WTI edges higher toward $64.00 on Fed cut hopes and Russia-Ukraine supply risks
West Texas Intermediate (WTI) crude oil traded around $63.95 in early European hours on Monday, recovering some losses as optimism over a Federal Reserve (Fed) rate cut balanced pressure from fresh US tariffs on Indian imports. Market participants now await the American Petroleum Institute’s (API) weekly crude oil stock, due Tuesday, for further direction. Despite […]
AUD/USD climbs toward 0.6550 as US Dollar weakens ahead of key labor data
The AUD/USD pair surged to around 0.6560 in Monday’s European session, supported by broad weakness in the US Dollar (USD). The Greenback continues to lose ground as markets increasingly expect the Federal Reserve (Fed) to cut interest rates at its upcoming policy meeting this month. At the time of writing, the US Dollar Index (DXY) […]