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BofA upgrades global growth forecast as AI boom accelerates: Chart of the Day
AI is supplanting the consumer as the driver of US economic growth....
Russia's Fuel Crisis Deepens as Putin Acknowledges Growing Gasoline Shortages
Russian President Vladimir Putin acknowledged what outside experts, many regional officials, and eve...
Wall Street is bracing for a wave of Fed rate hikes that may never come. These sectors stand to gain.
Inflation isn’t as high as you think — and Fed Chair Kevin Warsh looks less hawkish than advertised....
Gold holds steady near $4,200 as US–Iran peace progress offset by Fed hawkish stance
Gold price (XAU/USD) trades on a flat note near $4,190 during the early Asian session on Tuesday. The precious metal steadies as traders continue to assess the developments surrounding the US-Iran pea ...
Australian Dollar slips below 0.7000 as Fed repricing lifts USD
The Australian Dollar retreated by 0.15% on Monday as the US Dollar held onto gains of 0.24% in the US Dollar Index (DXY), following the round of talks between the US and Iran in Switzerland. At the t ...
Australia's S&P Global Manufacturing PMI rises in June: What 51.2 means for AUD/USD
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) rose to 51.2 in June versus 50.7 prior, the latest data published by S&P Global showed on Tuesday.
Australia S&P Global Manufacturing PMI rose from previous 50.7 to 51.2 in June
Australia S&P Global Manufacturing PMI rose from previous 50.7 to 51.2 in June
Australia S&P Global Services PMI: 49.9 (June) vs 48.7
Australia S&P Global Services PMI: 49.9 (June) vs 48.7
Australia S&P Global Composite PMI rose from previous 48.7 to 49.8 in June
Australia S&P Global Composite PMI rose from previous 48.7 to 49.8 in June
Euro falls as USD gains on Iran optimism, Lagarde tempers ECB hawks
The shared currency registered losses of 0.37% against the US Dollar on Monday late in the North American session amid positive news on the US-Iran talks, while comments from ECB President Lagarde sur ...
Pound Sterling braces for a heavy week as Westminster empties out
The British Pound enters the new week on the back foot, having come within a whisker of fresh seven-month lows before steadying into a tentative bounce that has done little to change the bigger pictur ...
New Zealand Dollar grinds lower as the Iran truce frays
The New Zealand Dollar closed lower for a fourth consecutive session on Monday, drifting toward the 0.5700 handle as a firmer US Dollar and souring risk sentiment did the damage.
New Zealand falls as a stronger US Dollar weighs on risk-sensitive currencies
The NZD/USD pair traded lower on Monday, hovering near a two-month low at the 0.5720 area, as the New Zealand Dollar (NZD) came under pressure from a firmer US Dollar (USD) and cautious market sentime ...
Trump and Iran cannot agree on what they just signed
The 60-day framework that Trump and Iran's president signed at Versailles on June 17 was meant to wind the war down and reopen the Strait of Hormuz. A week on, the two capitals cannot agree on what th ...
Forex Today: US Dollar surges near recent highs as markets watch PCE inflation and Middle East
The US Dollar (USD) traded near the 101.00 level on a positive note on Monday, near the 13-month high of 101.13 reached on Friday, as investors balanced softer Oil prices, renewed hopes for peace betw ...