GBP/USD backslides after BoE holds rates citing concerns over sustainable inflation

GBP/USD slipped lower on Thursday after the Bank of England (BoE) held rates at 5.25%, citing ongoing concerns about the central bank’s ability to sustainably keep inflation at or below the 2.0% target.

Mexican Peso soars as Sheinbaum ministerial picks fuels market optimism

The Mexican Peso clung to gains against the US Dollar on Thursday after economic data showed the country’s economy remains robust.

US Dollar shurgged off weak data and gains from higher Treasury yields

On Thursday, the US Dollar, as gauged by the Dollar Index (DXY), saw significant strength on the back of rising US Treasury yields.

Canadian Dollar extends recovery on Thursday, claims further ground

The Canadian Dollar (CAD) found some room on the high side on Thursday, adding to the week’s thin gains.

Dow Jones Industrial Average reclaims 39,000 in Thursday resurgence

The Dow Jones Industrial Average (DJIA) is surging upwards on Thursday as investors return to markets with a vengeance following the midweek Juneteenth holiday that shuttered US exchanges on Wednesday.

Australian Dollar backs off ahead of key Judo PMIs

In Thursday's session, the Australian Dollar (AUD) met with some losses against its peers.

Gold glows as prices surge amid elevated US yields and strong US Dollar

Gold prices advanced sharply by more than 1% on Thursday during the North American session as US Treasury bond yields advanced to underpin the Greenback.

GBP/USD falls into familiar lows as Friday looms with key UK data print

GBP/USD is poised for a bumper Friday session. Key UK data is due during the European market session, and US Purchasing Managers Index (PMI) activity surveys set to wrap up the trading week.

Australian Judo Bank PMIs decline as output growth slows on new order declines

Australia's Judo Bank Purchasing Manager Index (PMI) figures declined in June, with both the Manufacturing and Services components chalking in a fall back from previous periods.

Japan's Kanda: Ready to take action if excessive FX move seen

Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said on Friday that he will take necessary action on foreign exchange (FX) if needed Key quotes To take necessary action on foreign exchange if needed.