US House panel approves Trump tax cut bill, a possible vote on passage this week

A key congressional committee, the House panel, early Monday approved President Donald Trump’s tax cut bill, paving the way for a possible passage in the House of Representatives later this week.

May 19, 2025

USD/CAD holds steady above mid-1.3900s amid mixed cues; remains confined in a familiar range

The USD/CAD pair struggles to gain any meaningful traction during the Asian session on Monday and remains confined in a familiar range held over the past week or so. Spot prices currently trade around the 1.3965-1.3970 region, nearly unchanged for the day amid mixed fundamental cues.

Gold price struggles to capitalize on modest intraday gains to $3,250 area

Gold price (XAU/USD) attracts buyers during the Asian session on Monday as a surprise downgrade of the US government's credit rating tempers investors' appetite for riskier assets and boosts demand for traditional safe-haven assets.