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Silver Price Forecast: XAG/USD posts gains near $33.50 after losing over half a percent

Silver price (XAG/USD) recovers its recent losses registered in the previous session, trading around $33.30 per troy ounce during the Asian hours on Wednesday. However, the precious metals, including Silver, faced selling pressure amid a strengthening US Dollar (USD).
New
update2025.05.28 11:56

NZD/USD holds positive ground above 0.5950 after RBNZ cuts rate to 3.25%

The NZD/USD pair gains ground to around 0.5965 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the US dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.
New
update2025.05.28 11:27

Australian Dollar weakens despite steady Monthly Consumer Price Index

The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Wednesday for the third successive session. The AUD/USD pair loses ground after the release of the Monthly Consumer Price Index (CPI).
New
update2025.05.28 11:23

USD/INR weakens ahead of FOMC Minutes

The Indian Rupee (INR) strengthens on Wednesday. Concerns over US trade and fiscal policies undermine the US Dollar (USD). Additionally, a decline in Crude oil prices provides some support to the Indian currency, as India is the world's third-largest oil consumer. 
New
update2025.05.28 11:18

AUD/NZD slides back closer to 1.0800 after RBNZ's widely expected 25 bps rate cut

The AUD/NZD cross attracts some dip-buying near the 1.0815 area during the Asian session on Wednesday, though it lacks follow-through.
New
update2025.05.28 11:15

Australia's monthly CPI inflation steadies at 2.4% YoY in April vs. 2.3% expected

Australia's monthly Consumer Price Index (CPI) steadied at 2.4% in the year to April, compared to a 2.4% rise seen in March, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
New
update2025.05.28 10:32

PBOC sets USD/CNY reference rate at 7.1894 vs. 7.1876 previous

On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1894 as compared to the previous day's fix of 7.1876 and 7.1996 Reuters estimate.
New
update2025.05.28 10:15

Japan's Kato says will closely monitor bond market situations

Japan's Finance Minister Shunichi Kato said on Wednesday that he will closely monitor bond market situations as he is concerned about a recent spike yields in Japan.
New
update2025.05.28 09:42

BoJ's Ueda: Tariff negotiations mean outlook remains uncertain

Bank of Japan Governor Kazuo Ueda said on Tuesday that many tariff negotiations, including those between the United States and Japan, are still ongoing, so the outlook remains uncertain. Ueda further states that the central bank will closely monitor the incoming data. 
New
update2025.05.28 09:30

Fed's Williams says wants to avoid inflation becoming highly persistent

Federal Reserve Bank of New York President John Williams said on Wednesday that he wants to avoid inflation becoming highly persistent because that could become permanent.
New
update2025.05.28 09:21

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