Live Updates

8 May 2025
During the Asian session, WTI crude oil trades at approximately $58.10 following a drop in US inventories

WTI oil rebounds on lower US inventories; trade tensions and tariff uncertainty pressure global demand outlook.

8 May 2025
Brazil’s central bank unanimously increased interest rates to 14.75%, emphasising the need for flexibility and vigilance

Brazil’s Central Bank raises Selic rate, highlighting inflation risks; future policy depends on evolving economic indicators.

8 May 2025
After the Fed’s rate decision, EUR/USD remains stable around 1.1300, reflecting traders’ apprehension

EUR/USD steadies near 1.1300 amid Fed’s cautious stance and rising expectations of July rate cuts.

8 May 2025
South Korea’s currency reserves decreased to a five-year low amid US trade tensions and interventions

South Korea’s forex reserves dip $5B in April amid currency stabilisation efforts; won rebounds 3.3%.

8 May 2025
The unemployment rate in Switzerland stayed steady at 2.8% for the month of April

Global markets steady as Swiss jobless rate holds; crypto surges past $3.1T amid policy shifts.

8 May 2025
Hawkesby noted New Zealand’s economy is subdued, with labour data reflecting a lack of confidence

Global market strains, tariff impacts, and economic uncertainty challenge New Zealand’s outlook amid slower global activity.

8 May 2025
After the Fed’s rate decision, the Mexican Peso appreciated against the US Dollar, trading at 19.61

Mexican Peso strengthens as Fed holds rates; USD/MXN drops amid economic uncertainty and rate cut expectations.

8 May 2025
US stocks increased following Trump’s comments on chip exports; Powell maintained a cautious stance on rates

Fed keeps rates steady amid uncertainty; markets rise after Trump chip decision; Powell signals cautious outlook.

8 May 2025
Following the Fed’s decision to maintain rates, EUR/USD fluctuated as Powell cautioned on tariffs affecting targets

EUR/USD rose briefly as Fed holds rates steady; market eyes possible future cuts amid tariff concerns.

8 May 2025
Amid geopolitical shifts, Ukraine contemplates adopting the euro as its primary currency instead of the dollar

Ukraine may shift from the U.S. dollar to the euro, driven by trade changes and EU integration.

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