ECB Governing Council member warns of potential intervention as core inflation data remains insufficient for policy decisions. European Central Bank policymaker François Villeroy de Galhau stated the ECB must prepare to address second-round inflation effects. The remarks h
XAU/USD falls for a second day as US inflation data fuels Fed rate hike expectations and geopolitical risks lift the dollar. Gold prices extended losses below $4,638 on Wednesday, failing to sustain an overnight rebound as the US dollar strengthened. The move followed stro
The pair remains range-bound near 0.7235 as traders await the U.S.-China summit amid mixed Fed rate hike signals. The AUD/USD pair trades with a slight negative bias near 0.7235, failing to extend its overnight rebound from the 0.7200 level. Investors are adopting a cautio
Traders remain cautious as the Swiss Franc stabilizes near 0.7805, awaiting US PPI figures and US-China trade discussions. The USD/CHF pair traded flat at 0.7805 during early European trading on Wednesday, reflecting market caution ahead of key US economic releases. Invest
India hikes import duty on gold and silver to 15% The Indian Rupee exhibits mild strength against the US Dollar. The USD/INR pair trades mildly lower to near 95.60. The increase in import duty on gold and silver to 15% from 6% supports the rupee.
The Indian government hiked import tariffs on gold and silver to curb bullion inflows and ease forex reserve pressure. The Indian Rupee (INR) strengthened slightly against the US Dollar (USD) on Wednesday, with the USD/INR pair dipping to near 83.60. The move follows India
Stronger USD demand follows higher US inflation data and stalled US-Iran talks, capping the pair near mid-1.1700s. The EUR/USD pair traded in a tight range below the mid-1.1700s during the Asian session, reflecting investor caution ahead of a US-China presidential meeting.
Lack of major FX option expiries and cautious sentiment around US-Iran tensions limit currency volatility as WTI crude holds above $100. Currency markets show muted movement as no significant FX option expiries materialize today, reducing potential catalysts. Traders remai
The currency pair remains stable as traders await US-China trade talks, with technical indicators suggesting sustained bullish momentum. The AUD/JPY cross traded near 114.10 in early European trading on Wednesday, reflecting cautious sentiment ahead of high-stakes US-China
Goldman Sachs forecasts sustained USD gains as elevated energy prices keep global yields high amid inflation concerns. Goldman Sachs expects broad dollar strength to persist as energy shocks maintain upward pressure on global yields. The bank cites rising inflation expecta