- S&P Futures
4,191.75 +0.03% - Dow Futures
32,921.00 -0.18% - Nasdaq Futures
14,287.00 -0.09% - Russell 2000 Futures
1,754.50 +0.15% - Crude Oil
68.25 +0.23% - Gold
1,977.10 -0.25% - Silver
23.55 -0.16% - EUR/USD
1.0705 +0.13% - 10-Yr Bond
3.6540 +0.47% - Vix
17.39 -3.07% - GBP/USD
1.2475 +0.29% - USD/JPY
139.2140 -0.05% - Bitcoin USD
26,909.77 -0.68% - CMC Crypto 200
599.28 -2.41% - FTSE 100
7,477.66 +0.42% - Nikkei 225
31,148.01 +0.84%
- Reuters
INDIA RUPEE-Indian rupee posts biggest single-day gain in two months on strong growth data
The Indian rupee saw its best single-day gain in two months on Thursday, and also rose to a two-week high during the session, following strong domestic growth data, which prompted traders to square off long dollar positions. Consistent flows into equities coupled with strong economic data is supporting the rupee, said Dilip Parmar, a research analyst at HDFC Securities. India's economic growth accelerated to 6.1% in the March quarter, higher than what economists had expected, confirming that the country remains one of the fastest growing emerging economies.
- Reuters
FOREX-Dollar rises as U.S. debt bill passes House, euro slides ahead of inflation
The dollar rose on Thursday after a vote of approval from the U.S. House to suspend the debt ceiling, though the greenback drifted from a two-month high as investors trimmed bets the Federal Reserve will raise interest rates this month. The euro fell ahead of euro zone inflation data due at 0900 GMT, which is expected to show price pressure in the block has eased. A divided U.S. House of Representatives on Wednesday passed a bill to suspend the $31.4 trillion debt ceiling, and the focus now turns to how it will fare in the Democratic-led Senate just days before the federal government is expected to run out of money to pay its bills.
- CoinDesk
Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform
The debt sale was the first of its kind for the French sustainable agriculture business.
- Yahoo Finance UK
How long should you keep a property before selling?
How long you should stay living in a property if you want to maximise your return, according to the experts.
- Reuters
Indian rupee posts biggest single-day gain in two months on strong growth data
The Indian rupee saw its best single-day gain in two months on Thursday, and also rose to a two-week high during the session, following strong domestic growth data, which prompted traders to square off long dollar positions. Consistent flows into equities coupled with strong economic data is supporting the rupee, said Dilip Parmar, a research analyst at HDFC Securities. India's economic growth accelerated to 6.1% in the March quarter, higher than what economists had expected, confirming that the country remains one of the fastest growing emerging economies.
- Reuters
Euro steadies after Lagarde promises rate hike as inflation still too high
The euro held its ground on Thursday, above a two-month low, after European Central Bank (ECB) President Christine Lagarde said inflation remains too high and further policy tightening was necessary. But the current level is still more than three times the ECB's 2% inflation target. "Today, inflation is too high and it is set to remain so for too long," Lagarde said in a speech.
- Reuters
Euro steadies after Lagarde promises rate hike as inflation still too high
The euro held its ground on Thursday, above a two-month low, after European Central Bank (ECB) President Christine Lagarde said inflation remains too high and further policy tightening was necessary. But the current level is still more than three times the ECB's 2% inflation target. "Today, inflation is too high and it is set to remain so for too long," Lagarde said in a speech.
- Investing.com
Asia FX inches higher on bets of Fed pause, debt ceiling progress
Investing.com -- Most Asian currencies advanced on Thursday, while the dollar inched lower tracking comments from Federal Reserve officials touting a potential pause in the rate hike cycle in June.
- FX Empire
USD/JPY Forecast – US Dollar Finding Buyers Against the Yen
The US dollar initially fell during the trading session on Wednesday, as it looks like we are getting a little heavy. However, we have seen buyers come back again.
- FX Empire
GBP to USD Forecast – British Pound Pulls Back to Support
The British pound has initially tried to rally during the day on Wednesday but turned around to show signs of life at the 1.2350 level.
- FX Empire
GBP/JPY Forecast – British Pound Pulls Back Against Japanese Yen
The British pound has fallen rather hard against the Japanese yen during the Wednesday session.
- FX Empire
EUR/USD Forecast – Euro Is Testing the 200-Day EMA
The euro fell rather hard during the course of the trading session on Wednesday, as we are testing the 200-Day EMA.
