Analysis-Chile copper miner Codelco struggles to lift output off 25-year low hit in 2023
By Fabian Cambero SANTIAGO (Reuters) – Copper output at Chile state mining giant Codelco is still slumping after hitting a 25-year low last year, squeezing an already tight global market…
Morning Bid: CPI caution seems no barrier, sterling surges
A look at the day ahead in U.S. and global markets from Mike Dolan If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when…
Dollar slips ahead of CPI release; pound gains after GDP strength
Investing.com – The U.S. dollar slipped lower in early European trade Thursday ahead of a key inflation report later in the session, while strong growth data has boosted sterling. At…
UBS optimistic on British pound, sets EUR/GBP target at 0.8400
UBS expressed a positive outlook on the British pound, citing recent comments by the UK’s new Chancellor, Rachel Reeves, about the government’s growth agenda. Reeves emphasized the limited scope for…
UBS maintains EUR/USD longer-term target at 1.0500 post French election
UBS maintained its longer-term target for the EUR/USD exchange rate at 1.0500, following the French parliamentary elections. The bank noted the underperformance of the far-right National Rally (RN) and the…
UBS revises NZD/USD forecast, expects RBNZ rate cut in August
UBS updated its forecast for the New Zealand dollar (NZD), anticipating underperformance against its G10 counterparts, including the US dollar. This revision follows a previous warning issued on May 30…
Oil prices rise as crude, gasoline inventories ease
By Arathy Somasekhar (Reuters) -Oil prices gained on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent futures rose…
Gold prices advance, rate cuts in focus as CPI data looms
Investing.com– Gold prices rose in Asian trade on Thursday, benefiting from weakness in the dollar and Treasury yields as speculation over U.S. interest rate cuts grew ahead of key inflation…
Asia FX rises as dollar loses ground before CPI report
Investing.com– Most Asian currencies rose on Thursday as the dollar lost ground after comments from Federal Reserve Chair Jerome Powell sparked more optimism over interest rate cuts, putting upcoming inflation…
Oil prices rise as dollar dips ahead of CPI data; US inventories shrink
Investing.com– Oil prices rose in Asian trade on Thursday, extending recent gains as weakness in the dollar ahead of key U.S. inflation data benefited price, while bets on tighter global…
