The USD/CAD pair slides, on Wednesday, after the Bank of Canada hiked the interest rate by 50 bps, raising it to the 1.50% threshold. The pair has snapped five days of losses, amid negative market sentiment, at the same time, global equities fall lower.The Bank of Canada lifted rates by …

US job openings dropped to 11.4 million in April from a record 11.9 million in the prior month, signaling some softening in what’s still the tightest labour market in decades.The number of people who quit jobs in April, meanwhile, was little changed at 4.4 million, the Labour Department said Wednesday. …

US President Joe Biden plotted inflation-fighting strategy, on Tuesday, during his meeting with the Fed Chair Jerome Powell. Biden reportedly focused on relentlessly surging prices, with the destiny of the US economy and his own political prospects increasingly dependent on the actions of the government’s central bank. Biden’s endorsement of …

The sterling gains against the Japanese yen, despite risk-off market sentiment that typically benefits the Japanese yen, but the rally in the USD/JPY pair weighed on the yen. The GBP/JPY gains some 0.20% as the Asian Pacific session begins. As for market sentiment, it begins to shift to positive but …

US Treasury Secretary Janet Yellen said during a CNN interview on early Wednesday “Inflation is number one concern for President Biden”.Financial markets are digesting Yellen’s comments amid a generally quiet early Asian session. The AUD/USD pair pauses the day-start recovery moves around 0.7180.Key QuotesI was wrong about the path inflation …

US President Joe Biden plotted inflation-fighting strategy, on Tuesday, during his meeting with the Fed Chair Jerome Powell. Biden reportedly focused on relentlessly surging prices, with the destiny of the US economy and his own political prospects increasingly dependent on the actions of the government’s central bank.Tuesday’s meeting was the …

The Australian dollar has slid from weekly highs above 0.7200 amid a trading day with relatively sour market sentiment with negative impact around the end of May flows that enhanced the US dollar while US Treasury yields exhibit some momentum.AUD/USD pair has retreated during the US session, from weekly highs …

Investors do not seem so much worried about US President Joe Biden’s meeting with Fed Chair Jerome Powell, on Tuesday. Biden is urging the Fed to keep its focus on ways to control US inflation as a message to markets that inflation fighting has become the highest priority of the …

The OPEC+ group of producers continues to underproduce, which had taken the sting out of the highly anticipated 430k bpd output hike this month.While there are no formal plans to push OPEC to increase oil output, some members have plans for so doing particularly given that Russian output is likely …

The EUR/USD reached new weekly lows below 1.0700 despite the EU inflation breaking above the 8% threshold. The euro retreats during the American session but bounced off daily’s lows in a high volatility trading session that witnessed the EUR/USD rallying near 1.0780 and falling to 1.0678, but is stabilizing. At …