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GIC provides the latest news about forex and commodities which influence market movements.
Dollar Falls to Lowest Level: Aussie Rebounds
The dollar fell to a nine-day low against a basket of major currencies on Thursday, hitting a nine-day low in a setback to its recent rally. Meanwhile, the British pound, Australian and New Zealand do
Gold Holds Steady Amid Weak Dollar
Gold holds steady amid weaker dollar Gold prices held steady near a one-month high on Thursday as a weaker dollar defied traders’ growing expectations that the Federal Reserve will tighten polic
Dollar Nears Highest Level in a Year
The dollar hovered near a one-year high on Wednesday, amid growing expectations that the Federal Reserve will announce a reduction in stimulus next month, with the potential for a rate cut in mid-2022
Gold Steady, Investors Look to US Inflation Data
Gold was steady on Wednesday, supported by a slight pullback in the dollar and U.S. Treasury yields. As investors awaited U.S. inflation data to gauge the Federal Reserve’s path on policy normal
GBPUSD Rises on Risk Sentiment
At the time of writing today's GBPUSD news, the forex pair is at 1.3749. GBPUSD managed to bounce from 1.3700 to 1.3753 with investors moving away from the US dollar. Concerns about the increasing Del
EURUSD Rises Slowly Amid Risk-On Sentiment
The market continues to welcome vaccine optimism and the easing of the “taper tantrum” amid COVID-19 concerns, causing EURUSD to slowly rise. When today’s EURUSD news was written, th
US Dollar Exchange Rate Against Presidential Election Results
The 46th US Presidential Election in 2020 has been the focus of market players lately. The US stock index has risen for 6 consecutive days since the US-China trade war began to subside, but this situa
Greenback Weakens Gold Creeps Up
The dollar slipped for a fifth straight session, sliding to a more than one-week low, as positive vaccine news offset a surge in coronavirus cases and tighter lockdowns across the United States and Eu
Australian Currency Under Pressure Again
Aussie back under pressure as market sentiment wobbles, with the risk-sensitive AUD losing traction on Tuesday. Monday’s enthusiasm about Moderna’s COVID-19 vaccine success was offset by c
Aussie Strengthens Against US Dollar
The minutes of the RBA's November meeting released on Tuesday morning (17/Nov) revealed that the Australian central bank is ready to provide more stimulus if needed after cutting its benchmark interes
Oil Prices Plunge Due to Lockdown
Countries across Europe have reimposed lockdown measures aimed at slowing the rate of COVID-19 infections that have been rising on the continent for the past month. Lockdowns announced by the UK and I
Russian President's Statement Boosts Oil Prices
Oil prices tried to extend gains after Russian President Vladimir Putin indicated he would be ready to extend record supply cuts in the face of the COVID-19 pandemic. Brent crude fell 1 cent to $42.4
