News
Important Only
Silver Price Forecast: XAG/USD extends recovery to $30.60 on firm Fed rate-cut prospects
USD/CAD edges lower to near 1.3650 due to improved risk appetite, higher Oil prices
FxstreetJun 6, 2024
BOJ's Ueda: Price expectations must be around 2% for price target
Japanese Yen gains ground due to rising speculation of rate cuts by the Fed
FxstreetJun 6, 2024
USD/INR remains under pressure on weaker US Dollar, likely RBI intervention
WTI rises toward $74.50 due to rising speculation of a Fed rate cut in September
Economic Indicator
BOJ's Ueda: Price expectations must be around 2% for price target
The Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that inflation expectations are gradually rising but yet to reach 2%, adding that the Japanese central bank will move cautiously on interest rates to avoid any big mistakes.Fxstreet
Jun 6, 2024
Forex
Australian Dollar extends gains after higher Trade Balance
The Australian Dollar (AUD) retraced its recent losses on Thursday. The AUD/USD pair strengthened after the Trade Balance release in Australia, which widened to 6,548 million month-over-month in May, exceeding the expected 5,500 million and April's balance of 5,024 million.
Fxstreet
Jun 6, 2024
Economic Indicator
Australia’s Trade Surplus widens to 6,548M MoM in May vs. 5,500M expected
Australia’s trade surplus widens to 6,548MM MoM in May versus 5,500M expected and 5.024M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.Fxstreet
Jun 6, 2024
