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Silver Price Forecast: XAG/USD rises above $36.30 amid heightened Middle East geopolitical tensions
The Silver price (XAG/USD) attracts some buyers to around $36.30, snapping the two-day losing streak during the Asian trading hours on Thursday. The weaker US Dollar (USD) and escalating geopolitical tensions in the Middle East provide some support to the white metal.
Fxstreet
Thu, Jun 12
Australia, NZ dollars lose ground as risk sentiment sours
By Wayne Cole SYDNEY, June 12 (Reuters) - The Australian and New Zealand dollars were forced to give ground on Thursday as losses in equity markets soured risk sentiment, preventing them from making gains on a broadly weaker U.S. counterpart.The Aussie dipped 0.2% to $0.6489 AUD=D3, having backed...Reuters
Thu, Jun 12
NZD/USD gathers strength above 0.6000 on softer US CPI data
The NZD/USD pair gathers strength to around 0.6035 during the early Asian session on Thursday. Cooler-than-expected US inflation data and rising bets of a Federal Reserve (Fed) rate cut in September exert some selling pressure on the Greenback.
Fxstreet
Thu, Jun 12
USD/CAD softens near 1.3650 on poor US inflation data, rising bets of Fed rate cut
The USD/CAD pair remains on the defensive around 1.3665 during the early Asian session on Thursday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) due to poor US inflation data and rising bets of a Federal Reserve (Fed) rate cut in September.
Fxstreet
Wed, Jun 11
AUD/JPY Price Forecast: Hits monthly high, retreats below 94.00 as bearish signal emerges
The AUD/JPY failed to clear the 94.00 resistance level and dropped by over 0.56% on Wednesday, following a monthly high of 94.73, after an upbeat risk mood and a weaker-than-expected US inflation report. At the time of writing, the pair traded near 93.90, virtually unchanged.
Fxstreet
Wed, Jun 11
EUR/USD soars on soft US CPI, closes in on 1.1500
The EUR/USD surged during the North American session but remains shy of clearing the 1.1500 figure, following the release of a softer-than-expected inflation report in the United States (US), which could prompt the Federal Reserve (Fed) to reduce borrowing costs in the near term.
Fxstreet
Wed, Jun 11
Bessent says stablecoin bill will boost demand for Treasuries, dollar assets
WASHINGTON, June 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that legislation to create a framework for stablecoins backed by U.S. Treasury debt would help cement the dollar's position as the world's reserve currency and create demand for at least an additional $2 ...Reuters
Wed, Jun 11
FOREX-Dollar fades as US inflation slows; China deal in spotlight
US CPI rises moderately in MayUS-China deals done: 55% tariffs on China, 10% on USUS rate futures see higher chance of rate cut in SeptemberBy Gertrude Chavez-Dreyfuss NEW YORK, June 11 (Reuters) - The U.S. dollar slid on Wednesday after data showed inflation in the world's largest economy ro...Reuters
Wed, Jun 11
CANADA FX DEBT-Canadian dollar holds near 8-month high after benign US inflation data
Loonie trades in a range of 1.3651 to 1.3690Oil settles 4.9% higher on Middle East tensionsBond yields edge lower across the curveBy Fergal Smith TORONTO, June 11 (Reuters) - The Canadian dollar was barely changed against its U.S. counterpart on Wednesday as U.S. consumer prices rose less than ex...Reuters
Wed, Jun 11
Canadian Dollar holds steady amid Greenback weakness
The Canadian Dollar (CAD) is holding close to multi-month highs against the US Dollar (USD) on Wednesday. The Loonie caught a thin boost from declining Greenback bids, with broad-market investor sentiment bolstered by a cooler-than-expected US Consumer Price Index (CPI).Fxstreet
Wed, Jun 11
US Treasury's Bessent says debt ceiling 'X-date' is a moving target
WASHINGTON, June 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that the U.S. government would exhaust remaining borrowing capacity under the federal debt ceiling sometime during the mid-to-late summer.Bessent told a U.S. House of Representatives Ways and Means Committee that...Reuters
Wed, Jun 11
Bessent says Republican tax bill will reclaim US corporate tax sovereignty
WASHINGTON, June 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said that the Republican tax and spending bill under consideration will prevent hundreds of billions of dollars of corporate tax payments from going to foreign governments.Bessent told a U.S. House of Representatives Ways and Mean...Reuters
Wed, Jun 11
