Wheat Prices Under Pressure as Black Sea Ceasefire Talks and European Crop Outlook Weigh on Market
Commodities, Technical Analysis
Wheat Prices Under Pressure as Black Sea Ceasefire Talks and European Crop Outlook Weigh on Market
Wheat futures are under pressure across the major US markets, with Chicago SRW, KC HRW and Minneapolis spring wheat all facing selling pressure as traders balance geopolitical uncertainty against improving supply expectations. December Chicago SRW is around $7.08½ per bushel, while December KC HRW is near $7.71¾ and December Minneapolis spring wheat is around $7.29¾. […]
by Currency Hedger
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- 2 weeks ago
KRW, Market Analysis, Technical Analysis
South Korean Won Slides Toward 1,370 as US Yield Surge and $103 Oil Hit Currency
The South Korean won is weakening toward 1,370 per US dollar, reversing its recent rebound as a sharp rise in US Treasury yields strengthens the dollar and higher oil prices increase concerns over Korea’s import costs. The US 10-year Treasury yield has climbed to its highest level since July 2007, while stronger-than-expected US economic data […]
by Currency Hedger
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- 2 weeks ago
China 10Y Yield Holds at 2025 Low
China’s 10-year government bond yield fell to around 1.67% on Thursday, remaining near its lowest level since July 2025, even as uncertainty over the extension of the US-China trade truce persisted. US Treasury Secretary Scott Bessent said the US and China had agreed to extend the truce by two months through January 10. However, China […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Copper Retreats From Record High as Mine Disruptions Tighten Supply and AI Demand Builds
Copper futures are trading below $6.70 per pound, pulling back from record levels as a stronger US dollar and rising Federal Reserve rate expectations temporarily weigh on the metal. The retreat comes against an increasingly tight physical supply backdrop. The suspension of operations at BHP’s Escondida mine in Chile following the death of a worker […]
by Currency Hedger
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- 2 weeks ago
Commodities
Palm Oil Rebounds on Firmer Dalian, India Duty Cuts
Malaysian palm oil futures strengthened, hovering near MYR 4,790 per tonne after recent declines, boosted by a weaker ringgit, firmer edible oils on the Dalian market, and India’s decision to cut basic import duties on crude and refined vegetable oils ahead of the September–November festive season, in an effort to curb domestic food inflation. Supply […]
by Currency Hedger
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- 2 weeks ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee Slides Toward 96 as Oil Surge, US Yields and Foreign Outflows Increase Pressure
The Indian rupee is trading around 95.8 per US dollar, extending its decline as higher crude oil prices, a stronger US dollar and rising US Treasury yields combine to increase pressure on the currency. The immediate challenge for the rupee is the renewed rise in energy prices. Brent crude has reclaimed the $100-per-barrel level, increasing […]
by Currency Hedger
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- 2 weeks ago
U.S.–China Trade Truce Extended to January 10
Washington confirmed the U.S.–China trade truce will run until January 10, 2027, extending tariff relief and rare-earth flows beyond the November expiry. Treasury Secretary Scott Bessent announced the move Wednesday as China’s leader Xi Jinping arrived for a state visit, noting Beijing must deliver more commitments. The moratorium, first struck by Xi and Trump in […]
by Currency Hedger
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- 2 weeks ago
EU Car Registrations Rise 4.5% in August
EU passenger car registrations increased 4.5% year-on-year to 708.2 thousand units in August 2026, marking the seventh straight month of growth and accelerating from 3.0% growth in July. The market continued to benefit from robust consumer demand for a range of electrified vehicles, driven primarily by market support measures and a broader model offering. The […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Prices Rebound as Hormuz Disruption Raises Winter Supply Risks
European natural gas prices are rebounding toward €74/MWh as uncertainty surrounding the Middle East continues to keep global LNG supply risks firmly in focus. The market is recovering from a three-week low as traders assess whether diplomatic efforts can reopen the Strait of Hormuz, a critical route for LNG and energy shipments from the Persian […]
by Currency Hedger
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- 2 weeks ago
Australia Jobless Rate Highest Since 2021
Australia’s seasonally adjusted unemployment rate inched up to 4.6% in August, surpassing both market expectations and July’s figure of 4.5%. It was the highest since November 2021, as the number of unemployed increased by 28,200 to a five-year high of 722,900 from 694,700 in July, with the number of part-time employees increasing by 12,500 to […]
by Currency Hedger
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- 2 weeks ago