Galsworthy

USD/MXN softens to around 19.05 in Wednesday’s early European session. The US and Mexico discussed a deal to cut Trump's steel tariffs. Traders await the US May CPI inflation data later on Wednesday. The USD/MXN pair remains on the defensive near 19.05 during the early European session on Wednesday.

A large majority of 59 economists polled by Reuters expect the Bank of England (BoE) to cut the policy by 25 basis points (bps) in the third quarter and the fourth quarter, bringing down the bank rate to 3.75% from 4.25%, where it currently stands. Median expectations of polled economics point to a

Japanese Finance Minister Katsunobu Kato said on Tuesday that he will appropriately conduct fiscal policy. Key quotes Seeking more Japanese Government Bond holdings by domestic investors Will make efforts toward appropriate Japanese Government Bonds management Crucial to seek Japanese Government Bon

Wednesday’s Spending Review will epitomise just how tight things look for UK government departments. And life is only going to get harder for the Treasury in the autumn. We think the government’s ‘headroom’ will fully evaporate and that tax rises look increasingly inevitable later this year. The spe

The Indian Rupee strengthens after the RBI delivers a surprise 50 basis points interest-rate cut, larger than expected.USD/INR retreats from 86.00 but holds above its key 100-day EMA near 85.63.The RBI lowers fiscal year 2026 inflation forecast to 3.7% and maintains GDP growth at 6.5%.All eyes are o

Strong momentum suggests further Pound Sterling (GBP) strength against US Dollar (USD), even though it is unclear if this will be sufficient for a break above 1.3600. In the longer run, GBP must first close above 1.3600 before a sustained advance can be expected, UOB Group's FX analysts Quek Ser Lea

Where are markets today? U.S. and European futures suggest a down opening on Monday, June 2, 2025, as investors react to renewed trade tensions and await major economic reports to be published. U.S. futures declined, including S&P 500 futures by 0.3%, Nasdaq-100 futures by 0.3%, and Dow Jones In

Silver price looks for a temporary support after sliding almost 1% to near $33.00 as trade tensions between the US and China have renewed.Trump accused China for non-compliance of trade agreement.The US PCE inflation cools down in April. Silver price (XAG/USD) is down almost 1% near the key level of

Let’s get to the meat: foreign demand is faltering—and the FX market just rang the alarm. The marquee 20-year auction was billed as must-watch TV—and it didn’t disappoint the bears. It cleared at 5.047%, the highest since the tenor was reintroduced in 2020, and more importantly, it tailed. That may

The week starts with a jump in US yields and a weaker dollar after Moody’s downgraded the US credit rating from the top Aaa to Aa1, citing concerns about the US’ rapidly rising debt toward the $37 trillion mark and a budget deficit reaching 7% — the highest in peacetime. Moody’s decision is unsurpri