PBOC sets daily USD/CNY reference rate below Reuters estimate, signaling modest depreciation pressure on the yuan. The People’s Bank of China set the USD/CNY central parity rate at 6.8109 on Friday, down from 6.8150 the previous day but above the 6.7640 Reuters forecast. T
Michael Selig’s unilateral authority at the CFTC is accelerating rule changes and expanding the agency’s role in digital asset regulation. CFTC Chair Michael Selig, the agency’s only sitting commissioner, wields sole decision-making power over crypto assets, prediction mar
Geopolitical tensions and upcoming UK economic data cap gains in the pound after a 100-pip rally against the dollar. The GBP/USD pair slipped from near 1.3400 in Asian trading Friday, failing to extend a 100-pip intraday rally. Investors remain cautious ahead of UK macroec
Hotter US producer inflation lifts the dollar, pushing the yen to a near-term low against the greenback in early Asian trade. The USD/JPY pair climbed to around 160.25 in early Asian trading Friday, supported by stronger-than-expected US Producer Price Index data. The hott
The USD/JPY pair gains traction to near 160.25 during the early Asian session on Friday. Hotter-than-expected US Producer Price Index (PPI) data provides some support to the US Dollar (USD) against the Japanese Yen (JPY) Traders will keep an eye on the preliminary r
BOK Governor Shin Hyun-song indicates a near-term rate increase as inflation exceeds the 2% target and oil prices rise. Bank of Korea Governor Shin Hyun-song stated that interest rates must be raised "on time" to ensure price stability, citing inflation above the central b
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday. Crude oil prices declined following statements from US President Donald Trump indicating that
The Bank of Japan's June 10 accounts outline reserves, foreign currency assets, and investments in bonds and equity-linked funds. The Bank of Japan published its June 10 accounts, detailing holdings across multiple asset classes. These include coins reserved for circulatio
Nikkei index rises over 4% due to potential US-Iran agreement The Nikkei share index saw a significant gain of over 4% due to a potential deal between the US and Iran. Technology shares led the Nikkei's gain, with other markets such as South Korea's Kospi also seei
PBOC to set daily USD/CNY rate at 6.7640 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
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