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Forex
Fed’s Musalem: There is risk tariffs could cause persistent inflation rise
St. Louis Federal Reserve (Fed) President Alberto Musalem said on Wednesday that he sees a risk that tariffs could cause a persistent increase in inflation,…
GBP steady and consolidating Tuesday’s losses – Scotiabank
The Pound Sterling (GBP) is also up a marginal 0.1% against the US Dollar (USD) as it attempts to consolidate Monday’s losses, Scotiabank's Chief FX…
JPY soft and underperforming G10 – Scotiabank
The Japanese Yen (JPY) is down a marginal 0.1% against the US Dollar (USD) and once again underperforming all of the G10 currencies—albeit this time in quiet…
EUR: markets shift focus back to policy and Fed/ECB – Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) and a mid-performer among the G10 as it consolidates in a tight range in the mid/lower-1.16s,…
Forex Today: Australian GDP takes centre stage alongside US JOLTs
The US Dollar (USD) regained sudden buying interest and advanced to multi-day highs on Tuesday as investors continued to factor in a couple of interest rate…
Gold smashes record above $3,500 as risk aversion fuels rush
XAU/USD rallies over 2% after clearing April’s peak and setting a new record high at $3,530.Safe-haven demand surges amid Fed independence fears, US policy…
AUD/USD steadies above 0.6500 as traders await Australia’s Q2 GDP
The Australian Dollar trims losses recovering from a five-day low as the US Dollar’s intraday momentum fades.US ISM manufacturing PMI signals contraction, with…
Dow Jones Industrial Average falls 400 points as market tensions rise
The Dow Jones declined heading into the first American market session of September.Renewed broad-market bond, government financing, and inflation concerns…
US President Donald Trump warns the US will cease to be a country if tariffs struck down
US President Donald Trump made an appearance on Tuesday, announcing that the US "Space Force" would be relocating to Huntsville, Alabama, which would now be…
EUR/USD plunges below 1.1700 as Fed turmoil sparks risk-off move
US Dollar gets bid as traders flee risk assets amid Fed pressure, soaring bond yields and tariff disputes.Trump’s firing of Fed Governor Lisa Cook fuels legal…