PBOC is expected to set the USD/CNY reference rate at 7.2574 – 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 »Forexlive Asia-pacific FX news wrap 14 Jun: BoJ leaves rates & bond purchases unchanged
Apart from the volatility in the JPY, the Asia-Pacific session has seen mostly muted flows across major asset classes. Equities: Mostly mixed with North American equity futures mixed with the…
Read More »FOMC Roundup: Fed Reconsiders Rate Cuts as Inflation Forecast Drifts Higher
Fed trims rate cut bets as inflation forecast rises. USD reclaims ground on hawkish projections, while US equities rally on lower yields despite hotter inflation outlook
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2558 – 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 »Gold price languishes near one-month low amid renewed rate jitters, bullish US Dollar
Gold price (XAU/USD) gained some positive traction on the first day of a new week and reversed a part of Friday’s post-NFP slump to the $2,287-2,286 area, or over a…
Read More »Pound Sterling Price News and Forecast: GBP/USD trades with mild gains near 1.2725
The Pound Sterling (GBP) continued its battle with the 1.2800 level against the US Dollar (USD) this week, as the GBP/USD pair lost momentum after clinching a fresh three-month top…
Read More »Gold Price Forecast: XAU/USD holds below $2,300 as China stops buying gold, US Dollar rebounds
Gold price (XAU/USD) trims losses near $2,295 despite the stronger US Dollar (USD) on Monday during the early Asian session.
Read More »US Dollar rallies on stronger than expected NFP and wage inflation data
On Friday, the US Dollar Index (DXY) expanded its winning streak following stronger-than-forecasted labor market data.
Read More »US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday
Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.
Read More »EUR/USD holds positive ground above 1.0850 ahead of ECB rate decision
The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar (USD) during the early Asian session on Thursday.
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