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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 […]
Japanโs 10-year government bond yield slipped to around 2.95% on Friday, extending its decline into a third session after the Bank of Japan raised its policy rate by 25 basis points to 1.25% in a widely expected move, the highest level since 1995. Investors will now watch for signals on further tightening as policymakers navigate […]
Australiaโs 10-year government bond yield fell below 5.3%, pulling back from mid-2011 highs and tracking lower global yields as easing concerns over Middle East supply disruptions reduced inflation pressures. Oil prices retreated after Saudi Arabia worked to restore flows through its East-West pipeline, while President Trump is set to meet Gulf leaders next week. In […]
US natural gas futures fell more than 1% on Friday to around $2.85/MMBtu, reversing the previous sessionโs 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 yield on the US 10-year Treasury note held around 4.94% on Friday after losing almost 10 basis points in the previous session, retreating from 19-year highs as softer oil prices eased inflation concerns. Oil prices fell for a third consecutive session as Saudi Arabia took steps to resume flows through its East-West pipeline, while […]
The New Zealand dollar slipped to around $0.571 on Friday, moving back near a ten-week low after rising 0.3% in the previous session, as a firmer US dollar continued to weigh on the currency. The greenback clung to a seven-week high after the Federal Reserve hiked rates and signaled further tightening ahead. This outweighed support […]
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 Bank of Japan lifted its key short-term rate by 25bps to 1.25% in a 7-2 vote at its September meeting, marking the highest level since April 1995 and in line with market expectations. The hike, the first in three months, reflected persistent inflationary pressures, including those stemming from higher oil prices, and marked another […]
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 […]
