The NZD/USD pair declines to near 0.5545 during the Asian trading hours on Friday. Growing bets of a larger Federal Reserve (Fed) rate hike in December provide some support to the US Dollar (USD) and act as a headwind for the pair. Traders will keep an eye on the US October Producer Price Index (PPI) […]
The US cattle market enters Friday with mixed signals across live cattle, feeder futures and wholesale beef prices. Nearby December live cattle edged lower on Thursday, while deferred contracts recorded modest gains. Feeder cattle futures performed considerably better, climbing between $3.05 and $4.17 as weaker corn prices provided support by easing feed-cost pressure. Cash trade […]
US corn prices enter Friday facing continued selling pressure after futures settled close to Thursday’s session lows, with contracts declining between 4¼ and 7½ cents. The market struggled to attract buying interest despite a decline in ethanol inventories, while weaker ethanol production and reduced export activity added to concerns surrounding domestic demand. December 2026 corn […]
The US soybean market enters Friday under pressure following a broad decline across futures contracts on Thursday, with most maturities losing between 11 and 14½ cents. The November contract was the exception, slipping just 2 cents ahead of its Friday expiration. Despite the weakness, fresh export demand provided a positive signal. The USDA reported a […]
The US wheat market enters Friday under pressure following a sharp sell-off across all three major futures exchanges on Thursday. Chicago, Kansas City and Minneapolis wheat contracts all recorded double-digit losses, with December Chicago SRW futures falling to a nine-month low as the stronger US dollar and improving global supply prospects weighed on sentiment. The […]
European natural gas prices have climbed above €95/MWh, reaching their highest level in two weeks as colder weather expectations combine with tightening Norwegian pipeline supplies and continued disruption to LNG shipments from the Middle East. The market is entering a more sensitive period as Europe approaches the winter heating season. Colder conditions are forecast across […]
The Japanese yen remained under significant pressure on Friday, trading near the psychologically important 160-per-dollar level after sustained selling throughout the week. The decline has prompted fresh warnings from Japanese authorities, who have indicated that intervention remains an option if currency movements become excessive or disorderly. The latest comments highlight growing concern among policymakers about […]
The US dollar index remained above 103 on Friday, extending a rally that has taken the currency to its highest level since April 2025. The dollar has gained for three consecutive sessions as stronger-than-expected US inflation data and increasingly hawkish Federal Reserve commentary have reinforced expectations of further monetary tightening. The shift in interest-rate expectations […]
Government bond yields moved broadly higher on Friday, reflecting a widespread increase in yields across major sovereign debt markets. New Zealand and Japan recorded the largest gains, with their 10-year government bond yields rising by approximately 9 and 8 basis points respectively. The advance was relatively broad-based, although the US Treasury market moved in the […]
Gold prices are attempting to stabilise above $3,900 per ounce, recovering on Friday after three consecutive sessions of losses. However, the rebound has done little to change the broader market picture, with bullion still heading towards a sharp weekly decline as a stronger US dollar and rising Treasury yields weigh on demand for the precious […]