China’s central bank sets the daily yuan midpoint above market expectations, signaling potential depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.7882, weaker than the 6.7430 estimate. The fix allows the yuan to trade within a 2% band a
The currency pair remains range-bound as traders await German HICP and US CPI reports for directional cues. The EUR/USD pair traded sideways around the mid-1.1500 level during Wednesday’s Asian session, reflecting cautious sentiment ahead of critical inflation releases. Th
EUR/USD holds near mid-1.1500s ahead of US CPI release The EUR/USD pair is steady around mid-1.1500s during the Asian session on Wednesday. The pair's movement is being influenced by traders awaiting the release of key US inflation data. Oil-driven inflatio
The daily yuan reference rate, a key policy signal, reflects China’s managed float system and influences onshore trading within a 2% band. The People’s Bank of China is poised to set the USD/CNY reference rate at approximately 6.7430, a closely monitored benchmark in Asian
The currency pair remains flat at 215.17 as traders hesitate ahead of key resistance at the 50-day moving average. The GBP/JPY pair closed Tuesday unchanged at 215.17, with buyers reluctant to challenge the 50-day Simple Moving Average at 215.43. This level is seen as the
Analysts note fading bearish momentum in USD/SGD as technical resistance levels emerge after recent declines. USD/SGD traded near 1.28 after retreating from post-US payroll declines, with OCBC analysts observing waning bearish momentum. The pair consolidated overnight, wit
The Reserve Bank of Australia left rates unchanged at 4.35% and will not meet again until late September, leaving the AUD to trade on USD data. AUD/USD traded marginally higher at 0.7050 on Tuesday after the Reserve Bank of Australia (RBA) held its cash rate at 4.35% in a
UOB forecasts the Chinese yuan to trade in a tight range but expects the US dollar to weaken toward 6.7300 in coming weeks. UOB analysts Quek Ser Leang and Lee Sue Ann project USD/CNH will remain in a narrow intraday range, citing flat momentum indicators. The pair shows l
USD/CNH expected to remain in narrow range The Chinese yuan is likely to continue its range trade against the US dollar. The USD/CNH is expected to remain confined in a narrow intraday range, reflecting flat momentum indicators. Over the next 1–3 weeks, the dolla
The yen has surrendered more than four of the nine yen gained in Tokyo's historic 8.45 trillion Yen intervention last month. USD/JPY hovered near 159.50 on Tuesday, erasing over half the gains from Japan's record 8.45 trillion Yen intervention on July 30-31. The pair has c
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