AUD/USD trades up 0.50% on improving risk sentiment The Australian Dollar is climbing as hopes for an Iran deal lift market sentiment. The AUD/USD pair is trading around 0.7035, supported by a potential agreement to reopen the Strait of Hormuz. The improvement in ri
June factory orders fell short of expectations, signaling moderation in manufacturing activity amid high capital expenditures in chip production. US factory orders declined 0.3% in June, below the 0.2% increase economists had anticipated. The drop follows a revised 1.1% de
HSBC strategists note USD dip after FOMC meeting but expect longer-term strength due to US economic resilience and rate differentials. The Federal Reserve left its policy rate unchanged at 3.50-3.75% during its July meeting, aligning with economist expectations but disappo
The USDCHF has moved lower today after sellers successfully defended a key resistance zone yesterday between 0.8108 and 0.8120, an area reinforced by the falling 100-hour moving average (now at 0.81043, slightly lower than yesterday). The inability to break above those tec
Falling crude prices weigh on the Canadian Dollar after US-Iran deal hopes, pushing USD/CAD to 1.4068. USD/CAD reversed earlier losses to trade at 1.4068, a fresh weekly high, as Oil prices slumped on optimism over US-Iran negotiations. The Canadian Dollar, closely tied to
Tokyo avoids direct FX action to maintain IMF free-floating status while exploring USD liquidity options for future moves. Japanese authorities paused yen intervention overnight to preserve their International Monetary Fund free-floating exchange rate classification, limit
Belgian baker acquires remaining 20% stake in Banneton, strengthening its North American manufacturing and distribution network. Belgium-based Vandemoortele has acquired the remaining 20% stake in US bakery Banneton, securing full ownership of the company. Financial detail
Bank of America projects a 50% rise in AI-related capital spending by top cloud providers over the next three years. Bank of America revised its hyperscaler capital expenditure outlook, projecting spending to exceed $860 billion in 2026, an 80% year-over-year increase. The
Weak labor data may pressure the Reserve Bank of New Zealand to consider a rate hike as unemployment rises to cycle highs. New Zealand’s employment growth slowed to 0.1% quarter-on-quarter in Q2, falling short of population gains. The data suggests a cooling labor market,
New Zealand’s unemployment rate is expected to rise to 5.4% in Q2, matching RBNZ forecasts, but activity rebound may prompt a hike. New Zealand’s employment growth likely slowed to 0.1% quarter-on-quarter in Q2, failing to keep pace with population gains. The unemployment
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