Economic Report

The US Dollar (USD) came under renewed selling pressure at the start of the trading week, dropping to multi-week lows as trade tensions and concerns about the US economy resurfaced.What to Watch on Tuesday, June 3, 2025:US: The US Dollar Index (DXY) fell below 99.00, hitting seven-week lows despite slight …

The USD/JPY currency pair experienced a notable decline on the first trading day of the new week, reflecting the broader weakening of the US dollar. This downturn was primarily driven by renewed concerns over trade tensions between the United States and China, further exacerbated by the US administration’s plans to …

Gold prices have soared to a four-week high, driven by escalating geopolitical risks and renewed trade tensions. The XAU/USD pair climbed to $3,377, up 2.70%, as investors sought the safe-haven asset amid uncertainty. This rally, sparked by the Russia-Ukraine conflict and U.S. tariff policies, underscores gold’s enduring appeal in turbulent …

Oil prices surged over $1 per barrel in Asian trade on Monday, as OPEC+’s decision to raise output by a modest 411,000 barrels per day (bpd) for July—matching the previous two months—eased market fears of a larger production increase. The outcome provided relief to traders bracing for a potential supply …

Gold prices gained in Asian trading on Monday, as heightened tensions between the U.S. and China and uncertainty surrounding President Donald Trump’s tariff agenda fueled demand for safe-haven assets. Broader metal markets also found support from a softer dollar, after a Federal Reserve official hinted at the possibility of interest …

The week ending June 1, 2025, was marked by significant volatility across global markets, driven by escalating U.S.-China trade tensions, cooling inflation data in Europe and the U.S., and policy uncertainties impacting currencies, commodities, and equities. From European markets rallying on ECB rate cut expectations to Japan’s bond market turmoil …

The Canadian Dollar (CAD) experienced a notable surge against the US Dollar (USD), buoyed by unexpectedly robust first-quarter Gross Domestic Product (GDP) growth figures. However, this headline strength belies underlying vulnerabilities within the Canadian economy, while the US Dollar continues to grapple with the unpredictable fallout from ongoing trade policy …

Oil prices concluded the week lower, driven by market expectations of a significant output increase from OPEC+ and persistent uncertainty stemming from global trade tensions. This confluence of factors paints a bearish outlook for crude, as a potential oversupply looms over weakening demand signals.OPEC+ Weighs Greater Supply BoostBrent and West …

XAU/USD declines 0.84% as a strengthened US Dollar weighs on gold prices; trade uncertainties persist. US economic data shows mixed signals, with lower inflation yet robust growth, impacting gold demand. Geopolitical friction escalates as trade disputes with China resurface. Gold prices retreated on Friday, falling below the $3,300 mark as …

The Euro and US Dollar find themselves locked in a complex dance, with seemingly positive US inflation figures clashing against a backdrop of escalating trade hostilities. This dynamic creates a challenging environment for global markets, compelling both the Federal Reserve and the European Central Bank to navigate divergent economic paths …