The euro falls against the dollar amid rising bets on Federal Reserve rate increases and geopolitical tensions. The EUR/USD pair declined to 1.1380 in early Asian trading on Wednesday, extending losses as the US dollar strengthened. Investors priced in higher chances of Fe
Rising bets on a Fed rate increase lift the USD, pressuring the EUR as Middle East tensions add to risk aversion. The EUR/USD pair fell to 1.1380 in early Asian trading Wednesday, extending losses as markets price in a higher likelihood of a Fed rate hike. The CME FedWatch
PBOC to set daily USD/CNY rate at 6.7913 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
Bitzero Holdings signs a binding 15-year lease for 110 megawatts of power, addressing AI infrastructure demand amid rising energy needs. Bitzero Holdings Inc. (NASDAQ:AIBZ) signed a 15-year binding lease with OneQode for 110 megawatts of power at its Namsskogan facility. T
Majority of Bank of Japan policymakers deemed the June rate increase appropriate, citing a widening gap from the neutral rate. The Bank of Japan’s June meeting summary revealed broad support for its recent rate hike, with most board members describing the move as overdue.
Crude oil futures decline due to potential Middle East supply increase Crude oil futures settled lower in cautious trading, as investors considered the potential for increased supply out of the Middle East. The risk of U.S.-Iran negotiations running into obstacles
TD Securities forecasts May headline inflation at 4.2%, below consensus, reinforcing expectations for an RBA hold in August. Australian May headline inflation is forecast to slow to 4.2% year-on-year from April’s 4.6%, below the 4.3% consensus, according to a note from TD
The Australian Dollar fell sharply as investors sought safety in the US Dollar amid rising bets on higher US interest rates. The Australian Dollar dropped over 1.2% against the USD on Tuesday, trading at 0.6915 after retreating from daily highs. The decline followed a shif
Former Ethereum Foundation researchers unveil a nonprofit lab to address a projected $30 million annual funding gap for core development teams. A new nonprofit research lab, Ethlabs, launched Monday to fund Ethereum’s core development amid a projected $30 million annual sh
Deutsche Bank cuts Q4 gold base case to $4,800/oz The gold price may decline to $3,800 if the Fed pivots to hikes, requiring only three to four rate increases. The current pace of central bank buying cannot offset the weakness in investment demand. The S&P 500 re