usd

The US dollar is mixed ahead of the release of the minutes from May’s Federal Open Market Committee (FOMC) meeting. The central bank held rates unchanged but there is almost 100 probability of a 25 basis points rate hike at end of the June 13 meeting. Commodity currencies were higher…

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Gold is almost unchanged in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1292.77, up 0.01% on the day. It’s another quiet day on the release front, with no key indicators. The sole event was the Richmond Manufacturing Index, which jumped to…

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The British pound is showing little movement in the Tuesday session. In North American trade, GBP/USD is trading at 1.3427, unchanged on the day. On the release front, Britain posted a deficit of GBP 6.2 billion, below the estimate of 7.2 billion. This marked the first deficit after a string…

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Italian government bond yields came off 14-month highs on Tuesday as the market paused after six days of heavy selling on concerns over the high-spending policies mooted by a potential coalition government in the euro zone’s third-largest economy. The likelihood of a new Italian government being formed by the 5-Star…

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China’s Finance Ministry said that it will cut import tariffs on some vehicles to 15 percent, down from as much as 25 percent. The announcement Tuesday also said that tariffs on some automotive parts would fall to 6 percent. The cuts will be effective from July 1. The move signifies…

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Wholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts subsector contributed the most to the gain. Excluding this subsector, wholesale sales rose 0.2%. Sales were up in four of seven subsectors in March. In volume terms, wholesale sales…

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The Canadian dollar has edged higher in the Tuesday session, after posting strong gains on Monday. Currently, USD/CAD is trading at 1.2769, down 0.16% on the day. On the release front, there are no key indicators on the schedule. Canada releases Wholesales Sales and the US publishes the Richmond Manufacturing…

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Tuesday May 22: Five things the markets are talking about Markets traded mixed overnight, with global equities drifting and a number of risk currencies finding support as investors digest easing trade tensions and the latest comments from a plethora of central bank members. The EUR (€1.1809) has found some traction…

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EUR/USD is showing little movement this week. In the Tuesday session, the pair is trading at 1.1814, up 0.19% on the day. On the release front, there are no major German or eurozone indicators. In the US, the sole indicator is the Richmond Manufacturing Index. On Tuesday, Germany and eurozone…

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Gold has started the new trading week with losses. In Monday’s North American trade, the spot price for one ounce of gold is $1289.63, down 0.22% on the day. It’s a very quiet day on the release front, with no key indicators on the schedule. The sole event is a speech…

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