Today's News Update - 6th May 2025 Asia Asia-Pacific currencies rose on Monday as the U.S. dollar weakened. The Australian and Singapore dollars both gained 0.62%, while the Japanese yen strengthened 0.69%. In stocks, the Australian market fell after Prime Minister Anthony Albanese secured a second consecutive term, while most Asian markets were closed for holidays. The S&P/ASX 200 dropped 0.97%, reversing prior gains. US The S&P 500 declined on Monday, bringing an end to a nine-day rally as traders focused on the latest global trade news. The index fell 0.64%, closing at 5,650.38, while the Nasdaq Composite dropped 0.74% to finish at 17,844.24. The Dow Jones Industrial Average lost 98.60 points, or 0.24%, ending at 41,218.83. Prior to this, the S&P 500 had enjoyed its longest streak of gains since 2004. Commodity Gold prices climbed over 2% on Monday, driven by a weaker dollar and safe-haven demand, ahead of the U.S. Federal Reserve's policy decision. Spot gold rose 2.9% to $3,332.57, while U.S. futures gained 3% to $3,341.30. Meanwhile, U.S. crude oil futures dropped 2% to a four-year low after OPEC+ agreed to increase production. U.S. crude closed at $57.13 per barrel, and Brent crude fell to $60.23, marking a 20% decline this year. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex