The AI infrastructure firm's latest funding round brings total recent capital raised to $1bn, targeting data center expansion. AI infrastructure company Groq has raised $350m in a Series A round, valuing the firm at $3.5bn. The funding was led by Disruptive, with Nvidia se
German economic sentiment declines, weighing on the Euro and pushing EUR/CAD to 1.1570 after a three-day rally. The Euro retreated against the Canadian Dollar, trading at 1.1570 in European hours after German ZEW Survey data dampened sentiment. The pair erased gains from t
German ZEW Survey improves but fails to lift the Euro, which weakens against the Canadian Dollar amid mixed economic signals. EUR/CAD dips to 1.1570 in European trading, reversing three days of gains after German ZEW Survey data disappoints. The Current Situation index ros
Structural changes in China’s economy reduce loan demand despite stable GDP growth and reflation, analysts say. China’s loan growth has decelerated sharply, even as real GDP remains stable and inflation pressures ease. The slowdown spans housing-related lending and other s
UK employment figures disappoint, weighing on the British Pound as it dips 0.1% against the US Dollar in early trading. The British Pound fell 0.1% to 1.3530 against the US Dollar in European trading on Tuesday, pressured by softer-than-expected UK employment data for the
The British Pound (GBP) is down 0.1% to near 1.3530 against the US Dollar (USD) during the European trading session on Tuesday. The British currency comes under pressure after the release of the United Kingdom (UK) employment data for three months ending June UK lab
The commodity-linked CAD strengthens for a fourth day amid rising crude oil prices, pressuring the USD/CAD pair. The USD/CAD pair declined to 1.3870 during European trading on Tuesday, marking its fourth consecutive day of losses. The Canadian Dollar gained support from fi
Firming crude prices near $84.10 per barrel support the CAD, pressuring the USD/CAD pair amid US-Iran geopolitical tensions. USD/CAD declined for a fourth straight session to 1.3870 in European trading on Tuesday, driven by a stronger Canadian Dollar as oil prices firmed.
Foreign investors bought $1778bn in US securities over the past year, offsetting trade deficits but keeping USD gains limited. The US Dollar remains under pressure from dovish Federal Reserve repricing, limiting rebounds despite robust foreign demand for US assets. Treasur
MUFG warns the Euro is overvalued and vulnerable to underperformance due to energy-driven growth risks and inflation pressures. EUR/USD remains capped near its 200-day moving average at 1.1630, with MUFG’s short-term model indicating the pair is 2.5%-3.0% overvalued. The b
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