Geopolitical tensions in the Strait of Hormuz and hawkish Fed signals lift the US Dollar, pressuring the Canadian Dollar. USD/CAD climbed to 1.4020 in Asian trading Friday, extending gains for a second day as safe-haven demand bolstered the US Dollar. Escalating tensions i
PBOC sets USD/CNY reference rate above Reuters estimate, signaling slight depreciation pressure on the yuan. The People’s Bank of China set the USD/CNY central parity rate at 6.7904 for Friday’s session, weaker than Thursday’s fix of 6.7895. The rate also exceeded the Reut
China’s central bank sets the daily yuan fix stronger than market expectations, signaling potential policy shifts amid currency volatility. The People’s Bank of China set the USD/CNY reference rate at 6.7904, above the 6.7548 estimate from analysts. The move suggests a tig
The yen remains under pressure after disappointing household spending data, while traders await U.S. nonfarm payrolls for further direction. The USD/JPY pair stabilized near its weekly low, consolidating gains after Japan’s household spending fell more than expected in Jun
Investors await US nonfarm payrolls to gauge Fed policy direction, keeping the yen near weekly lows against the dollar. The USD/JPY pair remains near mid-158.00s, holding gains from this week’s recovery after dipping to 155.25-155.20 in May. Traders are cautious ahead of t
The ECB was notified only after euros were sold to fund yen purchases, signaling limited coordination among major central banks. The European Central Bank was informed of the US-Japan yen intervention only after the trade was executed, highlighting a narrowly coordinated e
Finance Ministry data reveals Japan's largest yen-buying intervention totaled $39.64 billion on April 30 to counter weakness. Japan intervened with a record 6.28 trillion yen ($39.64 billion) in a single day to prop up the yen during thin Golden Week liquidity in late Apri
The daily yuan reference rate reflects China’s managed float system and influences onshore trading within a 2% band. The People’s Bank of China will announce its daily USD/CNY reference rate around 0115 GMT, with market estimates targeting 6.7548. The midpoint serves as a
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United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH is trading with a soft underlying tone, with scope for the Dollar to test support levels near 6.7420 in the short term, while a sustained break lower is seen as unlikely. Over the 1–3 week
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