News
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Forex
USD/INR strengthens on US Dollar bids from foreign banks
The Indian Rupee (INR) edges lower on Wednesday. The US Dollar (USD) bids from foreign banks, likely on behalf of custodial clients, and the weaker Chinese Yuan weigh on the Indian currency. Additionally, a decline in local equities and a rise in crude oil prices also undermine the INR.Fxstreet
Wed, May 21
Stocks
Japanese shares little changed after recent gains; Mizuho surges
By Rocky Swift TOKYO, May 21 (Reuters) - Japanese shares were little changed on Wednesday after recent gains, with traders looking for cues after the corporate earnings season.Mizuho 8411.T surged 4.3%, leading banks higher after announcing a plan to shed cross-shareholdings, while Tokio Marine H...Reuters
Wed, May 21
Indices
US Dollar Index falls toward 99.50 as Fed officials express economic concerns
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is extending its losses for the third successive session and trading lower at around 99.70 during the Asian hours on Wednesday.Fxstreet
Wed, May 21
Commodities
GRAINS-Wheat hits 1-month high on soft dollar, crop concerns, and short-covering
CANBERRA, May 21 (Reuters) - Chicago wheat futures climbed to a one-month high on Wednesday, supported by a soft dollar, concerns over northern hemisphere production and a bout of short-covering by speculators.Corn futures climbed to a one-week high, and soybeans rose on fears that heavy rains may h...Reuters
Wed, May 21
Economic Indicator
Vietnam minister meets U.S. firms during visit for tariff talks
HANOI, May 21 (Reuters) - Vietnam's Trade Minister Nguyen Hong Dien met with U.S. firms such as Excelerate Energy, Lockheed Martin, SpaceX and Google during his trip to Washington for tariff negotiations with the Trump administration, state media reported on Wednesday.Vietnam wants the meetings ...Reuters
Wed, May 21
Cryptocurrencies
Bitcoin Rebounds As Funding Rates Stay Cool – Sign Of A Maturing Bull Market?
Bitcoin is once again trading at a critical juncture as it flirts with an all-time high (ATH), yet this time, the usual euphoria is missing. The asset has surged more than 40% since early April, pushing toward the $109K mark, but market sentiment feels unusually cautious. Rather than the typical wav...Bitcoinist
Wed, May 21
Forex
INDIA RUPEE-Fed comments weigh on dollar, set stage for slight rupee upside
By Nimesh Vora MUMBAI, May 21 (Reuters) - The Indian rupee is set to open marginally higher on Wednesday, buoyed by a decline in the U.S. dollar after Federal Reserve officials adopted a cautious tone on the U.S. economic outlook.The 1-month non-deliverable forward indicated an open in the 85.56...Reuters
Wed, May 21
Commodities
PRESS DIGEST- Financial Times - May 21
May 21 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Shell faces shareholder pushback over gas strategy- Thames Water freezes executives' 'retention payments' after backlash- D...Reuters
Wed, May 21
Cryptocurrencies
US lawmakers question SEC Chair Atkins over President Trump's meme coin ties with Justin Sun
The Securities and Exchange Commission (SEC) Chair Paul Atkins sat with House of Representatives members at Tuesday's House Appropriations Committee hearing to discuss the agency's stance on President Donald Trump's affiliated meme coin launches and the Trump family ties with Justin Sun.Fxstreet
Wed, May 21
Cryptocurrencies
Bitcoin Price Builds Base — Consolidates Gains Ahead of Potential ATH Breakouts
Bitcoin price started a fresh increase and cleared the $106,500 zone. BTC is now consolidating and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $105,000 zone. The price is trading above $106,000 and the 100 hourly Simple moving average. There was a brea...NewsBTC
Wed, May 21
Economic Indicator
Japan's exports slow, shipments to US fall as tariffs bite
April exports rise 2% yr/yr, matches forecastExport to US fall 1.8% yr/yr on drop in automobile shipmentsJapan's trade surplus with US rises for 4th straight monthData highlight risks to economy from US tariffsBy Leika Kihara TOKYO, May 21 (Reuters) - Japan's export growth slowed in April...Reuters
Wed, May 21
Other
China calls US chip controls ‘bullying,’ violation of international law
Investing.com-- China’s ministry of commerce on Wednesday accused the U.S. of abusing export controls and using them to suppress China, after Washington issued new restrictions on advanced Chinese comInvesting.com
Wed, May 21
Other
US Justice Department investigating former New York governor Cuomo, sources say
By Sarah N. Lynch and Daniel Trotta WASHINGTON, May 20 (Reuters) - The U.S. Justice Department is investigating Democrat Andrew Cuomo, a leading candidate for mayor of New York City, over Republican allegations that he lied to Congress about what he did as New York governor during the coronavirus...Reuters
Wed, May 21
Other
Toyota debuts new software system in revamped RAV4
TOKYO, May 21 (Reuters) - Toyota 7203.T unveiled its latest RAV4 on Wednesday and said the compact sport utility vehicle would be its first model to feature its Arene software development platform."The RAV4 marks a start in our journey in building software-defined vehicles," Simon Humphries,...Reuters
Wed, May 21
Commodities
METALS-London copper edges higher on dollar weakness, China rate cut
NEW DELHI, May 21 (Reuters) - Copper prices in London were slightly higher on Wednesday, tracking some weakness in the U.S. dollar and stimulus efforts from top consumer China, although gains were limited due to persisting uncertainty over economic growth from high tariffs.Benchmark copper CMCU3 on ...Reuters
Wed, May 21
