Australian dollar momentum stalls at key resistance, with inflation expectations cooling and markets pricing out further RBA tightening. AUD/USD remains flat at 0.7000 for a fourth straight session, held down by the 50-day Exponential Moving Average. The pair’s recovery fr
The British pound falls 0.5% against the dollar, erasing recent gains amid political uncertainty following a change in UK leadership. GBP/USD declined 0.5% to trade just below 1.3500, marking its weakest session in a month. The move follows a failed attempt to break above
Sterling falls after weak UK GDP growth and industrial output, coupled with dovish BoE remarks, overshadow inflation concerns. GBP/USD retreated below 1.3500, erasing nearly half a percent as UK economic data underwhelmed. May’s GDP grew just 0.1% month-over-month, barely
The currency pair retreated from Wednesday’s high of 219.62 as the yen regained ground amid broader market adjustments. The GBP/JPY cross declined 0.34% to 218.80 on Thursday, paring gains after reaching an 18-year high of 219.62 the previous session. The pullback reflects
The currency pair retreated 0.34% to 218.80 as the yen regained ground following an 18-year high at 219.62. The GBP/JPY cross fell 0.34% to 218.80 on Thursday after reaching an 18-year high of 219.62 the prior day. The yen’s modest rebound triggered the pullback, though th
UOB analysts see further downside for USD/CNH, targeting 6.7600 as yuan strength persists intraday. The Chinese yuan is showing renewed strength against the US dollar, with USD/CNH downside momentum accelerating after the pair fell to 6.7653. Analysts highlight a near-term
The Bank of Korea raised rates for the first time in a year, signaling further tightening as growth and inflation exceed projections. The Bank of Korea (BoK) raised its policy rate by 25 basis points to 2.75%, ending a year-long pause. The move reflects concerns over real
RIV.PR.A announces a $0.375 per share dividend, yielding 6.65%, payable to shareholders of record August 3. RiverNorth Opportunities Fund Inc’s 6% Series A preferred shares (RIV.PR.A) will pay a $0.375 per share quarterly dividend. The payout equates to a forward yield of
RiverNorth/DoubleLine fund announces a $0.2969 per share dividend, reflecting a 6.83% forward yield for investors. RiverNorth/DoubleLine Strategic Opportunity Fund Inc’s Series B preferred shares (OPP.PR.B) declared a $0.2969 per share quarterly dividend. The payment yield
US Initial Jobless Claims dropped to 208K, below forecasts of 217K, bolstering the dollar amid resilient labor data. The US Dollar Index (DXY) advanced 0.3% to near 100.80 after US Initial Jobless Claims fell to 208K, undershooting expectations of 217K. The data signaled c
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