The Indonesian rupiah strengthens as softer US inflation data weighs on the dollar before President Prabowo’s 2027 budget address. USD/IDR fell to 17,880 in Asian trading Friday, snapping a three-day losing streak for the rupiah. The move follows weaker-than-expected US in
Bloomberg reports OpenAI's annualized revenue has exceeded $40 billion, signaling strong growth in AI adoption. OpenAI's annualized revenue run rate has surpassed $40 billion, according to a Bloomberg report. The milestone reflects accelerating demand for artificial intell
Silver price down 1% to near $63.80 Silver price is down 1% to near $63.80 during the Asian trading session on Friday. The white metal faces selling pressure due to global energy supply disruption. Oil prices are higher, boosting inflation expectations and prompt
Softer-than-expected US inflation data drives the US Dollar lower, halting the Swiss Franc pair’s four-day rally. The USD/CHF pair retreated to around 0.8140 in Asian trading on Friday, ending a four-day winning streak. The decline follows weaker-than-expected US inflation
Softer US inflation data pushes USD lower, reducing September Fed rate hike probability to 34.8% from 40%. USD/CHF retreated to 0.8140 in Asian trading Friday, ending a four-day rally as US inflation data undershot expectations. The US Producer Price Index (PPI) remained f
US Dollar Index falls to 99.90 after softer-than-expected producer inflation data eases expectations for further Federal Reserve tightening. The US Dollar Index (DXY) dropped below the 100.00 mark, trading near 99.90 in early Asian trading on Friday. The decline follows we
The Canadian Dollar gains for a second day as softer US inflation data weighs on the USD, pushing the pair lower. USD/CAD fell for a second consecutive session, trading near 1.3920 in Asian hours on Friday. The decline follows a weaker US Dollar, driven by softer-than-expe
US Dollar Index weakens after softer PPI data The US Dollar Index has fallen below 100.00, driven by softer producer price index data. The index currently trades near 99.90. The US Producer Price Index was unchanged in July, below the market consensus of 0.2%. The c
Cooling US inflation data reduces September Fed rate hike probability to 34.8%, weakening the USD against the CAD. USD/CAD declined for a second day, trading near 1.3920 in Asian hours as softer US inflation data weighed on the dollar. The Bureau of Labor Statistics report
Latvia shot down a drone in its airspace, marking a shift from routine alerts to active defense measures near Russia. NATO fighter jets intercepted and shot down a drone over Latvian territory early Friday, escalating tensions in the Baltic region. The incident followed an
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