Market news
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RBA Holds Key Rate at 4.35% in June as Expected
The Reserve Bank of Australia kept the Official Cash Rate unchanged at 4.35% at its June meeting, matching market expectations.
RBA Holds Rate Steady at 4.35% in June as Expected
The Reserve Bank of Australia kept its official cash rate unchanged at 4.35% at its June meeting, matching market expectations.
USD/CHF Rises as Swiss Franc Declines on USD Strength
The Swiss Franc weakened against the US Dollar during Asian trading on Tuesday, with USD/CHF recovering from modest losses to trade around 0.7950 as the greenback held steady on broad market caution.
Rabobank: Strait of Hormuz risks persist despite US-Iran progress
Rabobank warns that reported progress in US-Iran talks has not eliminated supply risks around the Strait of Hormuz, as only a brief memorandum was agreed and major details remain unresolved.
AUD/JPY Softens as BoJ Hikes Rate to Highest Since 1995
The Australian Dollar weakened against the Japanese Yen after the Bank of Japan raised interest rates to their highest level since 1995, pushing the AUD/JPY cross to around 113.20 during Asian trading on Tuesday.
India Regulators Challenge Starlink Over Laser-Linked Data Routing
Indian authorities are scrutinizing Starlink's use of inter-satellite laser links, which could route user data through gateways outside the country. They want all India-generated data to pass only through domestic gateways to comply with security and lawful interception rules.
Dow Futures Breakout Signals Start of New Bullish Phase
Dow Futures ended its correction and extended higher, completing wave 1 and wave 2 as a zigzag pattern, according to Elliott Wave analysis.
BoJ Hikes Rate to 1% as Expected; Yen Gives Up Gains
The Bank of Japan raised its policy rate by 25 basis points to 1%, matching market expectations. The yen initially strengthened but later surrendered those gains against major peers.
Yen Strengthens After BoJ Rate Hike, USD/JPY Slides to 160.10
The Japanese Yen firmed after the Bank of Japan raised interest rates, pushing USD/JPY down to around 160.10 during Asian hours Tuesday.
Bank of Japan Raises Rate by 25 bps to 1% as Expected
The Bank of Japan raised its short-term interest rate by 25 basis points to 1%, in line with market expectations, after a two-day policy meeting.
Bank of Japan raises rate by 25 bps to 1%
The Bank of Japan raised its short-term interest rate by 25 basis points to 1%, as widely expected, following its two-day monetary policy review.
Bank of Japan Hikes Rate by 25 bps to 1%
The Bank of Japan raised its short-term interest rate by 25 basis points to 1% on Tuesday, in line with market expectations.
US Dollar Index Holds Near 99.70 Ahead of Fed Meeting
The US Dollar Index remains firm near 99.70 as traders await the Federal Reserve's two-day policy meeting.
GBP/USD Edges Lower to 1.3400 on US Dollar Strength, US-Iran Deal Caution
The British pound slipped against the US dollar during Asian trading on Tuesday, with GBP/USD falling back toward 1.3400 as the greenback found support from cautious market sentiment ahead of expected US-Iran deal developments.
NZD/USD Nears 0.5800 After China Retail Sales Miss Estimates
The New Zealand Dollar weakened toward 0.5800 against the US Dollar after China's retail sales data fell short of expectations, shifting focus to the upcoming Federal Reserve interest rate decision.
AUD Slides to 0.7060 After Weak China Data
The Australian Dollar fell 0.16% against the US Dollar during Asian trading, reaching near 0.7060, as weak economic data from China weighed on risk sentiment.
Gold Holds Below $4,400 as Fed Focus Keeps Sellers in Control
Gold is defending minor bids above $4,300 in Asia on Tuesday, holding a pullback from six-day highs of $4,369. Sellers retain control below $4,400 as attention shifts to the Federal Reserve.
USD/CAD Steadies Near 1.3990 as US Dollar Holds Ground
USD/CAD remains stronger for the fourth consecutive day, trading around 1.3990 during Asian hours on Tuesday, as the US dollar stabilizes amid caution over US-Iran peace developments.
China Retail Sales Miss Expectations in May, Weighing on AUD
China's retail sales fell 0.6% year-on-year in May, missing the consensus estimate of 0% and down from April's 0.2% gain, pressuring the Australian dollar given the close trade ties.
Elon Musk Net Worth Tops $1.3 Trillion on SpaceX Surge
A sharp rally in SpaceX shares has pushed Elon Musk's net worth above $1.3 trillion, making him wealthier than the market cap of all but a dozen public companies globally. The combined value of SpaceX and Tesla now exceeds Apple's entire market capitalization.
PBOC Sets USD/CNY Fix at 6.8108, Slightly Higher from Previous 6.8088
The People's Bank of China set the USD/CNY reference rate at 6.8108 for Tuesday, compared to the previous fix of 6.8088, indicating a slight weakening of the yuan.
Yen Strengthens vs Dollar Ahead of BoJ Decision, USD/JPY at 160.15
The Japanese Yen gained ground against the US Dollar on Tuesday, pushing USD/JPY down to around 160.15, as traders eye the Bank of Japan's interest rate decision. A reported deal to reopen the Strait of Hormuz also contributed to Yen strength.
SpaceX Stock Soars 63% Above IPO Price, Valued Near $2.9 Trillion
SpaceX shares are trading above $220 in overnight trading, giving the company a valuation of nearly $2.9 trillion and putting it within $100 billion of Microsoft's market cap.
SpaceX Valued at Nearly $2.9 Trillion After Overnight Surge
SpaceX shares traded above $220 in overnight trading, pushing the company's valuation to roughly $2.9 trillion, within $100 billion of Microsoft. The IPO price was $135 per share.