June ADP employment growth missed estimates at 98K, easing USD pressure and lifting the GBP/USD pair despite Fed hawkishness. The British Pound gained 0.14% against the US Dollar, trading at 1.3277 after dipping to 1.3219 earlier. The move followed softer-than-expected US
The Australian dollar weakens as US economic indicators show expansion in manufacturing but softer private payrolls growth. AUD/USD fell to 0.6900 on Wednesday, reflecting cautious trading as investors assessed mixed US economic data. The pair declined amid a stronger US d
Silver rebounds above $60 as softer US data, Warsh remarks weigh on the US Dollar Silver (XAG/USD) rebounds on Wednesday and trades around $60.35, up 3.19% at the time of writing. The white metal is supported by a weaker US Dollar (USD) following softer-than-expected US ec
Silver (XAG/USD) rebounds on Wednesday and trades around $60.35, up 3.19% at the time of writing. The white metal is supported by a weaker US Dollar (USD) following softer-than-expected US economic data and comments from Federal Reserve (Fed) Chair Kevin Warsh Speak
DBS' Senior Economist Radhika Rao with data support from Daisy Sharma, highlights that India’s real Gross Domestic Product (GDP) grew 7.8% year-on-year in 1Q26, slightly below the revised 8.0% in 3QFY26. The Nowcast model points to softer momentum ahead, with growth seen e
National Bank of Canada's (NBC) Kyle Dahms notes that the Canadian economy began Q2 on a stronger-than-expected footing, with real Gross Domestic Product (GDP) boosted by energy, manufacturing and construction. He highlights that energy strength and inventory rebuilding sh
MGX's Fund I surpasses its goal, becoming one of the largest AI-focused investment vehicles globally with broad international backing. Abu Dhabi-based investment firm MGX closed its inaugural fund at $49 billion, exceeding its $45 billion target. The fund attracted capital
Eurozone: Price pressures keep ECB on alert – Commerzbank Commerzbank’s Dr. Ralph Solveen notes that Eurozone inflation fell to 2.8% in June, mainly on lower energy prices, while core inflation eased to 2.4% The bank expects overall inflation to stay close to 3% in
The $700bn asset manager seeks to expand Global Atlantic’s footprint through insurer tie-ups in the UK and Europe. KKR is in discussions with insurers across Europe to broaden its presence in the pension risk transfer market. The firm, which oversees $700bn in assets, is e
USD/CHF trims gains on Wednesday as remarks from Federal Reserve (Fed) Chair Kevin Warsh weigh modestly on the US Dollar (USD). However, expectations for a Fed rate hike and a lack of clarity surrounding US-Iran negotiations keep the Greenback's downside contained A
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