The Canadian Dollar (CAD) lurched into fresh eight-month highs against the US Dollar (USD) on Thursday, pushing the USD/CAD pair to its lowest levels since last October and testing the 1.3600 region.
The Dow Jones Industrial Average (DJIA) caught a bullish bid on Thursday, bolstered by better-than-expected Producer Price Index (PPI) inflation data for May.
Gold price rallies for the second straight day, shy of testing the $3,400 figure following the release of softer inflation and jobs data in the United States (US) as geopolitical tensions grow in the Middle East. The XAU/USD trades at $3,386 at the time of writing.
The Japanese Yen (JPY) and the US Dollar (USD) share a complex relationship, with the interests of the two global powerhouses intertwined in the USD/JPY pair.
Trump Official's (TRUMP) bulls are losing grip as the meme coin approaches support at $10.00 at the time of writing on Thursday.
During a press conference, US President Donald Trump revealed that Iran must negotiate tougher and added that he’d love to avoid a conflict with Tehran. He commented that an Israeli strike could happen but added, “I don’t want to say Israeli strike is imminent.”
Ripple (XRP) continues to lose ground, signaling a decline in interest in the broader cryptocurrency market.
GBP/USD extended its gains on Thursday following the release of another inflation report in the United States (US), which increased the odds that the Federal Reserve (Fed) could resume its easing cycle sooner than expected.
The volatility surrounding the New Taiwan Dollar (TWD) remains extremely high as investors assess trade-related news against the exposure of Taiwan’s life insurance companies’ to US Dollar(USD)-denominated assets.
The One Big Beautiful Bill contains many worrying aspects that further increase the debt level, without a strong economic impulse. Beyond the headline tax cuts, it also contains some proposals for various taxes, such as Section 899, that look an awful lot like capital controls.
West Texas Intermediary (WTI) is trading lower in the American session on Thursday, erasing a portion of gains from the prior session.
The Indian Rupee (INR) recovers some of the initial losses against the US Dollar (USD) ahead of the American session on Thursday as markets digest the latest release of the US Producer Price Index (PPI) report for May.
Tether Group, the issuer of the world’s largest stablecoin USDT through its affiliate Tether Investments, has completed the acquisition of a 32% stake in Elemental Altus Royalties Corp. (Elemental).
US citizens filing new applications for unemployment insurance climbed to 248K for the week ending May 31, as reported by the US Department of Labor (DOL) on Thursday. This print came in above the initial estimates and matched the previous week's revised tally.
The most recent statistics from the Bureau of Labour Statistics (BLS) show that Producer Prices increased by 2.6% in May compared to the previous year. The figure was in line with forecasts but a tad higher than April’s 2.4% growth.
The vice-president of the European Central Bank, Luis de Guindos, said that the bloc’s economy had proven resilient but faced a number of risks, such as tariffs, that could curb growth.