Latest forex news and market analysis
The US has temporarily suspended specific duties on phosphate fertiliser imports from Morocco, impacting the agricultural sector.
Japan's unemployment rate for May remained consistent with market forecasts at 2.5%, indicating a stable labor market.
Japan's job availability, measured by the job-to-applicant ratio, registered a slight dip in May, coming in just under analyst forecasts.
New discussions between the United States and Iran are scheduled for Tuesday in Doha, Qatar, following recent Middle East hostilities.
The Chinese Yuan is anticipated to remain within a narrow trading band against the US Dollar, with potential for further depreciation.
Micron Technology (MU) shares rebounded to close higher on Monday, overcoming an initial drop of nearly 10% during early trading.
The US Dollar Index (DXY) saw a slight decline on Monday as market participants awaited crucial US employment figures and other global econo
Tuesday's Asian session features key economic releases, including the RBA meeting minutes and China's official Purchasing Managers' Indexes.
Major US stock indices closed strong, with the Dow Jones Industrial Average and Russell 2000 achieving new record highs.
Renewed US Dollar strength is creating challenges for Asia-Pacific currencies, with the USD/JPY pair identified as a key indicator.
The USD/JPY currency pair advanced to 161.97, marking its highest level since late 1986, as market participants observed the movement.
The Euro advanced against the US Dollar on Monday, reacting to mixed Eurozone economic sentiment and anticipating upcoming German inflation
The British Pound advanced Monday after Andy Burnham, widely anticipated as the next UK Prime Minister, committed to existing fiscal rules.
Former President Trump indicated he plans immediate action regarding Federal Reserve Governor Lisa Cook, following a Supreme Court decision.
Nvidia and Micron Technology shares faced selling pressure, challenging significant technical support levels as market sentiment shifted.
Consumer cyclical stocks, particularly Amazon and Tesla, showed strong performance, while the semiconductor sector faced declines.
The Dallas Fed Manufacturing Business Index remained at zero in June, indicating stable conditions in the region's manufacturing sector.
The US Supreme Court has blocked efforts to remove Federal Reserve Governor Lisa Cook, affirming her position until 2038.
China's economic indicators suggest a deceleration, potentially impacting the yuan's performance against major currencies like the US dollar
The Japanese Yen is gaining a risk premium, influenced by China's expanded export controls and strong Japanese commercial sales.
The USDCAD currency pair trades near daily highs as buyers maintain control, despite recent attempts by sellers to initiate a correction.
Recent data indicates a significant upturn in the US freight market, with flatbed rates experiencing substantial gains year-to-date.
The Canadian dollar has found modest support against the US dollar as short-term interest rate differentials between the two nations slightl
XTB's institutional division, recently rebranded from X Open Hub, engaged with industry professionals at iFX EXPO International.