Gold extended its rally for the third straight day on Tuesday, surging to fresh all-time highs just below $3,700, driven by ongoing weakness in the US Dollar. Market expectations that the Federal…
USD/CAD Struggles Below 1.3780 Ahead of Key Data Releases
The US Dollar (USD) continues to weaken against the Canadian Dollar (CAD), with the pair trading below the 1.3780 mark as markets await crucial inflation data from Canada and retail sales figures…
Canada CPI Unlikely to Shift BoC’s Easing Path – BBH
Canada’s upcoming August CPI report is expected to confirm that while core inflation remains elevated, underlying pressures are gradually easing, according to FX analysts at Brown Brothers Harriman (BBH). This should give…
China Boosts Crude Oil Processing in August – Commerzbank
Chinese refineries processed 63.46 million tons of crude oil in August, according to the National Bureau of Statistics (NBS). This marks a 7.4% increase compared to the same month last year, Commerzbank…
GBP/USD Edges Higher on USD Weakness – BBH
The British Pound (GBP) gained modestly against the US Dollar (USD), supported by broader dollar softness. However, the pound underperformed relative to the euro, as ongoing concerns about the UK’s labor market…
EUR/USD Aims for July High of 1.1829 – BBH
EUR/USD is strengthening and appears on track to test its July peak at 1.1829, supported by solid Eurozone data and a stable policy stance from the European Central Bank (ECB), according to…
USD/CNH: Decline Likely to Be Gradual – UOB Group
According to UOB Group’s FX analysts Quek Ser Leang and Peter Chia, there is room for the US Dollar (USD) to slip below the 7.1100 level against the Chinese Yuan (CNH), but…
Commerzbank: Tougher US Sanctions on Russia Unlikely for Now
According to Commerzbank commodity analyst Carsten Fritsch, there’s only a slim chance that the US will impose stricter sanctions on Russia anytime soon. To significantly reduce Russian oil revenues, key buyers would…