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Forex News
New Zealand Manufacturing Sector Falls Into Contraction - BusinessNZ
The manufacturing sector in New Zealand lipped into contraction territory in May, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9.
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23 minutes ago
Hong Kong Trade Data Due On Friday
Hong Kong will on Friday release Q1 numbers for industrial production and producer prices, highlighting a light day for Asia-Pacific economic activity.
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1h 3min ago
U.S. Dollar Inches Lower After Trump Announces An Imminent U.S.-Iran Deal
The U.S. Dollar value edged lower as market sentiments received a boost and crude oil prices tumbled after U.S. President Donald Trump confirmed a deal with Iran soon and recalled his earlier planned hard strikes on the nation and taking over their Kharg Island.
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2h 5min ago
TSX Up Sharply; Dollarama Shines On Strong Sales, Earnings
The Canadian market remains firmly up in positive territory Thursday afternoon, with most of the gains coming over the past half an hour thanks to hectic buying in the consumer discretionary sector, particularly at the Dollarama counter.
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4h 50min ago
Swiss Market Ends On Firm Note
Save for a very brief while at the start of the session, the Switzerland stock market stayed positive on Thursday thanks to sustained buying at several frontline counters.
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5h 8min ago
European Stocks Close Broadly Higher
European stocks closed broadly higher on Thursday with investors closely following the news from the Middle East front and reacting to the European Central Bank's rate hike announcement.
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5h 27min ago
Gold Edges Slide Amid U.S.-Iran Escalation, Gains In Crude Oil, US Dollar
Extending the losses from yesterday's session, gold prices have edged down on Thursday as U.S. prepares to hit Iran hard, raising concerns of an expansive war in the Middle East for an extended period. Due to escalation concerns, the U.S. Dollar Index advanced close to a two-month high.
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5h 30min ago
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U.S. Producer Prices Jump 1.1% In May, More Than Expected
Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand shot up by 1.1 percent in May, matching a downwardly revised jump in April.
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8h 18min ago
U.S. Jobless Claims Unexpectedly Rise To Four-Month High
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th. The report said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's unrevised level of 225,000. Economists had expected jobless claims to dip to 219,000.
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9h 15min ago
European Central Bank Hikes Interest Rates For First Time Since 2023
The European Central Bank raised its interest rates for the first time in nearly three years in a bid to cushion the impact of rising inflation that is triggered by the surge in energy prices due to the conflict in the Middle East, as the single currency economy struggles to grow. The Governing Council, led by ECB President Christine Lagarde, hiked the deposit rate by 25 basis points to 2.25%.
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10h 3min ago
U.S. Producer Prices Jump More Than Expected In May
Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May.
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10h 23min ago
U.S. Weekly Jobless Claims Unexpectedly Rise To 229,000
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th.
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10h 28min ago
Commodity Currencies Fall As Crude Oil Prices Drop
The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the European session on Thursday, as the crude oil prices dropped giving up earlier gains on hopes that U.S.-Iran peace negotiations could resume.
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11h 39min ago
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