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SpaceX sheds $400bn in market value as debut rally hits reverse
Shares in Elon Musk’s AI and rockets group tumble more than 16% following fresh rise in US bond yiel...
Dow Jones Futures: Tech Stocks Tumble As SpaceX Plunges; Amazon, Alphabet, Nvidia Sell Off
Dow Jones Futures: The tech-heavy Nasdaq composite sold off Monday as SpaceX stock plunged. Amazon, ...
Oil falls as US waives Iranian sanctions and Nasdaq tumbles
Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it t...
New Zealand Dollar slips to fresh session lows ahead of PMI and PPI releases
NZD/USD slipped 0.4% on Thursday, drifting lower through the session to close at fresh daily lows. The pair has been confined to a broad range in recent weeks, unable to retest the early-March peak ne ...
USD/CNH: Decline extends toward 6.77–6.69 targets – Societe Generale
Societe Generale strategists observe that USD/CNH has resumed its decline after repeated failures at the 50-DMA, which has capped rebounds since last year.
Stephen Miran to step down from Fed board on Warsh swearing in
Federal Reserve (Fed) Governor Stephen Miran submitted his resignation letter from the Fed board on Thursday, effective on or shortly before Kevin Warsh is sworn in as the Fed's next chair, since ther ...
Euro slides as resilient US sales fuel Dollar rally
EUR/USD edges lower for the third consecutive day during the North American session, down 0.22%, as US economic data showed consumers' resilience. In contrast, jobless benefits data showed a slight in ...
Australian Dollar falls after US Retail Sales meet consensus
The AUD/USD pair weakens toward the 0.7220 region on Thursday as the United States (US) Dollar (USD) strengthens after April Retail Sales held up in the United States (US).
Pound Sterling Price News and Forecast:Weakens as UK political turmoil and stronger US Dollar weigh
GBP/USD trades under pressure on Thursday, weighed down by a stronger US Dollar (USD) and rising political uncertainty in the United Kingdom. At the time of writing, the pair is trading around 1.3482, ...
British Pound weakens amid UK political turmoil and stronger US Dollar
GBP/USD trades under pressure on Thursday, weighed down by a stronger US Dollar (USD) and rising political uncertainty in the United Kingdom (UK). At the time of writing, the pair is trading around 1. ...
Fed’s Schmid: Continued inflation is the most pressing risk to the economy
President of the Federal Reserve (Fed) Bank of Kansas City, Jeffrey Schmid, said on Thursday that continued inflation is the most pressing risk to the economy.
US Dollar Index: Downside risks despite delayed easing – TD Securities
TD Securities strategists turn less bearish on the US Dollar (USD) in the near term as the Federal Reserve (Fed) stays on hold and US data, equities and positioning support a range-bound Dollar.
Brazilian Real: Downtrend pressure persists against US dollar – Societe Generale
Societe Generale strategists note that USD/BRL has extended its broader downtrend after breaking a recent consolidation, with an interim low near 4.88 and a sharp rebound.
New Zealand Dollar weakens as Trump-Xi optimism, firm US data bolster Dollar
NZD/USD falls to around 0.5920 on Thursday at the time of writing, down 0.28% on the day, as the New Zealand Dollar (NZD) remains under pressure against a stronger US Dollar (USd).
Fed: Extended pause before cautious easing – UOB
UOB’s Senior Economist Alvin Liew revises its Federal Reserve (Fed) outlook following hotter United States (US) inflation data.