Silver price rises 1.14% to near $57.80 Silver price trades higher to near $57.80 during the Asian trading session. The white metal gains despite oil prices rebounding strongly due to renewed US-Iran conflicts. The WTI Oil price is up 3.65% to near $81.20, snappi
Investors weigh a 30.5% chance of an immediate Fed rate hike amid elevated geopolitical tensions and inflation concerns. EUR/USD climbed to 1.1390 in Asian trading, extending gains for a second day as the US Dollar (USD) softened ahead of the Federal Reserve’s policy decis
USD/CAD pair consolidates around 1.4100 mark The USD/CAD pair is seen consolidating around the 1.4100 mark during the Asian session as traders await the outcome of a two-day FOMC policy meeting. The USD remains on the defensive below a one-month top, touched on Tues
Finance ministry announces internal review to stabilize markets after sharp declines in major stocks and indices. South Korea’s Kospi index fell 6% today, extending losses as semiconductor giant SK Hynix tumbled 10%. The decline followed an initially higher open, signaling
Traders remain cautious as the dollar index consolidates near 101.50, awaiting the Federal Reserve's policy update amid heightened Iran tensions. The U.S. Dollar Index (DXY) traded flat below 101.50 in early Asian trading, reflecting cautious sentiment ahead of the Federal
Geopolitical risks from Iran boost USD demand, offsetting caution ahead of the Fed’s policy decision later today. The US Dollar Index (DXY) remains steady below 101.50 in Asian trading, consolidating near a one-month high as investors await the Federal Reserve’s policy ann
Soft June CPI figures reduce bets on an RBA rate hike, pressuring the Australian Dollar against the Yen. The AUD/JPY pair fell to a one-week low near 113.60, extending losses after Australia’s June Consumer Price Index (CPI) rose 3.8% year-over-year, below May’s 4% and con
Softer-than-expected CPI figures reduce bets on further Reserve Bank of Australia rate hikes, weighing on the currency. The Australian Dollar extended losses against the USD, with AUD/USD dropping to 0.6970 in Asian trading on Wednesday. The decline marks a second consecut
June CPI rose 3.8% YoY, missing the 4% estimate and easing pressure on the Reserve Bank of Australia to hike rates further. AUD/USD extended losses to 0.6970 in Asian trading on Wednesday after Australia’s June Consumer Price Index rose 3.8% year-over-year, below the 4% co
The Japanese Yen steadies against the dollar despite rising oil prices, with USD/JPY trading lower after modest prior gains. The Japanese Yen held firm against the US dollar in Asian trading on Wednesday, with USD/JPY slipping to around 163.70 after minor gains the previou
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