Key points: New Zealand’s CPI rose 0.4% in Q2, below the forecast of 0.5%. Annual inflation slowed to 3.3%, down from 4.0% in the previous quarter. The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline …
Key points: The dollar showed mixed performance after U.S. retail sales data, with traders eyeing potential Fed rate cuts in September. The New Zealand dollar gained 0.46% to $0.6078 due to higher-than-expected non-tradable inflation. The dollar experienced a mixed performance …
Key Points: Google is in talks to acquire cybersecurity firm Wiz for $23 billion. This comes weeks after Google walked away from a $25 billion deal to acquire HubSpot. The acquisition aims to bolster Google’s cloud-based cybersecurity capabilities. Google (Symbol: …
Key Points: The British pound reached a one-year high. UK growth expanded by 0.4% in May, and US inflation dropped to 3.0% in June. The upcoming interest rate decision by the Bank of England on August 1 could influence the …
Key points The Australian dollar strengthened 0.2% to 106.98 yen, rebounding for the first time in four sessions. The New Zealand dollar also rose 0.2% to 96.11 yen after four sessions of declines. The Australian dollar climbed 0.2% to 106.98 …
Key points Spot gold remained at $2,422.12 per ounce, close to its recent high of $2,449.89. U.S. gold futures slightly dipped by 0.1% to $2,425.60. Gold prices have shown resilience, holding their ground at $2,422.12 per ounce as of 0021 …
The dollar index (DXY) last traded at 104.210 against a basket of major currencies. Despite the holiday in Japan halting cash U.S. Treasuries trading, the 10-year Treasury futures trended lower.
US dollar retreats as cooling inflation fuels rate cut speculation. Euro and pound surge while volatility spikes for yen. More about the market implications and forecasts.
Tech stocks tumbled, leading the Nasdaq Composite to drop 2% as easing inflation data spurred a sell-off. Tech giants lost over $600 billion valuation.
Spot gold prices decreased by 0.2% to $2,407.29 per ounce as of 0049 GMT. Concurrently, U.S. gold futures saw a 0.4% decline to $2,411.20. Learn how the firming dollar, spurred by political uncertainties and an attack on U.S. presidential candidate …
