US Dollar sees ISM setting record straight for this week

The US Dollar (USD) edges higher for a second day on Wednesday, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, still negative in the week after Monday’s meltdown. Although the JOLTS Job Openings

Mexican Peso continues rising after Finmin reassures markets

The Mexican Peso (MXN) recovers by more than one percent in its most traded pairs on Wednesday, after the Mexican Finance Minister, Rogelio Ramírez de la O, steps in to prevent a further depreciation of the Peso following the 5.0% election-related decline on Monday and Tuesday.

BoC's Macklem: Confidence on inflation returning to 2.0% remains in place

There is universal anticipation that the Bank of Canada (BoC) will reduce its policy rate by 25 bps at its upcoming gathering on Wednesday, June 5.

Dow Jones Industrial Average pivots in place after Wednesday's mixed US data

The Dow Jones Industrial Average (DJIA) is treading water on Wednesday, grappling with 38,750.00.

Canadian Dollar flattens after BoC rate cut

The Canadian Dollar (CAD) backslid against the US Dollar (USD) during Wednesday’s US market session, briefly sending USD/CAD to a near-term high of 1.3740 before markets faded the move back to the 1.3700 handle.

Mexican Peso strengthens and extends recovery after Election slide

The Mexican Peso stages a recovery against the US Dollar, printing gains of more than 1.50% on Wednesday following Mexican Finance Minister Rogelio Ramirez de la O’s press conference on Tuesday that attempted to calm the financial markets.

US Dollar tallied gains, eyes on additional labor market data

On Wednesday, the US Dollar Index (DXY) extended its gains despite mixed signals about the US economy.

Gold shines bright as soft US ADP report ignites rate cut expectation

Gold’s price remains range-bound and advanced on Wednesday, making a U-turn to Tuesday’s price action following the release of mixed US economic data that could warrant lower borrowing costs set by the US Federal Reserve (Fed).

Australia’s Trade Surplus widens to 6,548M MoM in May vs. 5,500M expected

Australia’s trade surplus widens to 6,548MM MoM in May versus 5,500M expected and 5.024M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.

BoJ's Nakamura: Inflation may not reach 2% from FY 2025 on if consumption weakens

The Bank of Japan (BoJ) board member Toyoaki Nakamura said on Thursday that based on current data, it is appropriate to maintain policy intact for the time being, per Reuters.