The Japanese yen weakened toward 157 per dollar on Friday, falling to a two-week low despite the Bank of Japan raising its policy rate by 25 basis points to 1.25%. The increase was widely expected and lifted the BOJ policy rate to its highest level since 1995, but investors are now looking beyond the rate […]
US heating oil prices eased to around $5.05 per gallon, retreating from a record high of $5.26 reached earlier this week as rising distillate inventories and potential alternative routes for Middle Eastern crude offered some relief to an exceptionally tight market. The pullback remains limited, however, with US distillate inventories still 13% below their five-year […]
US natural gas futures fell more than 1% on Friday to around $2.85/MMBtu, reversing the previous session’s gains as cooler weather forecasts reduced expectations for late-September cooling demand. The latest forecasts show above-average temperatures covering a smaller portion of the South and Southeast from September 22 through October 1, potentially reducing natural gas demand from […]
The offshore yuan strengthened to around 6.69 per US dollar on Friday, extending gains from the previous session and reaching its strongest level since July 2022 as increasingly firm daily yuan fixings from the People’s Bank of China continued to support the currency. The PBOC set its daily midpoint at 6.7521 per dollar, stronger than […]
The Indian rupee rebounded to around 95.7 per US dollar on Friday, recovering from seven-week lows as easing crude oil prices, expected foreign portfolio inflows linked to the $2.3 billion National Stock Exchange IPO, and likely intervention from the Reserve Bank of India helped support the currency. The rupee’s recovery comes despite continued pressure from […]
Copper futures held above $6.55 per pound on Friday, extending a three-session winning streak as stronger signals from China helped offset concerns about rising exchange inventories and ample near-term availability. The latest move higher has been driven by a combination of stronger Chinese physical demand, long-term consumption expectations from data centers and renewable-energy infrastructure, and […]
Coffee futures extended their weekly losses on Thursday as the market continued to price in the prospect of abundant global coffee supplies, with December arabica falling to a 2.5-month low. December ICE Arabica Coffee closed at -5.05 points, or -1.79%, while November ICE Robusta Coffee fell -39 points, or -1.14%. The bearish pressure has intensified […]
Cocoa futures fell sharply on Thursday, with New York cocoa dropping more than 3% and London cocoa nearly 3% as traders focused on improving near-term supplies, rising Ivory Coast production and elevated ICE inventories. The sell-off comes despite significant longer-term concerns over West African crop quality, Ghanaian production and potential El Niño-related supply disruptions. December […]
Sugar futures tumbled to three-week lows on Thursday, with NY sugar falling more than 3% and London white sugar dropping nearly 3% as weak physical demand triggered long liquidation. The sell-off comes despite growing forecasts for a global sugar deficit in 2026/27 and mounting production risks across Brazil, India and Thailand. October NY World Sugar […]
Cotton futures fell sharply across the board on Thursday, with front-month contracts losing more than 200 points as weak new-crop export sales, lower benchmark prices and a decline in crude oil added pressure to the market. Cotton futures posted losses across the board, with front-month contracts declining between 179 and 219 points. Crude oil fell […]