Global market sentiment weakened as anxiety about the Middle East war, the energy price shock, inflation spike and the resultant rise in interest rates weighed heavily on sentiment.
The British pound weakened against other major currencies in the European session on Friday, as investors weighed a potential leadership challenge to Prime Minister Keir Starmer from Greater Manchester Mayor Andy Burnham, as well as concerns over inflation risks. Burnham announced on Thursday that...
The British pound weakened against other major currencies in the European session on Friday. The pound fell to more than 1-month lows of 0.8728 against the euro and 1.3329 against the U.S. dollar, from early highs of 0.8701 and 1.3394, respectively. Against the Swiss franc and the yen, the pound...
The Indian rupee weakened against the U.S. dollar in the European session on Friday, due to growing worries about India's foreign exchange reserves and the center's intention to raise import duties on gold and silver. The Indian government declared early on Wednesday that import taxes on gold and...
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday as Asian stock markets traded lower, amid concerns over the re-escalation of the Middle East conflict after ship attacks and seizures near the Strait of Hormuz....
The U.S. dollar strengthened against other major currencies in the Asian session on Friday. The U.S. dollar rose to near 1-1/2-month highs of 1.1643 against the euro and 1.3352 against the pound, from yesterday's closing quotes of 1.1662 and 1.3390, respectively. Against the yen and the Swiss...
The New Zealand dollar weakened against other major currencies in the Asian session on Friday. The NZ dollar fell to nearly a 2-week low of 0.5864 against the U.S. dollar, from Thursday's closing value of 0.5903. Against the yen and the euro, the kiwi slipped to 4-day lows of 92.99 and 1.9856...
The Australian dollar weakened against other major currencies in the Asian session on Friday. The Australian dollar fell to 3-day lows of 1.6248 against the euro and 113.65 against the yen, from yesterday's closing quotes of 1.6166 and 114.26, respectively. Against the U.S. and the Canadian dollars,...
The U.S. Dollar value edges higher as Middle East tensions continue in the absence of a peace deal while market focus shifts to U.S.-China summit anticipating possible announcements on Chinese intervention to defuse the U.S.-Iran conflict.
The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, as India's wholesale price inflation has increased, markets focused on the trajectory of interest rates. Data from the Ministry of Commerce and Industry showed India's wholesale price inflation accelerated...
Positive sentiment generated by the strong earnings updates from the corporate sector as well as the AI momentum eclipsed the pain created by the war-led spike in crude oil prices and a potentially hawkish monetary policy action.
The U.S. Dollar value inched higher amid stalled U.S.-Iran peace talks keeping the Strait of Hormuz shut for oil trade while economists parsed the U.S. producer price data releases.
Continuing uncertainty surrounding the geopolitical situation in the Middle East as well as concerns about the hotter-than-expected inflation readings from the U.S. weighed on global market sentiment.
The New Zealand dollar weakened against other major currencies in the late Asian session on Wednesday, as Asian markets traded lower, as surging crude oil prices renewed global inflationary pressures amid the re-escalation in the Middle East conflict following the U.S. rejection of Iran's peace proposal....
The New Zealand dollar weakened against other major currencies in the late Asian session on Wednesday. The NZ dollar fell to a 2-day high of 1.2189 against the Australian dollar, from an early high of 1.2143. Against the U.S. dollar, the kiwi dropped to 0.5936 from an early high of 0.5952. Against...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.