Canadian Dollar falls despite solid jobs data as US NFP beat forecasts
The USD/CAD pair rises and trades near the 1.3930 region on Friday as the US Dollar (USD) gains ground following a stronger-than-expected Nonfarm Payrolls (NFP) report, offsetting support from an…
The Dow Jones relearns that good news is bad news
There is an old reflex in equity markets that never quite dies: when the economy looks too strong, stocks get nervous. Friday brought it straight back. The Dow Jones Industrial…
Thailand: Cost-push pressures but no overheating – UOB
UOB economists say Thailand’s May Consumer Price Index (CPI) eased slightly but stayed near the top of the Bank of Thailand's (BoT) target, with core inflation still subdued. They stress…
Russia’s Sechin says U.S. companies benefit from the closure of the Strait of Hormuz
Russia’s Sechin says U.S. companies benefit from the closure of the Strait of Hormuz Source link
NFP steamrolls US Dollar bears, now the rally has to stick
The market walked into Friday's payrolls report braced for weakness, and the US Dollar Index (DXY) made it pay. Consensus looked for a soft 85K of new jobs in May,…
Gold melts down as blowout NFP sends DXY above 100
Gold (XAU/USD) price collapses during the North American session on Friday as the latest Nonfarm Payrolls report in the US smashed forecasts, with figures for the last three months upwardly…
Chinese Yuan: Gradual appreciation expected versus Dollar – Nordea
Nordea’s Kristian Nummelin highlights that the Chinese yuan has been the best-performing Asian currency this year, appreciating against both the Dollar and the Euro despite widening US–China yield spreads. The…
Alaska refuge oil lease auction draws only $3.7 million
Alaska refuge oil lease auction draws only $3.7 million Source link
Singapore Dollar: Firm NEER with mild upside against US Dollar – OCBC
OCBC’s FX Strategist Sim Moh Siong expects the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) to trade 1.5–2% above midpoint, supported by de-dollarisation and safe-haven flows, even as reduced…
New Zealand Dollar heads for 3% weekly loss as robust US payrolls data lifts US Dollar
NZD/USD slips to its lowest level since April on Friday as the US Dollar (USD) receives fresh bids in the wake of solid US Nonfarm Payrolls (NFP) data. At the…
