Australian Dollar remains subdued as US Dollar corrects upwards

Australian Dollar remains subdued as US Dollar corrects upwards

The Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday, losing its daily gains. However, the AUD/USD pair appreciated as the AUD received support from improved market sentiment amid progress on a United States (US)-Australia trade agreement.

EUR/USD: Likely to consolidate on the day – OCBC

EUR/USD: Likely to consolidate on the day – OCBC

Euro (EUR) traded subdued in absence of fresh catalyst. CPI picked up to 2.2% y/y but well within consensus. Pair was last at 1.1752 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Fed’s Goolsbee warns against series of rate cuts

Fed's Goolsbee warns against series of rate cuts

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump’s newly-minted Fed plant Stephen Miran.

Dow Jones Industrial Average extends declines from record highs

Dow Jones Industrial Average extends declines from record highs

The Dow Jones Industrial Average (DJIA) followed the broader market lower on Wednesday, shedding 270 points at its lowest. Investors are taking profits and trimming their exposure to the AI-fueled tech rally ahead of the latest US employment figures and inflation data.

WTI rises above $63.20 amid geopolitical risks

WTI rises above $63.20 amid geopolitical risks

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday. The WTI rises amid escalating geopolitical tension in Europe and the Middle East.

Crude Oil price today: WTI price bearish at European opening

Crude Oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.38 per barrel, down from Wednesday’s close at $63.63.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.28 after its previous daily close at $67.53.

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