PBOC is expected to set the USD/CNY reference rate at 7.3484 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »USD/CAD strengthens above 1.4100 on tariff pause
The USD/CAD pair recovers some lost ground to near 1.4105 during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to…
Read More »EUR/USD jumping back above 1.1000, taking some pressure off ‘risk’ FX
I posted on the weakness in AUD and NZd: AUD/USD and NZD/USD soft, US equity index futures also very heavy Both have bounced 30+ points from their lows, with the…
Read More »Shares bruised, dollar crumbles as Trump tariffs stir recession fears
Original source: https://www.investing.com/news/stock-market-news/shares-bruised-dollar-crumbles-as-trump-tariffs-stir-recession-fears-3966939
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2591 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Stocks skid, dollar at 3-week top as Trump announces auto tariffs
Original source: https://www.investing.com/news/stock-market-news/stocks-skid-dollar-at-3week-top-as-trump-announces-auto-tariffs-3950731
Read More »European officials concerned over relying on Fed for USD funding in times of mkt stress
Reuters carry the report on discussions between European central banking and supervisory officials questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times…
Read More »NZD/USD extends its upside to near 0.5750, eyes on US PPI release
The NZD/USD pair extends its upside to around 0.5740 during the early Asian session on Thursday, bolstered by the weaker US Dollar (USD).
Read More »Japanese Yen remains on the front foot amid hawkish BoJ expectations
The Japanese Yen (JPY) attracts fresh buyers at the start of a new week and moves back closer to its highest level since October touched against a broadly weaker US…
Read More »Pound Sterling Price News and Forecast: GBP/USD climbs as US Dollar weakens due to falling yields
The Pound Sterling (GBP) advanced early in the North American session, bouncing off a two-day low of 1.2605, as the Greenback weakened due to falling US Treasury yields.
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