USD/CNY falls below 6.80 as China’s trade surplus surges to $84.82bn in April, bolstering the currency. The Chinese yuan strengthened to its highest level since February 2023, trading below 6.80 against the USD ahead of this week’s US-China summit. Analysts cite safe-haven
Buyers defended the 100-hour moving average at 0.5948, pushing NZDUSD toward resistance at Friday’s highs and a descending trendline. The NZDUSD pair reversed early losses during the Asian-Pacific session, bouncing from the 100-hour moving average at 0.5948 as buyers stepp
Dollar index rises 0.04% to $97.94 The U.S. dollar saw a slight increase as cautious sentiment prevailed due to ongoing geopolitical uncertainty and fluctuating risk appetite. The dollar index, which measures the greenback against a basket of major currencies, was las
XAU/USD stabilizes ahead of US inflation data, with geopolitical risks capping gains despite a softer USD. Gold prices remain steady around $4,717 after briefly touching $4,748, supported by a weaker US Dollar but constrained by rising Middle East tensions. Persistent US-I
The pair rebounds from Asia-Pacific losses as traders bet policy shifts may bolster the UK economy amid election uncertainty. GBP/USD recovered from early Asia-Pacific session declines, climbing toward the 1.3657 level last seen in early May. Buyers stepped in after initia
The British pound stabilizes slightly after local election losses raise doubts over Prime Minister Keir Starmer’s leadership and pressure UK government bonds. The British pound remains nearly flat at 1.3625 against the US dollar, down just 0.06% amid growing political unce
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the Dollar (USD), struggling against resistance in the upper 1.17s as softer European Central Bank (ECB) expectations weigh, partly offset by better risk sentiment. They f
Silver surges to its highest level in two months as investors seek safe-haven assets amid rising geopolitical risks. Silver prices climbed 5.6% to $84.85 per ounce, reaching a two-month high as escalating US-Iran tensions fueled demand for safe-haven assets. The rally exte
Renewable energy capacity to reach 35 GW by 2030 Renewable energy co-located with batteries for storage is expected to surge in Europe. Capacity installations are forecast to increase from 6 gigawatts in 2025 to 35 GW by 2030. Germany, Great Britain, and Bu
ING’s Chris Turner notes the Dollar has started the week slightly stronger as hopes for a Middle East ceasefire fade and Oil prices jump. He highlights US April Consumer Price Index (CPI) as the key release, with expectations for higher headline and core inflation T