The US dollar softened broadly against a basket of Asian currencies on Thursday, June 4, with the dollar index falling 0.7% to 101.3 after Federal Reserve minutes released late Wednesday signalled that policymakers remain divided over the timing of the first interest rate cut. The Japanese yen strengthened to 147.2…
Day-ahead power prices across continental Europe tumbled to multi-year lows this week as a record stretch of solar generation, mild temperatures, and high wind output overwhelmed midday demand. German baseload prices traded below €20 per MWh on several afternoons, with negative prints recorded in Spain, the Netherlands, and parts of…
Brent crude slipped below $80 per barrel for the first time since February after Saudi Arabia signaled it will lift production by roughly 400,000 barrels per day beginning in July, a move that has raised fresh concerns about cohesion within the OPEC+ alliance. The kingdom’s decision follows months of frustration…