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Here is what you need to know on Wednesday, October 15:Gold extends its impressive rally to a new record-high above $4,200 on Wednesday as markets assess the latest headlines surrounding the US-China relations. The US economic calendar will feature weekly Mortgage Applications and NY Empire State Manufacturing Index data for October. Policymakers from major central banks will be delivering speeches throughout the day as well.US President Donald Trump said late Tuesday that they were considering terminating some trade ties with China, causing the US Dollar (USD) to weaken against its rivals. US Dollar Price This week The table below shows…

U.S. President Donald Trump reacts as he welcomes Argentina’s President Javier Milei at the White House in Washington, D.C., U.S., October 14, 2025. | Photo Credit: REUTERS/Jonathan Ernst US President Donald Trump has called the BRICS grouping an “attack” on the US dollar, claiming that he threatened nations seeking to join the bloc with tariffs following which “everybody dropped out”. BRICS comprises Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates. Trump has often threatened to impose additional tariffs on the bloc for what he calls its “anti-American” policies. The BRICS nations have voiced…

The rupee recovered 88 paise from its all-time closing low to 87.93 against US dollar in early trade on Wednesday, on easing dollar index after the US Fed indicated more rate cuts in the current year. Forex traders said all decline in crude oil prices and reports of RBI intervention supported the domestic currency. At the interbank foreign exchange market the rupee opened at 88.74 against the US dollar, then gained momentum and touched 87.93, registering a gain of 88 paise from its previous close. It was later trading at 88.33 against the American currency. On Tuesday, the rupee depreciated…

The rupee recovered 88 paise from its all-time closing low to 87.93 against US dollar in early trade on Wednesday, on easing dollar index after the US Fed indicated more rate cuts in the current year.Forex traders said all decline in crude oil prices and reports of RBI intervention supported the domestic currency. At the interbank foreign exchange market the rupee opened at 88.74 against the US dollar, then gained momentum and touched 87.93, registering a gain of 88 paise from its previous close.It was later trading at 88.33 against the American currency. On Tuesday, the rupee depreciated 13 paise…

Gold (XAU/USD) touches a fresh all-time peak during the Asian session on Wednesday, with bulls now eyeing a move towards conquering the $4,200 round figure amid the global anxiety. Investors now seem worried about economic risks stemming from the protracted Russia-Ukraine war, fresh US-China trade tensions, and a prolonged US government shutdown. This has been a key factor driving safe-haven flows towards the bullion amid dovish Federal Reserve (Fed) expectations.In fact, traders have been pricing in a greater chance that the US central bank will lower borrowing costs two more times by the end of this year. The outlook drags…

Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said early Wednesday that recent data has been a little stronger than expected, adding that inflation is likely to be stronger than forecast in the third quarter (Q3). Key quotesRecent data has been a little stronger than expected.Inflation likely to be stronger than forecast in Q3.Labour market and economic conditions might be tighter than assumed.Employment growth has slowed by more than expected.Uncertainty about the global outlook remains elevated.Board will adjust policy as appropriate as new information comes to hand.Slower productivity lowers economy’s speed limit and pace at which wages can grow.Slower productivity linked…

The Euro (EUR) advances against the US Dollar (USD) on Tuesday, with EUR/USD erasing earlier losses as the Greenback weakens amid renewed US-China trade tensions and growing expectations of a more dovish Federal Reserve (Fed) stance. At the time of writing, EUR/USD trades near 1.1600, rebounding from intraday lows around 1.1542.French politics continue to cloud the Euro’s broader outlook after the abrupt resignation and swift reappointment of Prime Minister Sébastien Lecornu, who faces an uphill battle to push through the 2026 budget bill. Speaking at the National Assembly earlier Tuesday, Lecornu said, “We are living in a period of crisis.…

Even more than the Gold market, the real momentum continues to be seen in other precious metals markets, most recently, particularly in Silver, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen reports. Silver remains priced cheaper than Gold”After Silver prices surged to a new record high of just over $53 per ounce — a gain of up to 120% since the beginning of the year — a correction began early this morning. The sharp price increase over the past few days has also been driven by supply concerns, as seen in other metal markets.” “Reports indicate that physical…

The rupee depreciated 12 paise to revisit its all-time low of 88.80 (provisional) against the US dollar on Tuesday, weighed down by negative domestic equities and overnight gains in the American currency.Forex traders said foreign fund outflows amid a risk-off mode globally further dented investor sentiment.However, a decline in crude oil prices and reports of RBI intervention supported the local unit and restricted the slide.At the interbank foreign exchange, the rupee opened at 88.73 against the greenback and fell to an intraday low of 88.81 and a high of 88.73. It finally closed the day at 88.80 against the greenback,…

Dow Jones futures fall 0.48% to trade below 46,100 during European hours on Tuesday, ahead of the opening of the United States (US) regular session. The S&P 500 futures slip 0.72% to move below 6,650, while Nasdaq 100 futures decline 0.91% to trade around 24,700 at the time of writing. Traders will likely observe the speech from US Federal Reserve (Fed) Chair Jerome Powell later in the day.US index futures lose ground as market caution increases after the United States (US) and China decided to impose additional port fees on ocean shipping companies. The US is scheduled to start collecting…