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Dollar stays generally firm in Asian session, following the post CPI rally overnight. Yen is some what helped by the selloff in stock markets despite rebound in US yields, and remains firm except versus the greenback. On the other hand, Australian Dollar tumbles sharply following much worse than expected job data, and leads other commodity
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Gold prices were flat on Thursday after a surge in U.S. consumer prices drove the metal, seen as an inflation hedge, to a five-month peak in the previous session. FUNDAMENTALS * Spot gold was little changed at $1,850.00 per ounce by 0100 GMT, after hitting its highest since June 15 on Wednesday. * U.S. gold
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AUD/USD bears stay in control with eyes on 0.73 the figure.  A break of 0.7300 opens risk to the 0.7280s for the sessions ahead. AUD/USD fell on Wednesday and extended losses in Thursday’s Asian session following a surprisingly strong US Consumer Price Index report and a shockingly poor Aussie jobs event.  AUD/USD has fallen from 0.7393
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Dollar rises sharply in early US session after much stronger than expected consumer inflation data, which hit multi-decade high. For now, New Zealand Dollar is the worst performer today, followed by Sterling and then Euro. Yen is retreating against the greenback but stays steady against others. Technically, despite notable rally, Dollar is generally still stuck
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Frong-end of the bond market in charge USD/JPY is at the highs of the day, up 77 bps to 113.64. There’s an element of the Fed losing control of the narrative here. USD/JPY and US rates had been falling since the FOMC as officials pushed back on inflationary fears and underscored their reasons that inflation
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New Delhi: Gold price in the national capital on Wednesday gained Rs 137 to Rs 47,311 per 10 grams amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,174 per 10 grams. Silver, however, declined by Rs 160 to Rs 63,482 per kilogram from Rs 63,642
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In this article DASH DoorDash announced Tuesday it’s acquiring Wolt, a food delivery platform that’s expanded into groceries and retail, in an all-stock transaction valued at $8.1 billion. The move is an effort to accelerate the company’s international growth. Shares of DoorDash popped more than 11% in after-hours trading following an initial dip. Wolt has about
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