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Silver Shines, US Dollar Wavers

From monetamarkets.com

On June 5, 2025, global markets are navigating a mix of economic data, trade uncertainties, and monetary policy expectations. The US Dollar (DXY at 98.90) recovers modestly after weak US data (ISM Services PMI at 49.9, ADP at 37K) but remains capped by Fed rate-cut bets (70% for two 25 bps cuts in 2025) and fiscal concerns. Silver (XAG/USD) rises to $34.50 on safe-haven demand, while EUR/USD holds steady at 1.1400 ahead of an expected ECB rate cut to 2%. USD/JPY dips to 143.70, supported by BoJ rate-hike expectations despite JPY softness. AUD/USD trades at 0.6500 after Australia’s trade surplus narrows (A$5,413M), ... (full story)

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  • Category: Fundamental Analysis