The British Pound stabilizes after a four-day rally as Middle East tensions bolster the USD, offsetting hawkish Bank of England tones. GBP/USD trades flat at 1.3470 in Asian hours, halting a four-day winning streak. The pair’s stability follows a firm US Dollar, driven by
Rising geopolitical risks in the Middle East bolster the USD, offsetting hawkish Bank of England signals and capping GBP gains. GBP/USD traded steady around 1.3470 in Asian hours Wednesday, halting a four-day rally as heightened Middle East tensions fueled demand for the U
Bitcoin's price drop accelerates shift to digital dollars Bitcoin has dropped about 12% over the past week to around $66,800. The crypto market is seeing a capital flight into dollar-linked stablecoins. Bitcoin's dominance rate has fallen to 58.5%, reversin
Q1 GDP rises 0.3% amid strong domestic demand Australia's economy expanded 0.3% in Q1 2026, below forecasts, as a surge in data centre and fuel imports dragged on growth. The country's annual growth held at 2.5%, despite strong domestic demand. Private busi
Weaker Australian GDP growth and heightened geopolitical tensions weigh on the Australian Dollar against the US Dollar. The AUD/USD pair fell to around 0.7180 in early Asian trading on Wednesday, extending losses below the 0.7200 mark. The decline follows weaker-than-expec
Silver prices drop to $74.70 per troy ounce as geopolitical risks weigh on investor sentiment. Silver (XAG/USD) retreated below $75.00, trading at $74.70 per troy ounce during Asian trading hours. The decline follows a modest rebound in the prior session, driven by fresh e
Geopolitical risks and Fed rate hike expectations push silver to $74.70, erasing prior gains amid inflation concerns. Silver (XAG/USD) fell to $74.70 per troy ounce in Asian trading, reversing modest gains from the previous session. Escalating Middle East hostilities, incl
Oil benchmarks surge over 1% after U.S. military action and Iranian missile launches heighten Middle East tensions. Brent crude futures climbed 1.09% to $97.05 a barrel in early Asian trade Wednesday, while WTI rose 1.19% to $94.88. The gains follow U.S. strikes on an oil
May’s stronger-than-expected services activity in China signals improving domestic demand amid economic recovery efforts. China’s Services Purchasing Managers’ Index climbed to 54.4 in May from April’s 52.6, exceeding market expectations of 52.3. The rise indicates acceler
Australia’s Q1 2026 GDP growth slowed to 0.3%, below the 0.5% estimate, weakening RBA rate hike expectations. The Australian Dollar retreated against the Japanese Yen, trading below its September 1990 peak near 115.00 after Australia’s first-quarter GDP growth fell short o