Category forex

RBA Expected To Hold Rate At 4.35%

RBA to hold cash rate at 4.35% on June 16 The Reserve Bank of Australia is expected to pause its tightening cycle at its June 16 meeting. The RBA has raised the cash rate by 75 basis points since February, fully reversing last year's easing. GDP growth slow

Silver Slips Near $67.00

XAG/USD depreciates amid Middle East tensions Silver price depreciates after registering over 6% gains in the previous day, trading around $67.00 per troy ounce. The downward pressure follows fresh military friction in the Middle East, tempering recent diplomatic o

AUD Falls Below 0.7050

AUD/USD loses momentum to 0.7030 The Australian Dollar has fallen below 0.7050 against the US Dollar. This decline follows a rise in US wholesale prices. The AUD/USD pair lost momentum during Asian trading hours on Friday.