investingLive Americas FX news wrap 15 May: Powell exits as inflation fears roar
US major indices close lower. Declines today erase the week’s gains. Powell exits after one of the wildest Fed eras in history Gold tumbles lower today on the back of…
Read More »Asian FX: Dollar strength caps RMB-led optimism – OCBC
OCBC’s strategist Christopher Wong says Asian FX remains constrained by a firm Dollar and higher US yields, despite some optimism around US–China talks. The Renminbi (RMB) is the main outperformer…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7946 – Reuters estimate
Earlier: Goldman Sachs says yuan 20% undervalued, lifts forecasts to 6.50 in a year – The People’s Bank of China is due to set the daily USD/CNY reference rate at…
Read More »Gold rebounds from over one-month low; upside potential seems limited
Gold (XAU/USD) attracts some buyers during the Asian session on Tuesday and reverses a part of the previous day’s downfall to the $4,500 mark, or over a one-month low.
Read More »Australian Dollar gathers strength on RBA rate hike expectations, Hormuz tensions simmer
AUD/USD gains traction to around 0.7215 during the early Asian session on Monday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as traders anticipate a rate hike…
Read More »Gold continues to consolidate amid the US-Iran stalemate and the more hawkish Fed
FUNDAMENTAL OVERVIEW Gold has been stuck in a consolidation for almost a month now despite lower real yields, looser financial conditions and a weaker US dollar. The main thing that’s…
Read More »Pound Sterling trades lower at the start of BoE policy week
The Pound Sterling (GBP) faces selling pressure against its major currency peers, but is marginally higher against the US Dollar (USD) around 1.3545, during the European trading session on Monday.
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