Pound Sterling (GBP) slipped overnight in reaction to broad USD rebound. There is no tier-1 data for UK this week, putting more focus on BoE-speaks. GBP was last seen trading at 1.2635, OCBC’s FX analysts Frances Cheung and Christopher Wong note. GBP/USD may see consolidation intraday “Huw Pill will speak tonight, followed by Dhingra … Read more
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $32.24 per troy ounce, down 0.33% from the $32.34 it cost on Monday. Silver prices have increased by 11.57% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 32.24 1 Gram 1.04 The Gold/Silver ratio, which … Read more
The Indian Rupee weakens in Tuesday’s early European session. Renewed US Dollar demand and persistent foreign outflows continue to weigh on the INR. The Conference Board’s Consumer Confidence is due later on Tuesday. The Indian Rupee (INR) edges lower on Tuesday. The local currency remains under pressure amid US Dollar (USD) demand from oil companies … Read more
Gold prices fell in Saudi Arabia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 354.24 Saudi Riyals (SAR) per gram, down compared with the SAR 355.75 it cost on Monday. The price for Gold decreased to SAR 4,131.84 per tola from SAR 4,149.35 per tola a day earlier. Unit … Read more
Bank of Korea (BoK) Governor Rhee Chang-yong explained the reasons behind the interest rate cut decision in his post-policy meeting press conference on Tuesday. Additional takeaways Tuesday’s rate decision was unanimous. Interest rates for special loan programme also lowered. Four board members said current policy rates could be maintained for the next three months. Two board members … Read more
WTI price trades in positive territory near $70.80 in Tuesday’s early Asian session. The US rolled out new Iran-related sanctions, lifting the WTI price. Trump’s tariff plans and war in Ukraine remain in focus. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.80 during the early Asian session on Tuesday. The WTI price extends … Read more