Author: FX
South Korean Finance Minister Koo said it’s uncertain whether Trump will accept Seoul’s opposition to a US$350 bn upfront investment.Seoul warns a one-time payment could destabilise FX markets, risking a crisis.Koo raised the issue with U.S. Treasury Secretary Bessent, who agreed to convey Korea’s concerns.The July trade deal remains pending amid disputes over investment funding. Info via Yonhap. —South Korea’s Finance Minister Koo Yun-cheol said it remains uncertain whether President Donald Trump will accept Seoul’s opposition to a US$350 billion upfront investment tied to their July trade deal.Speaking in Washington, Koo said such a large one-off payment could destabilise Korea’s…
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Gold price (XAU/USD) extends its upside to around $4,365 during the early Asian session on Friday. The precious metal holds positive ground after reaching a record high of $4,380 in the previous session. A fear of a prolonged US government shutdown, growing bets of additional US interest rate cuts, and US-China trade tensions support the yellow metal. Traders will keep an eye on the Fedspeak later on Friday for fresh impetus. There are also growing worries about the ongoing US government shutdown, which weighs on the US Dollar (USD) and underpins the USD-denominated commodity price. The federal shutdown has entered its…
United Airlines targets double-digit margin expansion through customer loyalty investments and cost efficiency Source link
The Thursday session was dominated by credit quality worries after two regional lenders disclosed problematic loans, triggering widespread risk aversion despite earlier optimism from strong bank earnings and continued AI investment momentum. Turns out investors aren’t fond of words like “fraud” and “charge-off” appearing in the same sentence as “regional bank.” Meanwhile, gold shrugged off the drama to party like it’s 1979, blasting past $4,300 to fresh record highs. Check out the forex news and economic updates you may have missed in the latest trading session! Headlines & Data: Asia-Pacific Data: New Zealand Food Price Index for September 2025: 4.1%…
Fed board governor Miran is Trump’s lackey at the Fed. He is talking rubbish on tariffs:The downside of tariffs has been nowhere near what people predicted Tariffs have had no material signs of growth drag, inflation spikeDon’t think cost of tariffs will be passed on to consumersBurden of tariff cost will fall on exporting countries This article was written by Eamonn Sheridan at investinglive.com. Source link
The Dow Jones Industrial Average (DJIA) grappled in the middle of a deepening consolidation zone on Thursday, churning on both sides of 46,200 and declining around 300 points on the day. Investors are still tilting toward the bullish side on expectations that current political and structural issues will eventually be resolved, but market sentiment continues to take regular hits as fissures grow wider. The US government shutdown remains an ongoing issue that looms over investors, and traders caught a fresh bout of risk-off jitters amid rising concerns of risky loans on bank balance sheets.Big banks up, small banks downInvestment bank…
Economists see continued upward pressure on September CPI from core goods inflation Source link
The AUDUSD has been choppy today, swinging down, up, down, and back up again as traders test both sides of the range. On the downside, the pair continues to find support within a swing area between 0.6478 and 0.6481. On the topside, resistance remains firm near the falling 100-hour moving average and a swing zone between 0.6500 and 0.6505 — an area that has been tested and briefly broken several times in recent sessions, but each break has lacked follow-through, sending prices back lower.The 0.6505 level is the key topside marker. A decisive break above could ignite bullish momentum, putting…
The US Dollar (USD) is marginally softer, notching up a third day of losses in Dollar Index (DXY) terms, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. USD edges lower for a third day as Fed policy outlook weighs”Movement across the major currencies is, for the most part, limited, however as investors await developments on US/China trade and the US government shutdown. The NZD and GBP are leading gains for the core majors and while the JPY is modestly softer on the session, dollar/Asia is mostly lower as regional authorities take action to stem pressure on their currencies…