The Bank of England has raised interest rates to 4%, delivering a unanimous decision by the Monetary Policy Committee (MPC) as policymakers respond to renewed inflation concerns and a more resilient UK economic outlook. Although the increase was widely anticipated, the central bank’s updated inflation and growth forecasts have raised important questions about the direction […]
The Australian dollar has fallen below $0.70 against the US dollar, reaching a three-week low as a sharp sell-off in technology stocks reduces demand for risk-sensitive currencies. The decline reflects growing investor caution following the Democrats’ sweeping victory in the US midterm elections, which has raised concerns that tighter regulation of the artificial intelligence industry […]
The US dollar index climbed to approximately 101.7 on Friday as investors positioned ahead of the October employment report, which could provide important clues about the strength of the American labour market and the Federal Reserve’s next monetary policy decision. The dollar found support following recent employment indicators showing that private businesses added 86,000 jobs […]
US corn futures moved lower across the board, surrendering early gains as weaker export sales and positioning ahead of next week’s USDA production report weighed on market sentiment. December 2026 corn futures closed at $4.40 per bushel, down 4¼ cents, while the national average cash price declined 3¾ cents to $4.04. USDA export sales for […]
US wheat futures recorded gains across all three major markets, with Chicago, Kansas City and Minneapolis contracts finishing Thursday’s session higher overall. The advance comes as export sales remain relatively strong, with weekly 2026/27 commitments reaching 538,028 metric tonnes, the second-largest total of the current marketing year. Although sales eased from the previous week’s marketing-year […]
The New Zealand dollar slipped to $0.558 on Friday, extending its recent weakness as currency traders assess the potential economic and fiscal implications of the country’s upcoming general election. The kiwi had already fallen 0.5% in the previous session, with investors becoming increasingly cautious ahead of Saturday’s vote. Polls indicate a closely contested race between […]
US soybean futures came under pressure, with contracts closing lower as weaker soy oil prices, softer export sales and expectations of increased domestic production weighed on the market. Soybean contracts finished between 4½ and 14 cents lower, while the national average cash soybean price declined 14 cents to $11.24 per bushel. Export demand remains substantial, […]
The Hong Kong dollar has strengthened to its highest level since August 2026, with the exchange rate touching 7.84 against the US dollar. The move places the currency at a 10-week high and extends its recent appreciation against the greenback. USD/HKD has declined by 0.15% over the past four weeks, indicating a modest strengthening in […]
US live cattle and feeder cattle futures are facing renewed selling pressure, with contracts declining sharply as weakness across the broader stock market weighs on sentiment. Live cattle futures finished $2.40 to $3.60 lower, while feeder cattle contracts recorded losses ranging from $2.92 to nearly $7.00. The decline comes despite active cash market trading, with […]
Gold Holds Above $4,050 as Lower Bond Yields and Easing Inflation Expectations Support Prices Gold held above $4,050 per ounce on Friday and was on course to record a weekly gain of approximately 5%, supported by changing political expectations following the sweeping Democratic victory in the US midterm elections. The election result has shifted market […]