- FX Empire
AUDUSD Forecast – Aussie Dollar Continues to Show Weakness
The Aussie dollar initially tried to rally during the trading session on Wednesday but gave back gains as we continue to see a lot of negativity out there.
- Reuters
Sterling firmest vs euro since December on signs European inflation cooling
Sterling hit a 5-1/2 month high against the euro on Wednesday after data showing lower inflation in major European markets, but fell against the dollar as investors eyed Bank of England rate expectations for the pound's direction. The euro dropped to as low as 86.27 pence, its weakest since Dec. 15, and was last trading down 0.2% at 86.32 pence after inflation data from France and several major German states came in under expectations. More broadly, investors were looking at expectations for the Bank of England's main interest rate for indications about where the pound trades from here.
- Reuters
Home prices may slump in euro zone as rates rise, ECB says
Home prices in the euro zone may be headed for a "disorderly" decline as high mortgage rates make purchases unaffordable for households and unattractive for investors, the European Central Bank (ECB) said on Wednesday. It was one of several risks flagged in the ECB's Financial Stability Review (FSR, along with higher borrowing costs and slower growth hurting companies and households and, in turn, casting a shadow on traditional lenders and shadow banks. The ECB has been raising interest rates from record lows since July in a bid to fight inflation, and looks set to continue doing so in coming months.
- Reuters
FOREX-Aussie slides with yuan after weak China data, yen soars
The Australian and New Zealand dollars declined along with the yuan on Wednesday after a surprise deterioration in Chinese factory activity stoked worries about the country's sputtering post-pandemic recovery. Traditional safe-haven currencies the dollar and yen outperformed the euro and sterling. The yen received additional support after Japan's top currency diplomat warned on Tuesday that officials were watching the currency closely following its slide to a six-month low, which has raised the spectre of intervention.
- Bloomberg
Yen Intervention Warnings Are Early, Focus Still on Pace of Drop
(Bloomberg) -- Warnings of official intervention may have come earlier than some yen watchers expected, but just like last year they are focusing on the pace of declines in the Japanese currency rather than any specific levels.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Fami
- Yahoo Finance UK
Have Zoom calls affected our ability to communicate in-person?
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- Reuters
Rupee shrugs off dollar's strength thanks to key support
The Indian rupee on Wednesday was unmoved by the U.S. dollar's Chinese yuan-fuelled strength, helped by the possible dollar inflows and an important support level. The rupee was at 82.64 against the U.S. dollar by 10:52 a.m. IST, compared to 82.71 on Tuesday. This is despite a further decline in the yuan, which pushed other Asian currencies lower and boosted the dollar against its major peers.
- Reuters
FOREX-Dollar sags versus yen after Japan warning; Aussie slides on China data
The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Australian dollar rode a rollercoaster after it jumped on heated local inflation data only to be dragged lower moments later by more signs of a slowdown in China, a major trading partner. "We have to remember that the Aussie is a pro-growth currency, strongly linked to the outlook for commodities, and we've seen commodities under pressure of late," said Rodrigo Catril, senior foreign-exchange strategist at National Australia Bank.
- Investing.com
Asia FX dips, yuan hits 6-mth low as Chinese economic rebound slows
Investing.com -- Most Asian currencies fell on Wednesday, with the Chinese yuan trading at a six-month low on more signs of a slowing economic recovery in the country, while the dollar firmed ahead of a vote to raise the U.S. debt ceiling.
- Investing.com
Australia CPI inflation beats expectations in April, feeds RBA hawks
Investing.com -- Australian consumer price index inflation rose more than expected in April amid stubbornly high fuel and housing prices, likely inviting more interest rate hikes by the Reserve Bank in the coming months.
- Reuters
Canadian dollar dips as oil prices fall more than 4%
The Canadian dollar edged lower against its U.S. counterpart on Tuesday as a drop in oil prices offset optimism that a deal to raise the U.S. debt ceiling would be passed by Congress. The loonie was trading 0.1% lower at 1.36 to the greenback, or 73.53 U.S. cents, after moving in a range of 1.3568 to 1.3613. "Under the hood, in terms of the fundamentals, you have got yield spreads giving it support and then weaker oil prices moving against it," said Eric Theoret, global macro strategist at Manulife Investment Management.
- Yahoo Finance Video
China's weak economic recovery continues to worry U.S. investors
Yahoo Finance Live's Rachelle Akuffo discusses China's economy amid the country's COVID recovery, as well as Elon Musk and Jamie Dimon visiting China this week.
- FX Empire
USD/JPY Forecast – US Dollar Pulls Back
The US dollar has pulled back a bit against the Japanese yen, giving back some of the monster run we have seen recently.
