New Delhi: US and Australia alleged India of giving subsidies to sugarcane farmers far exceeding limits set in global trade norms. The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at
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In the aftermath of RBA’s decision to maintain interest rates unchanged and the absence of explicit hawkish signals, Australian Dollar weakens mildly. Despite notable upgrades in inflation forecasts, the central bank opted for a cautious approach, refraining from signaling imminent rate hikes and maintaining a stance of “not ruling anything in or out.” Recent stronger-than-expected
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden’s chances at getting reelected, billionaire investor Stanley Druckenmiller said Tuesday. During an appearance on CNBC’s “Squawk Box,” the head of Duquesne Family Office who made his name betting against the British pound in the early 1990s blasted fiscal
Shares of Wynn Resorts popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in China’s Macao region. We’re surprised the stock isn’t up more. Operating revenue increased 31% year over year, to $1.86 billion, beating expectations of $1.79 billion,
Gold price is weakening on Tuesday on the back of a rise in the US Dollar. The USD’s recent decline was due to weak US jobs data, but Fed commentary put a floor under the sell-off. Fed policymakers made it clear they are still not in a hurry to cut interest rates, boosting the Greenback.
As the North American session begins, the USD is the strongest and the JPY is the weakest. Having said that the pairs are fairly scrunched together with the USD, CAD and EUR fighting for the strongest. The JPY is the most weakest followed by the AUD which is lower after their interest rate decision as
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
As the U.S. dollar weakened after softer-than-expected U.S. jobs data, Gold and Silver prices on MCX opened on a flat note on Tuesday. Gold June futures contracts were down by Rs 19 or 0.03% to trade at Rs 71,350 per 10 grams while MCX July silver contracts fell by Rs 72 or 0.09% to Rs
The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of the week, Dollar’s next move hinges on shifts in risk sentiment and
In this article AMZN SBUX WMT HD RCL Follow your favorite stocksCREATE FREE ACCOUNT A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report
GBP/USD extends the rally above 1.2550, eyes on BoE rate decision The GBP/USD pair trades in positive territory for the fifth consecutive day near 1.2560 during the Asian session on Tuesday. The weaker US Dollar (USD) provides some support to the major pair. The Bank of England (BoE) interest rate decision on Thursday will be
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices eased in early Asian hours on Monday as the dollar ticked up, while traders awaited comments from a series of Federal Reserve officials for more cues on U.S. interest rate cut timeline. FUNDAMENTALS * Spot gold was down 0.3% at $2,294.97 per ounce, as of 0040 GMT. U.S. gold futures slipped 0.3% to
As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to appearances by SNB Chair Thomas Jordan, as well as Fed officials Thomas Barkin and John Williams. However, traders are expected
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Alex Wong | Getty Images Palantir shares fell 10% in extended trading on Monday after the defense tech
The US Dollar heads back to flat after taking a step back earlier. The Greenback gave up its earlier gains against the Chinese Yuan and the Japanese Yen this Monday. The US Dollar Index trades near 105.00 and flirts with a break below. The US Dollar (USD) sees traders piling back into trades and bets that