Forex
The US Dollar Index (DXY) fell sharply to the 99.60 level after climbing to a three-month high earlier in the session, as investors locked in profits despite the United States (USD) Core Producers Price Index (PPI) rising 0.4% MoM in May and holding at 4.9% YoY.
West Texas Intermediate (WTI), futures on NYMEX, trade almost 3% lower to near $87.60 during the European trading session on Thursday.
Commodities
Gold (XAU/USD) trades with minor gains on Thursday but remains struggling below $4,100, amid geopolitical uncertainty and rising bets on Federal Reserve (Fed) rate hikes.
West Texas Intermediate (WTI) oil price pares its recent gains from the previous day, trading around $87.60 per barrel during the European hours on Thursday.
Forex
Here is what you need to know on Thursday, June 11:
Forex
The AUD/USD pair trades 0.14% higher to near 0.7007 during the European trading session on Thursday. The Aussie pair gains as the US Dollar (USD) ticks lower after the release of the softer monthly United States (US) Consumer Price Index (CPI) data for May.
Commodities
Silver price (XAG/USD) claws back its early losses and rises to near $64.10 during the early European trading session on Thursday. The white metal attracts bids amid hopes that the April ceasefire between the United States (US) and Iran remains intact despite the exchange of attacks this week.
Commodities
Global markets turned sharply risk-off as President Trump’s threat of hard strikes on Iran sent WTI crude back above US$90 and revived stagflation fears. Hot US CPI data reinforced expectations of a higher-for-longer Federal Reserve stance, pressuring equities, bonds, and precious metals. Technology stocks led losses as stretched AI valuations and mega-IPO liquidity concerns weighed on sentiment, while Asia Pacific markets opened broadly lower amid renewed currency stress.
Forex
The EUR/USD pair trades slightly higher to near 1.1550 during the Asian trading session on Thursday. The major currency pair edges higher as the Euro (EUR) gains ahead of the European Central Bank’s (ECB) monetary policy announcement at 12:15 GMT.
Commodities
Silver (XAG/USD) remains under pressure on Wednesday and trades around $64.70 at the time of writing, down 1.02% on the day.
