May PCE data showed inflation rising to 4.1% YoY, aligning with expectations, while US GDP growth was revised upward to 2.1%. The US Dollar Index (DXY) pulled back toward 101.40 on Thursday after May’s Personal Consumption Expenditures (PCE) Price Index rose to 4.1% year-o
The offshore yuan weakens further against the dollar, with UOB analysts noting consolidation after a sharp intraday spike. The offshore Chinese yuan (CNH) extended losses against the US dollar, reaching 6.8195 before stabilizing. UOB analysts Quek Ser Leang and Lee Sue Ann
United Overseas Bank analysts note the yuan’s sharp decline against the dollar, with momentum pointing to further gains toward 6.8300. The offshore yuan weakened sharply against the dollar, with USD/CNH spiking to 6.8195 before stabilizing. UOB analysts describe the move a
The currency pair fell 0.34% after US Treasury yields declined, halting the Greenback’s six-day winning streak despite strong inflation data. The USD/CHF pair retreated below 0.8100 on Thursday, shedding 0.34% as US Treasury yields declined, interrupting the dollar’s six-s
Kazakhstan and the EU finalized deals worth over $12 billion, including a 7.1 billion euro Airbus jet purchase, to strengthen trade ties. Kazakhstan and the European Union signed agreements potentially valued at $12 billion during President Kassym-Jomart Tokayev’s visit to
The Euro gains against the Dollar as US PCE inflation meets forecasts and jobless claims fall, while German consumer confidence edges up. The EUR/USD pair climbed to near 1.1380 on Thursday, reflecting mild gains as the US Dollar retreated despite robust economic data. US
Pound Sterling rises 0.22% against USD The Pound Sterling has advanced by 0.22% against the USD. The GBP/USD trades at 1.3194, after bouncing off daily lows. The US economy grew faster than previously reported in Q1 of 2026, with inflation readings suggesti
The Pound Sterling advances by 0.22% even though the US economy grew faster than previously reported in Q1 of 2026, while inflation readings suggest that the Federal Reserve needs to tighten policy. The GBP/USD trades at 1.3194, after bouncing off daily lows of 1.31511
The Japanese Yen edges higher after US inflation data meets expectations, easing pressure on the US Dollar. The Japanese Yen gained modest ground against the US Dollar on Thursday after US Personal Consumption Expenditures (PCE) data matched market expectations. USD/JPY tr
Buyers failed to sustain momentum above 0.6915, keeping sellers in control of the short-term trend after a post-FOMC decline. The AUDUSD pair attempted a rebound after hitting a low of 0.68816 but faced resistance near 0.6915, the underside of a broken channel trendline. S
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