US dollar makes weekly gains on renewed trade deal optimism

May 10, 2025

The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement. While the Federal Reserve held rates steady, the Bank of England cut them. Bitcoin’s resurgence above $100,000 signals a renewed appetite for risk.

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Metal prices likely to keep upward pressure on WPI in coming months: Union Bank of India

A Union Bank of India report indicates metal prices may increase the Wholesale Price Index. While overall WPI dropped in April 2025, metal prices rose.

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