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Forex
One stock to put on your radar in June
It is an uncertain time for investors with ongoing trade wars, higher tariffs, the potential for rising inflation, and an economic slowdown.
Things are up in…
USD/INR drifts lower as traders await Indian/US PMI releases
Indian Rupee edges higher in Wednesday’s Asian session. A softer US dollar and foreign inflows could support the INR, but higher crude oil prices might cap its…
Japanese turns lower for the second straight day against USD; downside seems limited
The Japanese Yen remains on the back foot against the USD for the second consecutive day. An upward revision of Japan’s Services PMI lifts BoJ rate hike bets…
PBOC sets USD/CNY reference rate at 7.1886 vs. 7.1869 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1886 as compared to the previous day's fix of…
Australian Dollar remains stronger following Q1 GDP data
The Australian Dollar maintains its position after the release of mixed economic data on Wednesday.Australia’s Gross Domestic Product expanded 0.2% QoQ in Q1,…
Australia’s Gross Domestic Product expect to record slight Q1 increase
Australian Gross Domestic Product is foreseen at 0.4% in the first quarter of 2025.The Reserve Bank of Australia is ready to deliver more aggressive rate cuts…
Fed’s Cook: Tariffs could lead to stagflation environment
Federal Reserve (Fed) Board of Governors member Lisa D. Cook noted on Tuesday that although the US economy appears to be in a healthy place for the time being,…
Forex Today: Further US hard data and the BoC meeting grab all the attention
After bottoming out in fresh multi-week troughs, the US Dollar (USD) managed to regain composure and advance markedly on turnaround Tuesday. The recovery,…
Dow Jones Industrial Average bolstered by tech sector hope for easing China restrictions
The Dow Jones Industrial Average was dragged higher by tech gains on Tuesday.Lacking any meaningful news, investors are hoping that Trump’s tech blockade on…
Mexican Peso trades sideways against the US Dollar as US jobs data remains in focus
USD/MXN trades sideways with prices stalling above 19.20.The Mexican Peso remains vulnerable to broader risk sentiment, capping USD/MXN losses.US inflation…