Key points: The Australian dollar surged to a six-month peak while the New Zealand dollar dropped amid changing rate cut expectations. Market volatility driven by U.S. inflation data impacted the Australian and New Zealand dollars differently. The Australian dollar held …
Silver prices rose slightly above $31 per ounce, maintaining sideways as the markets anticipate key US inflation data. Learn how a supply deficit in 2024 will hit the momentum.
AAPL becomes the first company to close above a $3.5 trillion valuation. Learn about the AI strategy of Apple and what the recent stock price surge means for the market.
The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.
Key points Wheat futures increase by 0.31% after a 1.83% drop. Corn futures rise 0.49% following a two-week low. Soybean futures edge up 0.14%, rebounding from their lowest since November 2020. Chicago wheat, corn, and soybean futures showed a slight …
CNH slid to an eight-month low against the US dollar due to weak inflation data and a rebound of the greenback. Read about the market implications and outlook.
Key points: Oil prices decrease as US Gulf supply concerns ease Weak inflation data from China pressures oil prices Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted persistently weak consumer demand in …
Nasdaq and S&P 500 soar to fresh records on optimism sparked by a cooling labor market. Upcoming CPI data and Powell’s speech could influence future rate cuts.
Key points: Federal Reserve Chair Jerome Powell’s cautious tone influences the dollar’s rebound. New Zealand dollar weakens as central bank expresses confidence in inflation control, hinting at policy easing. Dollar firms on Powell’s caution See: Dollar index trading at 104.768 …
Wheat and soybean prices steadied after sharp declines as better-than-expected crop conditions are reported. Read more for the forecast and trading opportunities.
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