Limited options ahead of UK’s autumn budget given tight borrowing headroom and political pressures. Government likely wants to wait for accurate OBR estimates as well…
Bullion retreats from two-week high as US House passes debt-heavy budget. A strong US Dollar and firmer US S&P PMIs dent safe-haven appeal. Geopolitical risks…
NZD/USD drifts lower as NZ’s fiscal restraint lifts bets for more rate cuts by the RBNZ. US fiscal concerns and Fed rate cut bets undermine…
20-year bond auction sees poor demand, yield jumps to 5.047%, highest since November 2023. Moody’s downgrade and looming tax bill stoke fears over US fiscal…
NZD/USD attracts some sellers to around 0.5930 in Thursday’s early Asian session, down 0.10% on the day. The renewed trade tensions between the US and…
Moody’s cuts US debt rating, igniting US Dollar selloff and boosting EUR/USD. Euro gains despite light data flow as ECB and Fed speeches guide sentiment.…
The United States (US) House of Representatives is poised to begin casting votes on the Republican party’s tax and budget bill that is front-loaded with…
US stocks descend for second day in a row on Wednesday. House Republicans agree to $40K cap on SALT deduction. Jamie Dimon’s pessimism sinks in…
Japanese media Asahi reported on Thursday that the Japanese government is considering what actions to take over the new tariffs, including an extra budget. Prime…
UK inflation dips to 2.8%, fueling BoE rate cut bets despite cautious central bank messaging. Reeves’ Spring Budget delivers £7bn in cuts, sticking to fiscal…