Market news
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Australia CPI Slips to 4.0% YoY in May, Below Forecasts
Australia's annual CPI inflation eased to 4.0% in May, missing the 4.4% consensus estimate and down from 4.2% in the prior month.
NZD/USD Extends Losses to Sixth Day on Dollar Strength
The New Zealand Dollar continues to fall against the US Dollar, with NZD/USD trading near 0.5660. The greenback is supported by Middle East tensions and firm US economic data.
PBOC Sets USD/CNY Fix at 6.8195, Higher vs Previous
The People's Bank of China set the USD/CNY central rate at 6.8195 on Wednesday, up from 6.8171 the prior day and above a Reuters estimate of 6.7913.
USD/JPY Holds Near 161.50 as Yen Intervention Fears Linger
The USD/JPY pair is trading flat around 161.60 in early Asian hours Wednesday, as traders remain vigilant for possible Japanese intervention while increased Fed rate hike expectations may support the dollar.
GBP/USD Falls on USD Strength Amid Robust US Data
The British pound declined against the US dollar on Wednesday, with GBP/USD trading near 1.3200 during Asian hours. The greenback gained support from strong domestic economic reports and mixed geopolitical factors.
EUR/USD Falls Below 1.1400 as Fed Rate Hike Expectations Boost Dollar
EUR/USD extended its decline to near 1.1380 in early Asian trading, pressured by growing bets on a Federal Reserve rate hike that lifted the US dollar. Traders also monitored US-Iran peace developments.
BoJ Member Says Suitable to Keep Hiking, Conditions Accommodative
The Bank of Japan's Summary of Opinions from its June meeting includes a member stating that it is suitable to continue raising rates as conditions remain accommodative.
AUD/USD Plunges Over 1.2% as Risk Aversion Boosts USD
The Australian dollar fell more than 1.2% against the US dollar on Tuesday, trading at 0.6915, driven by risk aversion and expectations of higher US interest rates strengthening the greenback.
Australia May CPI Expected to Show Accelerated Inflation
The Australian Bureau of Statistics will release the Consumer Price Index for May on Wednesday at 01:30 GMT, with markets anticipating a further acceleration in inflation.
Canadian Dollar Falls 0.4% as USD Strengthens, Oil Weighs
The Canadian dollar fell 0.4% on Tuesday as the US dollar hit new year-to-date highs and oil prices declined, pushing USD/CAD above 1.4200 for the first time since April.
US Dollar Hits One-Year High Near 101.40 on Strong PMI
The US Dollar Index climbed to a one-year high near 101.40 after the S&P Global Manufacturing PMI rose to 55.7 in June, its highest since May, signaling resilient business activity.
Swiss Franc Falls Against USD for Fifth Day, Rises vs Euro
The Swiss Franc weakened for a fifth consecutive session against the US dollar, falling 0.15%, as risk appetite deteriorated amid the AI sell-off and expectations of a Fed rate hike later this year. Meanwhile, the franc gained ground against the euro.
US Dollar Index Climbs to Highest Since May 2025 on Fed Hike Bets
The US Dollar Index (DXY) extends its rally on Tuesday, climbing to its highest level since May 2025, trading around 100.40, up 0.4% on the day.
Gold Price Slides as AI Rout Fuels US Dollar Flight
Gold (XAU/USD) dropped over 1.30% on Tuesday, reversing Monday’s gains, as a hawkish Federal Reserve and risk-off sentiment boosted the US Dollar. An AI-driven market rout further fueled demand for the greenback as a safe haven.
Commerzbank: Weak KRW, Hawkish BoK Expectations Persist
Commerzbank notes strong South Korean export momentum but says the won remains one of Asia's weakest currencies, with hawkish Bank of Korea expectations still supporting the case for a weaker KRW.
AUD/USD Falls Near Three-Month Low Ahead of Australian CPI
The AUD/USD fell to near 0.6920 on Tuesday as traders await the Australian Consumer Price Index for clues on RBA policy.
Colombia Elects Right-Wing Populist Abelardo de la Espriella
Right-wing populist candidate Abelardo de la Espriella won Colombia's presidential runoff on June 21, with record voter turnout.
Yen Steadies as USD/JPY Rally Shows Exhaustion – Scotiabank
The Japanese Yen edged higher on Tuesday, outperforming G10 peers as stronger PMI data signaled improving growth, according to Scotiabank strategists. They note signs of exhaustion in the USD/JPY advance amid narrowing yield spreads.
Aussie Dollar Loses Momentum, Fails to Find Catalyst for Reversal
The Australian Dollar continues to decline, lacking a catalyst to halt its fall or reverse course.
Silver Challenges 2026 Lows as Hawkish Fed Weighs
Silver trades near $62 per ounce, close to the 2026 low of $61.01, pressured by a hawkish Fed stance and easing Middle East tensions.
EUR/GBP Steadies as Weak UK PMIs Offset by Resilient Eurozone Data
EUR/GBP remained little changed on Tuesday after a sharp decline the prior day, as contrasting PMI data from the UK and Eurozone balanced each other.
USD/JPY Holds Neutral as Markets Weigh US PMIs and ADP Data
The USD/JPY pair traded in a neutral zone on Tuesday as investors digested the latest US PMI figures and ADP employment data, awaiting a stronger catalyst from the Federal Reserve.
British Pound Slides on UK Political Uncertainty, Strong US PMI
The British Pound fell over 0.40% on Tuesday as risk appetite soured amid UK political uncertainty and a hot US PMI print. GBP/USD traded at 1.3195 after reaching a daily high.
RBA Steady Rate Supported by Slowing Demand – TD Securities
Softer Australian PMI data, featuring weaker new orders and moderating price pressures, supports the Reserve Bank of Australia keeping its cash rate unchanged at 4.35%, according to TD Securities.