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US Dollar Index weakens to near 99. 00 on US-Iran peace deal hopes
16+ min ago (474+ words) The US'Dollar Index (DXY), an index of the value of the'US Dollar (USD) measured against a basket of six world currencies,'currently trades near 99. 05 during the Asian trading hours on Monday. The DXY loses momentum as the prospect of a…...
New Zealand Dollar inches lower as NZIER backs steady OCR
26+ min ago (380+ words) NZD/USD depreciates after opening at a higher level from the previous close, still remaining in the positive territory and trading around 0. 5870 during the Asian hours on Monday. The New Zealand Dollar struggles against the US Dollar (USD) after a…...
AUD/USD Forecast: Tests 200-SMA on H4, above 0. 7150 amid weaker USD
37+ min ago (545+ words) The AUD/USD pair opens with a modest bullish gap at the start of a new week and sticks to intraday gains above mid-0. 7100s through the Asian session. The latest optimism over a potential US-Iran peace deal undermines the safe-haven US…...
British Pound gains ground above 1. 3450 on US'Iran progress
58+ min ago (398+ words) The GBP/USD pair gains traction to near 1. 3480 during the early Asian session on Monday. The US Dollar (USD) weakens against the British Pound (GBP) as the United States (US) and Iran signal peace progress. Trading volumes are expected to…...
Silver Price Forecast: XAG/USD holds gains near $78. 50 on US-Iran deal optimism
1+ hour, 1+ min ago (333+ words) Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78. 50 per troy ounce during the Asian hours on Monday. Non-yielding assets, including Silver, are receiving support from increasing optimism over a potential US-Iran agreement, which…...
PBOC sets USD/CNY reference rate at 6. 8318 vs. 6. 8373 previous
32+ min ago (257+ words) On Monday, the People's Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6. 8318 compared to Friday's fix of 6. 8373 and 6. 7880 Reuters estimate. EUR/USD remains on the back foot and hovers around the 1. 1600 region…...
Canadian Dollar edges higher vs USD; Oil slump caps gains
1+ hour, 10+ min ago (519+ words) The USD/CAD pair kicks off the new week on a weaker note, eroding a part of Friday's strong gains to the 1. 3825 region, or the highest level since April 13. Spot prices, however, lack follow-through selling and stabilize around the 1. 3800 round…...
Japanese Yen edges higher to near 159. 00 as US, Iran signal peace progress
1+ hour, 56+ min ago (298+ words) The USD/JPY pair declines to near 158. 90 during the early Asian session on Monday. Progress in talks between the United States (US) and Iran to bring an end to the Middle East conflict drags the US Dollar (USD) against the…...
Gold Forecast: XAU/USD looks to regain $4, 600 on US-Iran peace deal prospects
1+ hour, 52+ min ago (540+ words) Gold'is staging a solid comeback in early Asia on Monday, recapturing the $4, 550 barrier on its way to $4, 600, while reversing last week's decline. The US Dollar (USD) is wilting on fresh hopes for a peace deal between the United States (US)…...
Lagarde speech: ECB set to upgrade its inflation forecast in June
2+ hour ago (303+ words) In an Italian talkshow'Che Tempo Che Fa'on Sunday, the'European Central Bank (ECB) President Christine Lagarde said that the central bank is likely to raise the inflation forecast at its monetary policy meeting next month. A March projection that foresaw price…...
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