Market news
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RBNZ Hikes OCR to 2.5%, Commerzbank Warns NZD Vulnerable
The Reserve Bank of New Zealand raised its official cash rate to 2.5%, but Commerzbank analyst Volkmar Baur warns the New Zealand Dollar remains vulnerable despite the hawkish move.
Gold Dips to $4,100 as Market Awaits Fed Minutes
Gold pulls back from a recovery rally above $4,100, with traders eyeing the Fed's June meeting minutes for direction.
China Considers AI Restrictions in Retaliation; RBNZ Hikes Rates
China is reportedly considering its own restrictions on artificial intelligence in response to US actions. Meanwhile, US-Iran strikes escalate despite ongoing talks, and the Reserve Bank of New Zealand raised interest rates for the first time in three years.
Euro Gains as Dollar Sidelined Amid Cautious Markets
EUR/USD trades around 1.1410 during Asian hours as the euro gains against a sideways dollar amid cautious market sentiment.
Indian Rupee Gains Against Dollar Despite Rising Oil Prices
The Indian Rupee edged higher against the US Dollar on Wednesday, with USD/INR slipping to near 95.00, even as oil prices rose following US attacks on Iran.
NZD/USD Rises on Hawkish RBNZ Hike, Tests 0.5710-0.5715
The NZD/USD pair extended gains after the RBNZ delivered its first rate hike in three years, reclaiming the 0.5700 level and approaching a key resistance zone at 0.5710-0.5715.
Silver Climbs Above $60.00 as Dollar Softens Ahead of Fed Minutes
Silver price edged higher to near $60.35, breaking a two-day losing streak, as the US Dollar weakened ahead of the release of the June FOMC meeting minutes.
Yen Remains in Depreciating Mode as Dollar Gains on Strait of Hormuz Tensions
The Japanese yen continues to weaken amid a broader dollar rally driven by fresh attacks in the Strait of Hormuz. The dollar index is targeting 101.50–102, which could push the euro down to 1.1350–1.13.
Indonesian Rupiah Holds Losses Near 18,050 After Consumer Confidence Data
USD/IDR traded around 18,050 during Asian hours, recovering from previous modest losses after Indonesia released Consumer Confidence data.
AUD/USD Rises on Hawkish RBA Commentary, Trades Near 0.6943
The Australian Dollar gained 0.23% against the US Dollar during Asian trading, approaching 0.6943 after hawkish remarks from RBA official Hunter.
USD/CHF Extends Gains as US-Iran Tensions Boost Dollar
The Swiss franc weakened against the US dollar for a third straight day, with USD/CHF trading around 0.8090 during Asian hours on renewed geopolitical tensions between the US and Iran.
DXY Holds Above 101.00 After US Strikes on Iran
The US Dollar Index stays above the 101.00 mark for a second straight session, trading near 101.10 during Asian hours following US military strikes on Iran.
NZD Rises After RBNZ Rate Hike, AUD/NZD Falls
The New Zealand Dollar strengthened following the Reserve Bank of New Zealand's interest rate decision, pushing the AUD/NZD cross lower after three consecutive days of gains. The pair traded around 1.2170 during Asian hours on Wednesday.
New Zealand Dollar Rallies to 0.5700 on Expected RBNZ Rate Hike
The NZD/USD pair climbed to 0.5700 as the Reserve Bank of New Zealand is anticipated to raise interest rates, attracting buyers during the Asian session.
RBNZ Hikes Rate by 25bps to 2.50% as Expected
The Reserve Bank of New Zealand raised its official cash rate by 25 basis points to 2.50%, in line with market expectations.
GBP/USD Falls to Near 1.3350 After US Strikes on Iran
The British Pound weakened against the US Dollar, dropping to around 1.3355 on renewed geopolitical tensions following US strikes on Iran.
RBNZ Hikes Rate by 25 bps to 2.50% as Expected
The Reserve Bank of New Zealand raised its official cash rate by 25 basis points to 2.50% at its June meeting, in line with market expectations.
Silver Holds Near Bearish Flag Support Around $59.80
Silver (XAG/USD) trades with a negative bias for the third straight day, hovering around $59.80 during Asian session. Price defends bearish flag support near mid-$59.00s.
EUR/USD Struggles Above 1.1400 as US-Iran Tensions Boost Dollar
EUR/USD holds above 1.1400 but fails to attract buyers as renewed US strikes on Iran support the US dollar ahead of the FOMC minutes.
PBOC Sets USD/CNY Fix at 6.8077, Weaker Than Previous
The People's Bank of China set the USD/CNY reference rate at 6.8077 on Wednesday, slightly higher than the previous day's fix of 6.8054, indicating a marginal weakening of the yuan.
RBA's Hunter: Board Will Intervene to Bring Inflation to Target
Reserve Bank of Australia Assistant Governor Sarah Hunter said the central bank will act as necessary to return inflation to target, noting the recent oil shock has not yet caused a significant economic slowdown.
Yen Edges Higher on Renewed Intervention Fears, USD/JPY Near 162.35
The Japanese Yen strengthened against the US Dollar during early Asian trading as traders remained alert to possible intervention by Japanese authorities. USD/JPY traded with mild losses near 162.35.
Vantage Secures CMA Category 5 Licence, Strengthening Its MENA Growth Strategy
Vantage secured a Capital Market Authority Category 5 introducer license in the UAE, strengthening its MENA growth strategy according to CEO Marc Despallieres.
New holding company proposal and trading update
IG Group issued an update on its strategic review, including a proposal to establish a new Group holding company and a refreshed organisational model, with a trading update for the half year ended 30 June 2026.