PBOC is expected to set the USD/CNY reference rate at 6.7174 – Reuters estimate
The fixing mechanism matters most right now because of what it has been signalling over recent weeks. The PBOC set its reference rate at the widest weak side deviation from…
Read More »EURUSD Technicals: The EURUSD bounces and retraces the declines from the PPI
The EURUSD moved lower following the stronger-than-expected U.S. PPI data, but the sellers could not extend the decline through the next key target area. The low reached 1.1593, stopping short…
Read More »Malaysian Ringgit: Range-bound risks and key levels against US Dollar – OCBC
OCBC’s Christopher Wong notes that Bank Negara Malaysia (BNM) kept the OPR at 2.75% and struck a slightly firmer tone, with growth expected to stay resilient into 2027. The economist…
Read More »Latin American markets mixed as dollar softens, oil prices rise
Original source: https://www.investing.com/news/stock-market-news/latin-american-markets-mixed-as-dollar-softens-oil-prices-rise-93CH-4883262
Read More »Singapore Dollar: Range-bound consolidation outlook against US Dollar – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao note that USD/SGD has eased from 1.2800 to around 1.2700 as the softer US Dollar (USD) and global risk sentiment dominate.
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7248 – Reuters estimate
Earlier: Goldman flags China stimulus risk as growth slips further below target — The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115…
Read More »AUD/USD Price Forecast: Bulls target YTD high after breakout
The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury…
Read More »Australian Dollar reverses as Iran risks lift USD ahead of Fed minutes
The Aussie Dollar reversed its course against the Greenback on Tuesday as investors remain uncertain of the outcome of the Middle East conflict, which tends to push energy prices higher,…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7421 – Reuters estimate
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most…
Read More »British Pound hits three-month highs at 1.3570 amid generalised US Dollar weakness
The British Pound (GBP) extends gains for the second consecutive day on Monday, as investors cut back US Dollar (USD) long positions, amid a dovish repricing of the Federal Reserve’s…
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