XAG/USD declines for the session, extending year-to-date losses to 8.61% amid a rising Gold/Silver ratio. Silver prices fell 1.25% to $64.97 per troy ounce on Tuesday, down from $65.79 the previous day. The decline extends the metal’s year-to-date loss to 8.61%, reflecting
The penalty marks the EU's inaugural public MiCA fine, targeting procedural breaches ahead of the rulebook's full implementation. Austria’s Financial Market Authority imposed a €70,000 ($82,000) fine on crypto exchange Bitpanda for violating the EU’s Markets in Crypto-Asse
Austrian regulators have fined crypto exchange Bitpanda 70,000 euros, roughly $82,000, in what stands as the first publicly disclosed enforcement penalty under the European Union's landmark crypto rulebook. Austria's Financial Market Authority, known as the FMA, said the s
The AI infrastructure firm's latest funding round brings total recent capital raised to $1bn, targeting data center expansion. AI infrastructure company Groq has raised $350m in a Series A round, valuing the firm at $3.5bn. The funding was led by Disruptive, with Nvidia se
German economic sentiment declines, weighing on the Euro and pushing EUR/CAD to 1.1570 after a three-day rally. The Euro retreated against the Canadian Dollar, trading at 1.1570 in European hours after German ZEW Survey data dampened sentiment. The pair erased gains from t
German ZEW Survey improves but fails to lift the Euro, which weakens against the Canadian Dollar amid mixed economic signals. EUR/CAD dips to 1.1570 in European trading, reversing three days of gains after German ZEW Survey data disappoints. The Current Situation index ros
Structural changes in China’s economy reduce loan demand despite stable GDP growth and reflation, analysts say. China’s loan growth has decelerated sharply, even as real GDP remains stable and inflation pressures ease. The slowdown spans housing-related lending and other s
UK employment figures disappoint, weighing on the British Pound as it dips 0.1% against the US Dollar in early trading. The British Pound fell 0.1% to 1.3530 against the US Dollar in European trading on Tuesday, pressured by softer-than-expected UK employment data for the
The British Pound (GBP) is down 0.1% to near 1.3530 against the US Dollar (USD) during the European trading session on Tuesday. The British currency comes under pressure after the release of the United Kingdom (UK) employment data for three months ending June UK lab
The commodity-linked CAD strengthens for a fourth day amid rising crude oil prices, pressuring the USD/CAD pair. The USD/CAD pair declined to 1.3870 during European trading on Tuesday, marking its fourth consecutive day of losses. The Canadian Dollar gained support from fi
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