Energy shock to keep US yields elevated The energy price shock will keep US yields elevated, driving broad dollar strength across G10 currencies. The combination of rising inflation and resilient economic growth has already produced higher-for-longer US yields.
Geopolitical risks and stronger-than-expected US inflation data lift the dollar, dimming Fed rate cut expectations for 2024. The US Dollar Index steadied at 98.30 in Asian trading, consolidating two days of gains amid heightened Middle East tensions and robust inflation da
GBP/USD pair struggles to bounce from 1.3500 mark The GBP/USD pair is having trouble capitalizing on its previous day's late bounce from the 1.3500 psychological mark. This level represents a nearly two-week low for the currency pair. The pair is currently
Rising US inflation reinforces Fed rate hike bets, lifting the USD and pressuring GBP/USD below 1.3550 amid UK political turmoil. The GBP/USD pair remains under pressure near a two-week low, trading below 1.3550 during the Asian session as the USD consolidates gains. US in
The Australian Dollar climbs as the Reserve Bank of Australia maintains a hawkish tone ahead of key US producer inflation data. The AUD/USD pair advanced to 0.7240 during Asian trading on Wednesday, supported by a hawkish stance from the Reserve Bank of Australia. The cent
The Australian Dollar climbs as the RBA’s third consecutive rate hike this year contrasts with US inflation pressures ahead of PPI data. The AUD/USD pair climbed to near 0.7240 in Asian trading, supported by the Reserve Bank of Australia’s decision to raise interest rates
The medical device firm projects 21%-23% underlying growth for its RNS System while reporting $22.1M in Q1 2026 revenue. NeuroPace set a 2026 revenue outlook of $99M to $101M, targeting 21%-23% underlying growth for its RNS System. The company reported $22.1 million in tot
XAG/USD rises to $86.80 as solar, electronics, and automotive demand offsets geopolitical risks and inflation concerns. Silver prices climbed for a sixth consecutive session, reaching $86.80 per troy ounce in Asian trading on Wednesday. The rally is driven by strong indust
USD/CAD trades flat near 1.3695 amid US inflation concerns The USD/CAD pair is trading on a flat note near 1.3695 during early Asian hours. Traders are assessing the impact of hot US inflation data. The US April Producer Price Index report is expected to in
April US CPI rose 3.8% year-over-year, the highest since May 2023, reinforcing Fed rate-hike expectations and supporting the USD. The USD/CAD pair remains steady around 1.3695 in early Asian trading, as traders digest stronger-than-expected US inflation data. April’s Consu