Silver prices dip near $62.30, snapping a four-day rally amid growing bets on a Federal Reserve interest rate increase. Silver prices (XAG/USD) fell to around $62.30 per troy ounce in European trading, ending a four-day winning streak. The decline follows heightened market
XAG/USD retreats from a four-day rally as markets price in a 77% chance of a Fed rate increase by year-end. Silver (XAG/USD) pulls back to $62.30 per ounce in European trading, ending a four-day winning streak. The decline follows growing expectations of a Federal Reserve
May data shows a 1.9% monthly gain in German factory orders, offsetting broader regional market stagnation amid weak crude prices. European equities posted marginal gains as German factory orders climbed 1.9% month-over-month in May, exceeding expectations. The UKX rose 0.
India’s rupee remains range-bound near 95.20 despite easing inflation risks from lower crude prices and weak monsoon concerns. The Indian rupee closed at 95.20 against the US dollar on Friday, down 0.2% but up 0.9% for the week, holding within a 94-96 range. Lower oil pric
Analysts expect the Australian dollar to consolidate between 0.6870 and 0.6910 against the US dollar over the next 1-3 weeks. The Australian dollar has paused after a sharp rise last week, with downside momentum suggesting a potential dip toward 0.6910 intraday. UOB analys
ING cites hawkish FOMC minutes and attractive carry trades as key drivers for the USD, with DXY support at 100.60 expected to hold. The US Dollar Index (DXY) has remained resilient following weaker-than-expected June jobs data, supported by hawkish Federal Reserve signals
Investors await the June FOMC minutes after the Fed held rates at 3.50%-3.75% and signaled potential year-end hikes. The Indian Rupee weakens against the US Dollar, with the USD/INR pair climbing to near 85.42. The US Dollar Index (DXY) rises 0.15% to 101.03, recovering fr
Dollar weakness against the yen follows softer US jobs data and Fed Chair remarks, with traders wary of potential Japanese intervention. USD/JPY pulled back from a high of 162.84 after opening near 161.78, driven by dollar weakness. The move followed comments from Fed Chai
The Swiss Franc weakens 0.25% against the US Dollar as traders await key US services sector data later today. The USD/CHF pair climbed 0.25% to 0.8055 in early European trading, reflecting a rebound in the US Dollar. The move comes despite market reassessment of Federal Re
GBP/USD eyes 1.3410 with modest pullback scope The British Pound remains elevated against the US Dollar after last week's surge. The currency pair has scope for a modest pullback confined to 1.3320–1.3375 intraday. A clear break below this range is seen as
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