NZD/USD appreciates as the RBNZ lowered its Official Cash Rate by 25 basis points, as expected. RBNZ’s Hawkesby noted that inflation is in the target…
GBP/USD surges past 1.3500 to a three-year high on strong UK Retail Sales, weak US Dollar The British Pound (GBP) rises sharply against the US…
GBP/USD breaks above 1.3500 and trades near 1.3538, the highest level since February 2022. UK Retail Sales jump 1.2% MoM and 5% YoY in April,…
US Dollar weakness increases demand for the safe-haven Swiss Franc. USD/CHF extends losses after Trump threatens a 50% tariff on imports from the EU, which…
GBP/USD soars to new yearly high as UK inflation surges, BoE rate cuts in doubt The Pound Sterling (GBP) rose to a new year-to-date (YTD)…
UK CPI climbs to 3.6% YoY in April, well above BoE’s 2% inflation target. Core inflation accelerates to 3.8%, raising doubts over future rate cuts.…
The Mexican Peso prolongs its gains to three straight days as the US Congress prepares for voting on Trump’s tax bill. Expectations of strong Mexican…
Gold gains over 1.5% despite firm US yields as markets digest US fiscal downgrade, Fed caution, and global rate cuts. Moody’s downgraded US credit rating…
Mexican Peso appreciates as USD/MXN hovers near 19.30, with traders eyeing Mexico GDP and upcoming US data. Banxico’s Governor maintains a dovish tone, while Mexico’s…
EUR/USD gains sharply to near 1.1270 as the US Dollar has been battered sharply after Moody’s Rating downgraded US Sovereign Credit to Aa1. Traders expect…