Search results

S&P affirms US 'AA+/A-1+' sovereign ratings; outlook remains Stable

The S&P Global Ratings agency affirmed the US 'AA+/A-1+' sovereign ratings while maintaining a 'Stable' outlook on steady, albeit high, deficits.

See details

US Dollar Index maintains position above 98.00 amid Ukraine-Russia peace hopes

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the second successive session and trading around 98.20 during the Asian hours on Tuesday.

See details

Japanese Yen oscillates in range amid BoJ-Fed divergence and geopolitical optimism

The Japanese Yen (JPY) is seen oscillating in a range against its American counterpart during the Asian session on Tuesday amid mixed fundamental cues. The growing acceptance is that the Bank of Japan (BoJ) will stick to its policy normalization path and hike interest rates by the year-end.

See details

USD/INR holds positive ground on US-India trade fog 

The Indian Rupee (INR) weakens on Tuesday amid persistent US-India trade tensions. US President Donald Trump said he would delay new tariffs on countries like China that continue purchasing Russian oil after talks with Russian President Vladimir Putin.

See details

Australian Dollar remains subdued despite improved Westpac Consumer Confidence

The Australian Dollar (AUD) extends its losses for the second consecutive session on Tuesday. The AUD/USD pair depreciates despite an improved Westpac Consumer Confidence, which surged 5.7% in August to 98.5, following a 0.6% increase in July.

See details

PBOC sets USD/CNY reference rate at 7.1359 vs. 7.1322 previous

The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1359 as compared to the previous day's fix of 7.1322 and 7.1846 Reuters estimate.

See details

NZD/USD gathers strength above 0.5900 as investors await RBNZ rate decision

The NZD/USD pair gains ground to near 0.5925 during the early Asian session on Tuesday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) as a slew of US economic data keeps the case for a September Federal Reserve (Fed) interest rate cut intact.

See details

US Secretary of State Rubio to work with allies on security guarantees for Ukraine

US Secretary of State Marco Rubio said on Tuesday that he will work with European allies and non-European countries on security guarantees for Ukraine. 

See details

WTI price recovers above $62.50 as traders brace for Trump-Zelenskiy meeting

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.55 during the early Asian trading hours on Tuesday. The WTI edges higher after talks between US President Donald Trump and his Ukrainian counterpart in the wake of an inconclusive US-Russia summit in Alaska on Friday.

See details

Ukraine's President Zelenskyy pushes for real peace, signals US support on security guarantees

Ukraine's President Volodymyr Zelenskyy late Monday emphasized the need for true peace and welcomed US involvement in security guarantees. Zelenskyy also confirmed major US arms purchase plans. 

See details

GBP/USD softens ahead of data-heavy week

GBP/USD saw a softer start to the new trading week, easing back around four-tenths of one percent through the opening market sessions. The US Dollar (USD) pared some of last week's overall losses, trimming near-term gains for the Pound Sterling (GBP) on Monday.

See details

USD/CAD flat lines near 1.3800 ahead of Canadian CPI inflation data

The USD/CAD pair extends its ongoing range-bound theme near 1.3800 during the early Asian session on Tuesday. Investors remain cautious as US President Donald Trump begins planning for a trilateral meeting with Russian President Vladimir Putin and Ukrainian leader Volodymyr Zelenskiy.

See details

Trump begins planning for trilateral meeting with Putin and Zelenskyy

United States (US) President Donald Trump confirmed that he would be beginning the preparation steps for a trilateral meeting between Russian President Vladimir Putin, Ukrainian President Volodymyr Zelenskyy, and himself at some point in the near future.

See details

USD/CHF Price Forecast: Stuck near 0.8070 ahead of Fed minutes

The USDCHF ended Monday's session with minimal gains, yet it consolidated around the 0.8070 figure for the third straight day. At the time of writing, the pair trades at 0.8073, virtually unchanged.

See details

EUR/USD slides as Dollar gains strength ahead of Fed minutes and Jackson Hole

EUR/USD begins the week on a lower note, down 0.30% as traders await the outcome of the meeting between US President Donald Trump and Ukraine's Volodymyr Zelenskiy, after the former met with his Russian counterpart Vladimir Putin last Friday.

See details

Canadian Dollar spins in circles in quiet start to week

The Canadian Dollar (CAD) treaded water on Monday, kicking off the new trading week with a notable lack of momentum as investors take a breather from last week's inflation-fueled excitement.

See details

Dow Jones Industrial Average cools on a quiet Monday

The Dow Jones Industrial Average (DJIA) eased slightly on Monday, paring last week's gains. A quiet start to the week is giving investors some room to breathe before the next round of key economic data, as well as the start of this year's economic symposium at Jackson Hole.

See details

Forex Today: Canadian inflation figures take centre stage

The US Dollar (USD) managed to leave behind part of Friday's retracement, regaining upside impulse in a context of heightened caution ahead of the Trump-Zelenskiy gathering and the upcoming Jackson Hole Symposium.

See details

Gold consolidates as Fed Minutes and ceasefire speculation cap gains

Gold price traded sideways on Monday as traders await the meeting between Trump, Zelenskiy, and European leaders in Washington following last week's summit between US President Donald Trump and Russian President Vladimir Putin.

See details

AUD/USD pressured by stronger US Dollar, focus turns to Trump-Zelenskyy talks

The Australian Dollar (AUD) is losing ground against its US counterpart to kick off the week, with the AUD/USD pair slipping below the 0.6500 mark during the New York session on Monday.

See details