The offshore Chinese yuan strengthened to around 6.69 per US dollar, supported by China’s firm stance on exchange-rate policy as trade discussions with the European Union bring currency competitiveness into sharper focus. The People’s Bank of China (PBoC) has rejected the argument that exchange-rate adjustments alone can resolve global trade imbalances, maintaining that China’s export […]
Platinum prices have rebounded above $1,650 per ounce, recovering from a recent nine-week low as falling US Treasury yields and easing oil prices improve the outlook for precious metals. A rally in US government bonds has pushed Treasury yields lower from a 24-year peak, weakening the US dollar and reducing the opportunity cost of holding […]
Fed Governor Christopher Waller said the US economy appears to be strengthening noticeably in the second half of 2026, while the labor market remains “solid and stable” despite a slower pace of job creation. At the same time, he stressed that inflation remains too high and has been above the Fed’s target for around five […]
Zinc prices have rebounded above $3,800 per tonne, recovering from a more than six-week low as persistent supply constraints continue to support the market. The latest move comes as Western smelters face pressure from high energy costs and limited access to raw materials, creating uncertainty over refined zinc production. Western refined zinc output fell 3.4% […]
Copper prices are approaching $6.70 per pound, extending their weekly advance as Chinese traders return from a week-long holiday with a more optimistic outlook for industrial demand. Improving sentiment in China is providing fresh support to the copper market, while strong earnings from South Korean technology giant Samsung Electronics are reinforcing expectations for continued investment […]
The AUD/USD pair declines to around 0.6965 during the Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) after hawkish Minutes from the Federal Open Market Committee (FOMC). The US weekly Initial Jobless Claims report and the Fedspeak will be the highlights later in the day. According to meeting […]
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, drifts lower during the Asian session on Thursday and extends the previous day’s modest pullback from the vicinity of its highest level since April 2025. The index, however, holds above the 102.00 mark. Moreover, the supportive fundamental backdrop backs the case […]
The EUR/USD pair recovers some lost ground to around 1.1200 during the early Asian session on Thursday. However, the potential upside for the major pair might be limited as France’s fiscal concerns continued to weigh on the Euro (EUR). Traders await the release of the US weekly Initial Jobless Claims report and the Fedspeak later […]
The USD/JPY pair drifts lower during the Asian session on Thursday, extending the previous day’s pullback from a one-and-a-half-week high, around the 158.50 region. Spot prices, however, remain confined in a familiar range and currently trade near the lower end of the weekly range, around the 157.85-157.80 region, down 0.15% for the day. Data released […]
GBP/USD remains subdued for the second successive day, trading around 1.3210 during the Asian hours on Thursday. The pair inches lower as the US Dollar (USD) holds its ground, bolstered by elevated US Treasury bond yields that have climbed near their highest levels since 2002. Meanwhile, a recent spike in oil prices has reignited concerns […]