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GIC provides the latest news about forex and commodities which influence market movements.
US Dollar Drops to One-Year Low of 100.78
On Friday, the dollar fell to a one-year low against a basket of currencies, while the euro hit a one-year peak, as traders raised expectations that the U.S. Federal Reserve’s interest rate hike
Australia's Unemployment Rate Stagnates Around 3.5% In March
Australia unemployment data - According to data released by the Australian Bureau of Statistics (ABS), the seasonally adjusted unemployment rate remained at 3.5 percent in March. Lauren Ford, ABS head
Oil Prices Hold at 1-Month High Ahead of US CPI Data
In today's import exports, world crude oil prices experienced little movement for the Asian session. Holding near a one-month high as the market awaits the latest cues from US inflation data to be ann
Australia, China Agree to Resolve Barley Dispute
Australia and China have reached an agreement to resolve their dispute over malted barley imports, Australian Foreign Minister Penny Wong confirmed on Tuesday, the latest sign of improving relations b
S&P 500 Stocks, US Treasury Yields Plunge on China News
Risk appetite refers to an investor's propensity to take risks by purchasing riskier or higher-performing assets, such as stocks, in the financial markets. today's stock news: S&P 500 plunges
World Gold Prices Drop Ahead of US NFP Payroll Data
Gold prices are trading lower in international and domestic markets as investors remain cautious ahead of the release of US non-farm payroll data on April 7. However, even though gold prices
US Dollar Under Pressure Due to Weak Economic Data
On Wednesday, the dollar fell and remained under pressure near two-month lows as weak U.S. economic data showed signs the Federal Reserve is nearing the end of its tightening cycle. US Dollar Weake
RBA Pauses Rate Hike to Watch Inflation Impact
On Tuesday, the Reserve Bank of Australia (RBA) decided to keep interest rates at 3.6%, ending a run of 10 consecutive rate hikes. Central Bank of Australia The decision came aft
Gold Prices Drop Due to OPEC+ Oil Production Cuts
Gold prices are currently reported to be weakening as traders assess the likely path of the Federal Reserve's monetary policy after data showed a decline in US manufacturing activity and as OPEC+ prod
Asian Stocks Plunge as OPEC+ Cuts Oil Output
Stock prices in Asia plunged today as investors worried about inflation after a surprise cut to oil production targets by the OPEC+ group, while Treasury yields plunged after weak US manufacturing dat
Australian Dollar (AUD/USD) Slips 0.2% on Rate Pause
The Australian dollar and New Zealand dollar have slumped since Monday ahead of a Reserve Bank of Australia (RBA) policy meeting, with market bets on a first break after back-to-back interest rate hik
AUD/USD Surges Above 0.6730 As China PMI Data Improves
AUD/USD has jumped above 0.6730 today on better than expected PMI figures from China's National Bureau of Statistics (NBS). AUD/USD Today Manufacturing PMI has reached 51.9, which is hig
