Asian Shares and US Futures Fall on Tech Losses Asian shares fell alongside European and US stock-index futures after Micron Technology Inc.’s sales outlook missed the highest forecasts, impacting major tech companies in late Wall Street trading. Stocks in Japan,
Australian Dollar Rises as Higher Inflation Lowers RBA Rate Cut Odds The Australian Dollar (AUD) has gained traction following the release of May’s Monthly Consumer Price Index (CPI), which came in higher than expected. This persistently high inflation poses a
Economists Boost China Growth Forecasts Amid Improved Exports The outlook for China’s exports is expected to improve, supporting growth in the world’s second-largest economy even as consumer spending slows, according to a Bloomberg survey of economists. Exports are forecasted to
NZD/USD Drops to Near 0.6100 Amid Risk Aversion and Consumer Confidence Concerns The NZD/USD pair extends its losses for the second consecutive session, trading around 0.6110 during the Asian session on Wednesday. The New Zealand Dollar (NZD) is struggling, possibly
Gold Price Dips Amid Cautious Federal Reserve Comments Gold prices (XAU/USD) are seeing a rise in Tuesday’s trading, maintaining a positive trajectory despite a downtrend in the U.S. dollar. This uplift in gold is somewhat constrained by recent remarks from
25-Year Yen Weakness Crisis Hits Tokyo Hard Currency traders expecting a rebound in the yen should be cautious and consider insights from experienced policy veterans rather than solely relying on current officials. Over the past year, the yen has hit
Asian Stocks Climb Following Wall Street, Nvidia Falls Amid Cooling AI Hype Asian stocks experienced a rise on Tuesday, even as mixed results were observed on Wall Street, primarily due to a further decline in Nvidia amid cooling enthusiasm for
Australian Dollar Falls Despite RBA’s Hawkish Outlook The Australian Dollar (AUD) continued its downward trend for the third consecutive session on Monday, yet there are indications that the decline in the AUD/USD exchange rate might be moderated by the monetary
Chinese Economy Poised for Growth Despite Challenges China’s economy is set to continue its growth trajectory this year, bolstered by significant untapped potential in rural consumption, manufacturing, and further economic liberalization, as reported by the World Economic Forum. Chen Liming,
USD/CAD Nears 1.3700 as Fed Postpones Rate Cut The USD/CAD pair arrested a six-day downtrend, trading near the 1.3700 mark in Monday’s Asian trading session, buoyed by robust U.S. economic data from the previous Friday. The uplift in the U.S.
Australian Dollar Rises on Strong PMI Data and Softer US Dollar The Australian Dollar (AUD) saw mild gains during Thursday’s Asian session, edging higher following the release of the Australian Judo Bank PMI report. The report indicated that business activity
Japan’s Demand-Driven Inflation Slows, Obscuring BOJ Rate Hike Outlook Japan’s core inflation saw an uptick in May due to increased energy levies, but an index that removes the impact of fuel continued to decline for the ninth consecutive month, as