DBS Group Research sees limited downside for the British Pound as Labour’s leadership transition avoids fiscal shocks like 2022’s mini-budget crisis. The British Pound’s trading range against the US Dollar is unlikely to break despite Sir Keir Starmer’s resignation and the
Weaker-than-expected German Services PMI data weighs on the euro as traders await Eurozone PMI figures later Tuesday. EUR/USD retreated from daily gains to trade near 1.1430 after Germany’s HCOB PMI data fell short of forecasts. The Services PMI dropped to 46.8 in June, be
The GBP/JPY pair trades below 214.00 as investors weigh UK political risks and potential currency intervention. The British Pound weakens slightly against the Japanese Yen, failing to sustain a rebound from last week’s one-month low. The GBP/JPY pair hovers just below 214.
The currency pair retreats as UK political turmoil offsets Bank of Japan hawkish signals and intervention concerns weigh on the yen. The GBP/JPY cross fell modestly on Tuesday, trading just below 214.00 after failing to extend a recent rebound from a one-month low. Weaknes
XAG/USD falls toward $61.00, erasing Monday’s modest rebound amid rising US bond yields. Silver prices extended losses Tuesday, with XAG/USD approaching a seven-month low of $61.00 as rising US Treasury yields weighed on non-yielding assets. The metal traded near $62.00 af
XAG/USD drops near seven-month lows amid rising US yields and expectations of a September Fed rate increase. Silver prices extended losses Tuesday, with XAG/USD trading at $62.46 as rising Treasury yields pressured precious metals. The decline follows hawkish Fed commentar
June flash PMI data for France shows stronger-than-expected growth in services and manufacturing, lifting the composite index. France’s June flash services PMI rose to 47.4, exceeding the 46.0 forecast and improving from May’s 44.3. The manufacturing PMI also outperformed,
The US Dollar Index remains steady at 101.00 as traders await June S&P Global PMI data for growth signals. The US Dollar Index (DXY) trades near 101.00, close to its 13-month high of 101.13 reached on June 19. The index reflects the USD's performance against six major curr
USD/JPY approaches 162.00 as Asian currencies decline The US Dollar is gaining strength against the Japanese Yen, with USD/JPY moving closer to 162.00. This shift is occurring as Asian currencies weaken in an orderly fashion. A sharp intraday move in the Ja
The New Zealand Dollar weakens for a fifth day as US rate hike expectations and stalled Iran-US talks weigh on risk sentiment. The New Zealand Dollar (NZD) fell to 0.5685 against the US Dollar (USD) on Tuesday, marking its fifth straight decline and approaching year-to-dat
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