US Dollar lost ground on Monday, eyes on labor market data

On Monday, the US Dollar Index (DXY) continued its decline toward the 104.15 area mainly due to the Institute of Supply Management (ISM) PMI report for May.

Mexican Peso plummets more than 4% in the aftermath of Morena’s victory

The Mexican Peso plunges against the US Dollar during the North American session following Dr.

Gold prices soar as US business activity slows, reignites Fed rate cut hopes

Gold climbed more than 0.80% after US Treasury bond yields dropped following the release of mixed data from the United States (US), increasing hopes that the US Federal Reserve might ease policy.

Japan’s Suzuki: Intervention late April/early May a response to speculation

Japanese Finance Minister Shunichi Suzuki said on Tuesday that foreign exchange (FX) intervention had effects to some effects, adding that the central bank will continue to respond appropriately when asked about forex.

BoJ’s Himino: Needs to watch potential impact of easy monetary policy on economy

Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Tuesday, “when easy monetary policy lasts for an extremely long period of time, policymakers must be vigilant to the potential impact it has on the economy's productivity, potential growth.” Additional quotes Firms will likely have more freedom in setting prices flexibly when prices, wages are rising moderately in tandem.

Gold price struggles to gain ground, downside potential seems limited

Gold price (XAU/USD) struggles to capitalize on the previous day's goodish bounce from the $2,315-$2,314 area, or over a three-week low and oscillates in a narrow trading band during the Asian session on Tuesday.

USD/INR jumps as Modi lead far narrower than expected in 2024 India's election

Indian Rupee (INR) trades with mild losses on Tuesday despite the softer US Dollar (USD).

Silver price Tuesday: Silver declines, according to FXStreet data

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.

Japanese Yen appreciates due to risk-on mood, while US Dollar remains stable

The Japanese Yen (JPY) extends its gains for the second successive session on Tuesday due to risk-on sentiment.

Stock Market Today: Nifty crashes 6% on Tuesday as Modi fails to garner a landslide victory

Nifty 50, India’s key benchmark index, opened 1% lower on Tuesday, reversing Monday’s over 3% rally.