Forex News

Gold price tumbles to near $4,450 in Thursday’s early Asian session.  Robust US jobs data reinforced bets that the Fed will keep interest rates higher for longer.  The US May employment report will take center stage later on Friday.  Gold price (XAU/USD) falls to around $4,450 during the early Asian session on Thursday. The precious…

US-Iran strikes lift Dollar as traders dump risk currencies. ADP, JOLTS and ISM data reinforce US resilience. Australia’s GDP miss deepens concerns over household demand. The Aussie Dollar drops some 0.70% on Wednesday as risk appetite shifted sour as hostilities in the Middle East resumed amid the lack of progress in US-Iran talks to reach…

Fed’s Logan warns that higher interest rates could be needed later this year. US ISM Services PMI rose to 54.5 in May, supporting the US Dollar. Markets await Friday’s US Nonfarm Payrolls report for fresh policy clues. The NZD/USD pair trades near the 0.5860 region on Thursday, down more than 1% in the day, as…

Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said on Wednesday that inflation remains too elevated and warned that higher interest rates could be needed later this year if price pressures fail to ease further. Key quotes: Inflation is trending toward the mid-2s, not all the way to 2%. Trimmed-mean inflation is…

Here is what you need to know for Thursday, June 4: The US Dollar Index (DXY) trades with a firmer tone near the 99.50 price region as a stronger-than-expected United States (US) ISM Services Purchasing Managers Index (PMI) rose to 54.5 in May from 53.6 in April, highlighting the resilience of the US economy and…

DBS Group Research’s Radhika Rao expects Philippines inflation to climb further above the Bangko Sentral ng Pilipinas’ (BSP) target, driven by food, fuel and currency weakness. She notes some easing in sequential pressures from lower fuel prices and utilities. Rao underscores that inflation outcomes are shaped by policy frameworks and that BSP is likely to…

According to Fars, Saeed Ajorlou, a member of the Iranian negotiating team, outlined a four-stage proposal for a deal between Iran and the US In the first phase, ending the war and halting military actions, followed by the second phase, which includes tangible measures and the mechanisms related to the Strait of Hormuz. This includes…

The Federal Reserve (Fed) released the latest Beige Book on Wednesday, which the Federal Open Market Committee (FOMC) uses in discussions about setting monetary policy. The Beige Book gathers information from the Fed’s 12 districts and provides an overall picture of the US economy. The report states that economic activity increased at a “slight to…

DBS Group Research economist Radhika Rao notes that Indonesia’s May inflation accelerated on higher food and energy costs but remains within Bank Indonesia’s target band. She highlights weather risks, Rupiah weakness and a shrinking trade surplus as key concerns. The report stresses that absent fuel price adjustments, higher global prices could pressure the trade and…