price since March Renewed military conflict in the Middle East pushed Brent crude to a 12-day high of $96 per barrel. The U.S. 10-year Treasury yield rose to 4.5%, signaling investor concern over near-term inflation. Bitcoin fell 2.4% to $