Euro rises to 185.46 against the Yen The Euro has extended its rally against the Japanese Yen for the fourth consecutive day, reaching above 185.46. This surge comes despite Bank of Japan Governor Ueda's hawkish comments, which failed to draw support for the Yen.
XAG/USD falls to $75.10 as geopolitical risks in the Strait of Hormuz revive inflation concerns and hawkish central bank expectations. Silver (XAG/USD) extended losses for a second day, trading near $75.10 per troy ounce in early European trading. The decline follows renew
US Dollar Index holds near 99.19 as markets price 70% chance of a year-end Fed rate hike despite softening consumer outlook. The US Dollar Index (DXY) remained little changed at 99.19, with Treasury yields showing a slight bull-steepening bias. Markets continue to price a
Shares of the South Korean memory-chip maker jumped 11% as demand for AI infrastructure boosted its valuation to over $1 trillion. SK Hynix (HXSCL) shares surged as much as 11% on Wednesday, pushing the company’s market capitalization past $1 trillion. The rally was driven
A top crypto security firm executive advises exiting DeFi positions due to AI-driven vulnerability risks in smart contracts. OpenZeppelin co-founder Manuel Aráoz declared all decentralized finance (DeFi) platforms unsafe, citing AI coding agents that surpass human capabili
The refunds stem from successful claims filed via a new portal, marking a significant payout to importers. US Customs and Border Protection will process $20.6 billion in tariff refunds to importers who filed valid claims through its new web portal. The agency disclosed the
GBP/JPY cross attracts dip-buyers near 214.65-214.70 The British Pound remains close to its monthly peak against the Japanese Yen. The GBP/JPY cross had pulled back from the 214.65-214.70 region, but has since stuck to its modest intraday gains. The modest g
The index dropped 9 points in three months, the sharpest decline since 2022, amid falling expectations for finances and spending. French consumer confidence fell to 82 in May, its lowest level since March 2023, as economic uncertainty weighed on sentiment. The decline mark
The DXY Index’s 0.72 inverse correlation with Bitcoin reflects USD strength draining global liquidity and suppressing crypto risk appetite. The DXY Index, measuring the USD against six major currencies, shows a -0.72 inverse correlation with Bitcoin, signaling strong ties
Spot BTC ETF outflows accelerate, pushing Bitcoin lower even as global equities hit new highs amid market divergence. Bitcoin fell to $75,724, extending its decline as spot BTC ETF outflows continued, contrasting with global equities reaching record levels. The cryptocurre
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