Mexican Peso tanks to four-week low as Banxico reveals quarterly report

The Mexican Peso depreciated sharply against the US Dollar on Wednesday as US Treasury bond yields underpinned the Greenback.

Gold slumps amid strong US Dollar, high US Treasury yields

Gold prices slump on Wednesday amid rising US Treasury yields, boosting demand for the Greenback due to hawkish comments by a Federal Reserve (Fed) official.

Fed's Bostic: Price gain breadth significant, less breadth would add to confidence for cut

Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut.

SNB’s Jordan:There is small upward risk to the central bank’s inflation forecast

Swiss National Bank (SNB) Thomas Jordan said early Thursday that there is a small upward risk to the bank's inflation forecast.

New Zealand 2024 Budget: Treasury sees inflation falling to below 3% in Q3 2024, to 2% around 2026

New Zealand (NZ) Finance Minister Nicola Willis presented the government’s annual Budget report for 2024, with key highlights enlisted below.

New Zealand Dollar remains calm above 0.6100 following NZ Budget 2024

NZD/USD is on the soft side as markets pivot to Thursday’s early Pacific trading session, with the pair drifting into the 0.6100 region as the New Zealand government prepares to release its budget outline for the 2024 fiscal year alongside an updated Fiscal Strategy Report.

Gold price extends losses ahead of US GDP data

Gold price (XAU/USD) trades in negative territory on Thursday, supported by the firmer US Dollar (USD) and higher US yields.

USD/INR extends the rally ahead of US GDP data

Indian Rupee (INR) extends the decline on Thursday. The sell-off in the INR is pressured by the persistent US Dollar (USD) demand from importers and India’s election-related uncertainties.

Forex Today: Markets remain risk-averse ahead of key data releases

Here is what you need to know on Thursday, May 30: Safe-haven flows dominate the financial markets in the second half of the week, allowing the US Dollar (USD) and the Japanese Yen to stay resilient against risk-sensitive currencies.

Australian Dollar weakens as investors adopt caution ahead of key US economic data

The Australian Dollar (AUD) extended its losses, possibly driven by investors adopting a cautious stance ahead of the release of US Gross Domestic Product Annualized (Q1) data on Thursday.