The U.S. central bank, to President Donald Trump's chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that's not to say there won't be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs. The majority of Fed policymakers, though, remain concerned that Trump's tariffs could undo progress on bringing inflation back to the central bank's 2% goal, outweighing for now worries about the labor market. The trade deal struck between the U.S. and Japan last week, with tariffs set at...
EUR/USD has fallen to just above 1.1400 on Wednesday, as the US dollar strengthened following headlines that US and Chinese representatives have reached a framework to reduce trade tariffs. The deal must now be approved by US President Donald Trump and Chinese Premier Xi Jinping, and details are scant, leading to a lukewarm market reaction so far. Investors greeted the news with skepticism, as it leaves tariffs in place, albeit at a lower level, and offers little assurance about their sustainability. The currency pair's reaction remained confined to the same range between 1.1375 and 1.1455...
Silver (XAG/USD) prices traded in a tight range around $36.50 during European trading hours on Wednesday (6/11). The white metal consolidated as investors await the US Consumer Price Index (CPI) data for May, due to be released at 12:30 GMT. Economists expect US headline inflation to accelerate to 2.5% annually, compared to 2.3% in April. In the same period, core CPI – which excludes volatile food and energy prices – grew by 2.9%, faster than the previous release of 2.8%. On a monthly basis, headline and core CPI are expected to grow by 0.2% and 0.3%, respectively. The scenario of rising...
The British pound (GBP) is trading lower near 1.3480 against the US Dollar (USD) during European trading hours on Wednesday (6/11). The GBP/USD pair weakened as the US Dollar traded broadly steady ahead of the US Consumer Price Index (CPI) data for May, due to be released at 12:30 GMT. The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, edged up near 99.15. Investors will be watching US inflation data as it will influence market expectations on the Federal Reserve's (Fed) monetary policy outlook. As measured by the CPI, headline inflation is...
Silver prices slipped below $36.50 per ounce on Wednesday, extending losses for a second consecutive session as investors awaited the latest US CPI report. A stronger-than-expected reading could weigh on precious metals by limiting the Federal Reserve's scope for interest rate cuts. Markets also digested the outcome of US–China trade talks in London, where officials agreed on a framework to implement the Geneva consensus and reaffirmed commitments made during a recent call between Presidents Trump and Xi. Despite recent pullbacks, silver continues to find underlying support from robust...
Gold prices rose on Wednesday as uncertainty surrounding the finalisation of a U.S.-China trade agreement weighed on sentiment and fuelled some safe-haven buying, with investors awaiting key U.S. inflation data for further market direction. Spot gold gained 0.5% to $3,337.99 an ounce, as of 0544 GMT. U.S. gold futures rose 0.5% to $3,359.20. U.S. and Chinese officials said on Tuesday they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths, following two days of negotiations in London, with both sides planning to seek...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President Donald Trump announced Sunday while in Scotland.
The...