New Zealand Dollar weakens for third day as US-Iran tensions bolster Dollar NZD/USD falls to around 0.5870 on Wednesday at the time of writing, down 0.97% on the day. The pair extends its bearish move for a third consecutive day as investors favor the US Dollar (USD) amid
Stronger-than-expected US services data bolsters USD demand, pressuring JPY as Fed rate cut bets fade. The USD/JPY pair hovers near 159.98, just below the 160.00 mark, as the US Dollar strengthens on robust economic data. The ISM Services PMI climbed to 54.5 in May, up fro
Sandisk's market cap jumps to $265 billion Sandisk's market value has increased significantly, from $7.3 billion to $265 billion, due to a surge in demand for memory. The company's earnings per share were $23.41 in the first quarter, exceeding expectations of $14.6
DBS Research projects India’s real GDP growth will moderate in Q1 and Q2 2026 due to weaker industrial activity and trade. India’s real GDP growth is expected to ease to 6.9% year-on-year in the first half of 2026, down from 7.8% in the October-December 2025 quarter. The s
Stronger-than-expected US private payrolls and services PMI data lift USD demand, pushing EUR/USD to 1.1607. EUR/USD extended its decline to 1.1607 on Wednesday, pressured by robust US economic data that bolstered expectations for a hawkish Federal Reserve. The US Dollar I
NZDUSD falls amid war and oil concerns The NZDUSD briefly rose above the May high at 0.5889, reaching 0.5893, but lacked momentum. The pair's failure to attract sustained buying interest led to a bearish tone. The decline has reached the 38.2% retracement of the
Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/JPY’s test of 160.00 has heightened intervention risks, with Japanese authorities already having spent a record amount to cap the pair near that level. Governor Ueda’s more hawkish tone and market pricing for fu
Australian Dollar declines as disappointing GDP, firm US data bolster USD AUD/USD trades around 0.7145 on Wednesday at the time of writing, down 0.50% on the day. The pair remains under pressure after the release of several disappointing Australian economic indicators, whi
AUD/USD trades around 0.7145 on Wednesday at the time of writing, down 0.50% on the day. The pair remains under pressure after the release of several disappointing Australian economic indicators, while solid US data continues to support the US Dollar (USD) The Austr
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) remains soft but broadly stable, with USD/CAD trading near 1.3850. They highlight that CAD is undervalued versus their fair value estimate around 1.3690, but recent shifts in Bank of Canad
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