Sterling gains as US inflation data fuels Fed rate hold expectations, while UK economic data looms this week. The British Pound climbed 0.14% to 1.3552 against the US Dollar on Monday, recovering from daily lows of 1.3524. Softer US inflation data last week weighed on Trea
As London/European traders head for the exits, the major European stock indices are closing mostly lower. France's CAC 40 and Spain's Ibex led the declines, while Italy's FTSE MIB managed to finish virtually unchanged The closing levels show: German DAX: -0.27% at 2
The DeFi lending protocol shifts strategy after assets locked dropped to $1.2 billion from a $12 billion peak in 2021. Compound Finance approved a $52 million budget and restructured its leadership to pivot toward institutional clients. The move follows a decline in total
The Japanese Yen weakens despite higher bond yields and Bank of Japan rate hike expectations, lifting USD/JPY from intraday lows. The USD/JPY pair rebounded to 159.25 on Monday after earlier selling pressure, as the Japanese Yen (JPY) failed to strengthen despite a softer
Japanese Yen fails to capitalize on rising bond yields and intervention as USD/JPY rebounds above 159 despite BoJ rate hike expectations. The Japanese Yen remains under pressure as USD/JPY recovers to 159.25, erasing earlier losses despite a weaker US Dollar. The pair had
XAG/USD rallies 2.47% as softer US economic data reduces expectations for a September Fed rate increase. Silver prices climbed to $66.30, marking a 2.47% gain, as the US Dollar weakened amid shifting Federal Reserve policy expectations. The metal rebounded from Friday’s lo
The Australian dollar rose 0.40% to its highest level in two months as broad US dollar declines drove the move. AUD/USD climbed to a 10-week high near 0.7100 on Monday, extending its recent recovery. The pair gained 0.40% for the day, supported almost entirely by a weaker
The Australian dollar rises 0.4% to 0.7115, fueled by softer US data reducing Fed rate hike bets for September. AUD/USD climbed to its highest level in 10 weeks, trading near 0.7115 and up 0.4% on the day. The move is driven by broad-based US dollar weakness, as recent US
Scotiabank strategists Shaun Osborne and Eric Theoret note British Pound (GBP) is underperforming core European peers but has still reached a three‑month high against the US Dollar (USD). They see markets as cautious ahead of a heavy United Kingdom (UK) data calendar inclu
Chinese industrial production growth slowed more than expected in July but remains relatively resilient compared with other domestic indicators. According to ING’s Lynn Song, Chinese industrial production growth slowed more than expected in July but remains relatively resi
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