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NZD/USD strengthens above 0.6000, eyes on US Initial Jobless Claims release
The NZD/USD pair extends the rally to around 0.6010 during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the Greenback as the Reserve Bank of New Zealand struck a cautious tone in its latest policy meeting.
WTI drifts lower to near $67.00 on rising Crude Stockpile in US, tariff uncertainty
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.15 during the early Asian trading hours on Thursday. The WTI price loses ground amid concerns over weakening demand following a surprise increase in US crude inventories.
USD/CAD posts modest gain above 1.3650 on firmer US Dollar
The USD/CAD pair posts a modest gain around 1.3685 during the early Asian session on Thursday, bolstered by a firmer US Dollar (USD). Traders will closely monitor negotiations between the United States and its trading partners. The US weekly Initial Jobless Claims is due later on Thursday.
GBP/USD muddles through another tariff-heavy day
GBP/USD spun a tight circle on Wednesday, trapped near the 1.3700 handle as traders await any kind of meaningful change to macroeconomic factors.
Silver consolidates near 20-day SMA following Fed minutes
Silver price registered losses of over 1% on Wednesday after the US Federal Reserve (Fed) unveiled its June meeting minutes, hinting that policymakers are eyeing just one interest rate cut, instead of the two priced in by investors. Although the Greenback was unchanged, the grey metal tumbled.
EUR/USD steady at 1.1715 after dovish FOMC minutes and tariff tensions
The EUR/USD finished Wednesday's session with decent gains of over 0.17% after the Federal Open Market Committee (FOMC) released its June monetary policy meeting minutes, which showed that some officials are eyeing at least one interest rate cut.
Gold rises as Fed minutes signal 2025 cuts, US yields retreat
Gold price registers decent gains on Wednesday as US Treasury yields recede, even though the Greenback trades solidly against its peers. Trade developments continued to dictate the market's direction, while the latest minutes indicate that officials are still considering a rate cut in 2025.
Canadian Dollar backslides further as risk aversion bolsters the Greenback further
The Canadian Dollar (CAD) shed further weight on Wednesday, falling to its lowest bids against the US Dollar (USD) in around two weeks, pushing the USD/CAD pair back up into the 1.3700 region.
Breaking: Bitcoin hits record highs near $112,000
BTCUSD reached a record high in levels just shy of the $112,000 mark following the closing bell on Wall Street on Wednesday.
Dow Jones Industrial Average tests higher amid choppy markets as tariff threats continue
The Dow Jones Industrial Average (DJIA) gained some ground on Wednesday, paring away some of the week's early losses, although equities remain down overall from Monday's opening bids.
AUD/USD firms as traders digest latest tariff headlines and Fed Minutes
The Australian Dollar (AUD) is trading in a well-defined range against its US Dollar (USD) counterpart on Wednesday, as markets digest the latest Fed Minutes and fresh tariff-related headlines.
NZD/USD steady as RBNZ holds rates, Trump expands tariff campaign
The New Zealand Dollar (NZD) flattens against the US Dollar (USD) on Wednesday, with the Greenback paring its daily gains after the release of the Federal Reserve's (Fed)June Meeting Minutes.
Forex Today: And... back to the US labour market
The Greenback managed to print marginal gains on Wednesday, enough to extend its ongoing recovery from last week's multi-year lows on the back of persistent unease surrounding the White House's trade policies and Trump's threats of extra tariffs.
GBP/JPY retreats from near one-year highs as Yen regains ground
The British Pound (GBP) eases slightly against the Japanese Yen (JPY) on Wednesday, retreating after rising to 199.83 -- its highest level since late July 2024.
WTI Crude Oil rises as Red Sea attacks overshadow EIA inventory build
WTI Crude Oil is trading higher on Wednesday as attacks in the Red Sea overshadow reports of rising supply.
Trump announces another batch of sweeping tariffs
US President Donald Trump hit the ground running on Wednesday, unveiling his next list of countries that will be facing double-digit tariffs on August 1 if satisfactory trade deals are not delivered. Trump also reiterated his warnings of an additional 10% tariff on any BRICS-aligned country.
EUR/CHF weakens near multi-week range low as ECB flags broader global risks
The Euro (EUR) weakens against the Swiss Franc (CHF) on Wednesday, with EUR/CHF trading near the lower boundary of its multi-week range around 0.9318. The cross remains under pressure following fresh comments from European Central Bank (ECB) officials that added to the cautious mood around the Euro.
EUR/GBP declines as Pound strengthens on UK-US trade deal, EU faces higher tariffs
The EUR/GBP tumbles during the North American session, down by a 0.18% as risk appetite improved due to most US equity indices registering gains as traders brace for the release of the latest Federal Reserve monetary policy meeting minutes. At the time of writing, the cross trades at 0.8622.
President Trump: Our Fed rate is at least 3 points too high
Another round of the White House-Federal Reserve dispute saw President Donald Trump urge the Fed to decrease its interest rate by a minimum of 3 percentage points, reiterating his request for the bank to lower rates to alleviate the cost of servicing the nation's debt.
EUR/USD stalls ahead of Fed Minutes and major US Treasury auction
The Euro (EUR) is trading flat against the US Dollar (USD) on Wednesday as investors turn cautious ahead of key US economic events.
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