The New Zealand Dollar falls to 0.5930 against the USD amid reduced Fed rate cut expectations and geopolitical tensions. The New Zealand Dollar (NZD) extended its decline against the US Dollar (USD) on Wednesday, hitting the lowest level among G8 currencies. NZD/USD tested
March data shows slower-than-expected industrial activity in the Eurozone, signaling potential economic softening. Eurozone industrial production increased by 0.2% in March, falling short of the 0.3% estimate. The figure reflects a steady but modest expansion in the sector
March data shows slower-than-expected industrial activity, with annual output contracting 2.1% as February revisions weigh on sentiment. Eurozone industrial production increased 0.2% in March, missing the 0.3% consensus estimate. The figure reflects a modest recovery but u
Revised data shows slower quarterly growth in the eurozone, matching preliminary estimates but below prior quarter figures. Eurozone gross domestic product expanded by 0.1% in the first quarter, according to the second estimate, unchanged from the preliminary reading. The
UOB strategists see limited upside for the pair despite intraday recovery, citing resistance at 158.30 levels. The Japanese yen struggled to break past 158.30 against the US dollar after a volatile trading session that saw USD/JPY spike to 157.76 before briefly dropping to
Swiss Franc holds below 0.7800 amid higher US yields, risk-off markets The US Dollar (USD) maintains its immediate bullish trend against the Swiss Franc (CHF) intact for now, with the pair standing comfortably above 0.7800, after bouncing at lows near 0.7760 last
European Union gas industry lobby groups are urging Brussels to relax gas storage refill targets amid the supply crunch prompted by the war in the Middle East. The EU has a refill target of 90% of storage capacity by November every year in a bid to secure sufficient supply
ING forecasts limited downside for EUR/USD near 1.1650, citing subdued volatility and upcoming ECB signals for a June rate hike. EUR/USD three-month implied volatility has fallen to 5.7%, more than 1% below realized volatility and near the lower end of its five-year range.
USD/JPY extends gains for a third day as US inflation data fuels expectations of prolonged Federal Reserve hawkishness. The Japanese yen fell to 157.65 against the US dollar on Wednesday, extending its decline for a third consecutive session. The move follows stronger-than
WTI futures correct to near $97.20 West Texas Intermediate futures on NYMEX have corrected to near $97.20 during the European trading session. The correction comes as escalating hawkish Federal Reserve bets have raised concerns over oil demand. The oil price had