US wholesale inflation slowed more than expected in June, easing pressure on the Federal Reserve to hike rates this month. The US Dollar Index dropped 0.5% to near 100.40 after June’s Producer Price Index fell 0.3% month-over-month, below the 6.2% annual forecast. Core PPI
The currency pair falls over 0.6% after breaking a rising wedge pattern, signaling potential further declines toward 0.8000. The USD/CHF pair declined more than 0.6% on Wednesday, breaking below the July 14 swing low of 0.8067 and trading near a three-day low at 0.8041. Th
XAU/USD trades at $4,062 after U.S. PPI data undershoots expectations, pressuring the dollar amid Fed inflation focus. Gold prices held near $4,062 as the U.S. Producer Price Index (PPI) rose 5.5% year-over-year in June, below the expected 6.6% and down from May’s 6%. The
The EURUSD has extended its rally, climbing to a new session high of 1.1456 as the U.S. dollar remains under pressure following another round of softer-than-expected U.S. inflation data. This week's CPI and today's PPI reports have reinforced the view that inflation pressu
Decentralized perpetuals platform Ostium suspends operations as security firms flag potential multimillion-dollar losses from an oracle breach. Ostium, a decentralized perpetuals trading protocol on Arbitrum, paused all trading after blockchain security firms reported a mu
The Japanese Yen edges higher against the US Dollar but stays near historic lows despite softer US inflation figures. The Japanese Yen (JPY) posted modest gains against the US Dollar (USD) on Wednesday, trading at 162.14, down 0.07% for the session. The move follows weaker
The Japanese Yen (JPY) holds modest gains against the US Dollar (USD) on Wednesday but struggles to extend its recovery despite a broadly weaker Greenback following softer-than-expected US inflation data. At the time of writing, USD/JPY trades around 162.14, down 0.07% on
Loop outlines 70,000-tonne modular Infinite Loop Europe pre-FEED starting September, targets India debt close in fall Earnings Call Insights: Loop Industries (LOOP) Q1 fiscal 2027 Management View CEO Daniel Solomita framed the quarter around project execution and financing,...</p
Investors welcome Shabana Mahmood’s fiscally disciplined stance, boosting UK bonds and sterling amid policy stability expectations. UK government bonds and the pound strengthened after Labour’s Shabana Mahmood emerged as the likely next Chancellor of the Exchequer. Markets
US producer prices fell, pressuring the dollar and lifting the pound to 1.3460 amid softer inflation signals. The British pound rose 0.6% against the US dollar to 1.3460 after US Producer Price Index data showed a decline, driven by lower energy costs since late May. The s
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