There were some light moves in Asia but major currencies have reverted back to keep little changed overall. You can check out the summary of the moves here as recapped by Eamonn. And here’s a snapshot of the FX space as we look towards European trading: The dollar remains poised on the week with EUR/USD

Chen Binhua, the spokesperson for China’s Taiwan Affairs Office said that: “We are willing to strive for the prospect of peaceful reunification with the utmost sincerity and endeavour. But we will never commit ourselves to renouncing the use of force.” He does go on to warn against “external forces” in play though and that “if

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Gold held steady during early Asian hours on Wednesday, while market participants awaited U.S. economic data to determine the number of interest rate cuts by the Federal Reserve in the near term. FUNDAMENTALS * Spot gold was flat at $2,660.36 per ounce by 0036 GMT. U.S. gold futures fell 0.1% at $2,676.50. * Focus is

Brent crude oil futures rose 24 cents, or 0.3%, to $74.49 a barrel by 0054 GMT. U.S. West Texas Intermediate crude futures dropped 27 cents, or 0.4%, to $70.85 per barrel. Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report

Gold December futures contracts at MCX opened flat on Wednesday at Rs 76,393 per 10 gram, which is up by 0.04% or Rs 33 while silver December futures contracts were trading at Rs 91,620/kg, down by Rs 3 merely. On Tuesday, gold and silver settled on a positive note in the domestic and international markets.

Dollar is broadly stronger today in what is otherwise a quiet trading session. With US markets closed for holiday, overall activity has been subdued. However, Dollar bulls seem to be taking advantage of the thinner liquidity to push the greenback higher. The anticipation of further interest rate cuts from ECB this week, and more to

Risk sentiment in Asia was mixed today. Japan’s Nikkei 225 index extended its rally and broke above the 40k mark for the first time in three months. This momentum firstly follows another record close on Wall Street overnight. Secondly, contributing to the optimism are growing expectations that BoJ may hold off on implementing another rate

Canadian Dollar weakens broadly decline in early US session following weaker-than-expected inflation data. The drop in headline CPI, driven primarily by falling gasoline prices, was steeper than anticipated. However, core inflation measures, especially the closely-watched CPI common, remained near 2% level. This further solidifies expectations that BoC would accelerate its policy easing, with a 50bps