Asian Stock Market: Recession fears weigh on sentiment, China cheers PBOC inaction
Asian equities trade mixed with China bucking the bearish mood as PBOC holds benchmark rates
USD/INR Price News: Indian rupee bulls barely cheer USD pullback, softer oil around 78.00
USD/INR struggles to benefit from softer USD, downbeat oil prices. Fears of inflation join RBI
GBP/USD holds steady above 1.2200 amid modest USD weakness, lacks bullish conviction
GBP/USD gained some positive traction on Monday amid the emergence of some USD selling. The
Gold Price dribbles around $1,850 with eyes on Fed’s Powell, US PMIs
Gold Price refreshes intraday high while consolidating the biggest weekly fall in six. Hawkish Fedspeak,
Fed’s Kashkari: Could support another 75 bps rate hike in July
Minneapolis Fed President Niel Kashkari said on Friday that he could support another 75 basis
Fed Monetary Policy Report: GDP on track to rise moderately in Q2
In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic
USD/JPY looks to reclaim 135.60 on Fed-BOJ policy divergence, Japan inflation in focus
USD/JPY is marching towards its multi-year high at 135.59 on the continuation of BOJ’s prudent
USD/CAD retreats to 1.3000 on hawkish BOC bets, oil’s bounce, focus on Fed’s Powell, Canada inflation
USD/CAD pares recent gains at 19-month high, renews intraday low of late. Higher inflation expectations
USD to strengthen further, notably against the EUR and GBP – HSBC
The Federal Reserve stepped up the pace of hikes with a 75 bps increase; economists
US Dollar Index to find continued demand under 104 – ING
Following Thursday's heavy selloff, the greenback is holding its ground against its rivals early Friday.