USD/CHF extends its losses for the second consecutive day, trading around 0.8290 during Asian hours on Friday. The pair depreciates as the US Dollar (USD) struggles amid easing Federal Reserve (Fed) rate hike bets, with markets pricing in nearly a 28% chance of an October rate increase according to the CME FedWatch Tool. However, the […]
The Euro (EUR) finds temporary support against the US Dollar (USD) on Friday after a four-day losing streak, in which it hits a fresh yearly low at 1.1215. In Asian trade, EUR/USD is up 0.1% to near 1.1253 due to a marginal correction in the US Dollar. Euro Price This week The table below shows […]
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some sellers during the Asian session on Friday, snapping a two-day winning streak and stalling the previous day’s recovery from the vicinity of a nearly four-week low. The black liquid currently trades near $91.50, down 0.45% for the day, though the downside […]
Soybean futures fell to around $12.70 per bushel on Friday, approaching a five-week low as harvest pressure from expectations for a record-large U.S. crop continued to weigh on prices. Wet conditions during late summer and early autumn slowed the harvest pace, but the arrival of new-crop supplies is keeping pressure on the market. Harvest was […]
European natural gas prices fell below €73/MWh on Friday, giving back part of their recent gains as softer Asian LNG demand and higher U.S. supplies provided some relief to the European market. U.S. LNG exports rose to 10.9 million tonnes in September, with Europe receiving 5.91 million tonnes, or 54% of total shipments, as buyers […]
The Japanese yen strengthened slightly below ¥158 per U.S. dollar on Friday, trimming recent losses after data showed Tokyo’s core inflation accelerated to 2.7% in September. The reading exceeded the Bank of Japan’s 2% target for the first time in nine months, strengthening the case for continued monetary-policy normalization. However, the yen’s recovery remained limited […]
The Australian dollar remained little changed below $0.70, trading near multi-month lows as a stronger U.S. dollar and surging Treasury yields continued to weigh on the currency. The Aussie is heading for a fourth consecutive weekly decline despite the Reserve Bank of Australia raising its cash rate to a 15-year high of 4.6% in September. […]
Palladium futures fell to around $1,170 per ounce, reaching a one-year low as a stronger U.S. dollar and elevated Treasury yields increased pressure on the precious metal. Investors are awaiting U.S. payrolls data for further clues on the Federal Reserve’s interest-rate path, while the dollar climbed to a 17-month high and 10-year Treasury yields reached […]
The Indonesian rupiah remained under pressure around IDR 17,900 per U.S. dollar on Friday, struggling to recover after touching the IDR 18,000 level earlier in the week. Persistent dollar strength continued to weigh on the currency, while expectations for further Federal Reserve tightening, elevated inflation and geopolitical uncertainty kept demand for the greenback firm. Bank […]
Key takeaways US gas prices retreat ahead of storage report US natural gas (NATGAS) is down 1.2% today, with its price below the psychological threshold of $3.00/MMBtu. The market is under strong oversupply pressure, and bearish sentiment also dominates in Europe, where supply concerns are mitigated by stable LNG transit and favorable weather. What to […]