XAG/USD retreats to $58.80 amid Middle East instability and Fed rate hike expectations ahead of key US jobs data. Silver prices fell during Asian trading on Monday, with XAG/USD dipping to $58.80 per troy ounce after two days of gains. The decline follows renewed military
The Japanese Yen declines modestly against the USD amid geopolitical tensions, despite lingering intervention risks from Tokyo. The USD/JPY pair climbed to around 161.80 in early Asian trading on Monday, reflecting a slight weakening of the Japanese Yen. The move follows u
RBA to respond better to next crisis The Reserve Bank of Australia will be better prepared to handle the next crisis. The central bank's primary tool is the cash rate target. The RBA aims to maintain price stability with an inflation rate of 2-3%. The GBP/US
South Korea to invest $651 billion in AI and chip projects South Korea is set to unveil a massive $651 billion investment plan for AI and chip projects. The plan includes three mega-projects, including a new semiconductor hub in the southwest region. The investment
The People’s Bank of China set the daily USD/CNY reference rate above market expectations, signaling potential yuan depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.8175, weaker than the 6.8041 estimate. The fix allows the yuan to trade
The Euro extends gains for a third session amid paused US-Iran hostilities and shifting ECB rate hike expectations. The EUR/USD pair traded near 1.1390 in Monday’s Asian session, marking a third consecutive day of gains. The Euro’s strength persists despite geopolitical ri
Central bank group flags systemic risks from AI capex boom, citing parallels to dot-com and railway bubbles with global spillovers. The Bank for International Settlements cautioned that a $1 trillion AI investment wave could collapse abruptly, sparking a recession if retur
PBOC to set daily USD/CNY rate at 6.8041 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
Most European retailers use AI, but few achieve measurable returns Artificial intelligence is becoming a standard tool in European retail, with 95% of retailers using or testing AI in marketing and e-commerce. The EU AI Act is introducing stricter transparency rule
The Australian Dollar remains subdued as traders monitor geopolitical risks tied to ongoing US-Iran talks. The AUD/USD pair traded flat at 0.6895 in early Asian trading on Monday, staying below the 0.6900 level. Market participants are assessing developments in US-Iran neg
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