Oil prices rebound on supply concerns following US military action targeting Iranian missile sites and vessels near the Strait of Hormuz. West Texas Intermediate crude oil climbs toward $90.60 per barrel in Asian trading, reversing a four-day losing streak. The recovery fo
GBP/USD falls to 1.3495 on US-Iran tensions The British Pound has softened against the US Dollar, falling below 1.3500. The decline is attributed to weak underlying UK data and renewed US-Iran tensions. The GBP/USD pair lost ground to near 1.3495 during the
PBOC sets the daily USD/CNY reference rate at 6.8288, below the 6.7822 Reuters estimate, signaling modest depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.8288 for Tuesday, down from Monday’s 6.8318 fix but weaker than the 6.7822 Reuter
The People’s Bank of China sets the daily reference rate above analyst expectations, signaling potential depreciation pressure on the yuan. The People’s Bank of China set the USD/CNY mid-point at 6.8288, weaker than the Reuters estimate of 6.7822. The move allows the yuan
Changpeng Zhao said he initially doubted real-world assets and stablecoins, which have since grown into a $200 billion sector. Binance founder Changpeng Zhao (CZ) revealed in a May 9, 2026 interview that he was once skeptical of real-world assets (RWA) and stablecoins. Bot
The Japanese Yen remains under pressure against a rebounding US Dollar amid geopolitical risks and Fed rate hike expectations. The USD/JPY pair traded higher in early Asian trade, hovering near 159.00 as the Japanese Yen faced downward pressure. The US Dollar regained stre
Economists overwhelmingly expect no change at Thursday’s meeting, but inflation and growth data fuel rate hike expectations by September. The Bank of Korea is set to maintain its base rate at 2.50% during its May 28 meeting, aligning with expectations from 30 of 32 economi
NZD/USD depreciates to 0.5860 The New Zealand Dollar declined due to rising risk aversion. The US Dollar advanced on safe-haven demand amid uncertainty surrounding the US-Iran peace. The NZD/USD pair had registered modest gains in the previous day.
Japan's net international investment position rose to JPY 471.8 trillion at year-end 2024, marking a new high in annual data. Japan's net international investment position reached JPY 471.8 trillion at the end of 2024, up from JPY 454.6 trillion a year earlier, according t
Safe-haven demand lifts USD as geopolitical risks rise over stalled US-Iran peace negotiations. The EUR/USD pair fell to 1.1635 in early Asian trading on Tuesday, pressured by uncertainty over the US-Iran peace deal. Investors shifted toward the USD amid heightened geopoli
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