South African Rand Strengthens as Government Outlines Sukuk Issuance Plans
The South African rand (ZAR) extended its recent gains against major currencies on Wednesday, following the government’s announcement of plans to issue a
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India’s Foreign Exchange Reserves Dip to $666.93 Billion in Late June
India’s foreign exchange reserves fell to $666.93 billion as of June 22, 2024, marking a decline of $5.66 billion from the previous week’s
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Silver Breaks $62 as Dovish Fed Bets Weigh on Rate Hike Outlook
Silver prices surged past the $62 per ounce mark on Tuesday, extending a recent rally as traders recalibrated expectations for Federal Reserve interest
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US Dollar Index Heads for Weekly Loss After Weak Jobs Data Fuels Rate Cut Bets
The United States Dollar Index (DXY) is on track to close the trading week in negative territory, pressured by weaker-than-anticipated employment data that
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EUR/USD Price Forecast: Euro Stalls Below 1.1475 as Dollar Weakness Fails to Spark Breakout
The euro failed to capitalize on broad US Dollar weakness during Thursday’s trading session, stalling just below the key resistance level of 1.1475.
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Brazil Industrial Output Misses Forecasts, Contracts 0.2% in May
Brazil’s industrial production fell short of market expectations in May, posting a month-over-month contraction of 0.2%. The figure came in well below the
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Mexico Consumer Confidence Edges Higher in June, Reaching 43.8
Mexico’s consumer confidence index rose to 43.8 in June 2024, up from a revised 43.1 in May, according to data released by the
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Brazil Industrial Output Growth Misses Forecasts, Hits Just 0.2% in May
Brazil’s industrial output rose by only 0.2% in May compared to the same month last year, falling significantly short of the 1.3% growth
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Gold Extends Gains as Weak US Jobs Data Fuels Fed Rate Pause Bets
Gold prices continued their upward trajectory on Friday, extending gains after the release of weaker-than-expected U.S. nonfarm payrolls (NFP) data for March. The
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Services Slowdown and Labor Signals Weigh on US Dollar: TD Securities
TD Securities has released a note highlighting growing headwinds for the US Dollar, pointing to a slowdown in the services sector and mixed