Tokyo and Washington spent a combined 14 trillion Yen to reverse Yen depreciation, halting a four-decade low near 164.00. The Japanese Yen stabilized at 157.50 per USD, flat on the session, after authorities spent a record 8.45 trillion Yen in a single day, followed by 5.3
UOB analysts expect gradual yuan appreciation against the USD after the pair failed to extend recent gains. The Chinese yuan advanced against the US dollar, with USD/CNH slipping to 6.7459 after a modest bounce stalled. Downside momentum remains limited, according to marke
Yuan edges lower toward 6.7300 The USD/CNH slipped to 6.7459 after a modest bounce failed to gain traction. The pair may test last week's 6.7420 low but a sustained break below is unlikely. On a 1-3 week horizon, the pair is expected to continue edging lower towar
The Australian dollar reaches its highest level in seven weeks, defying soft domestic rate expectations and thin trading conditions. The Australian dollar rose to 0.7050, its highest level in seven weeks, marking a break above the 50-day Exponential Moving Average near 0.7
Sterling stalled near 1.3500 after reclaiming key moving averages, with trading confined to a tight range amid UK political inactivity. The British pound remained trapped in a narrow range against the US dollar, unable to sustain a breakout above 1.3500. Monday’s session s
Sterling holds near 1.3450 after US private payrolls miss consensus The Pound Sterling has failed to break its range despite a weak US labour market report. US private payrolls added 44K jobs, less than half of June's 98K and below the 70K consensus. The US labour m
BofA expects the yen to strengthen 6% by year-end after coordinated currency intervention and a likely BOJ rate hike in September. Bank of America has lowered its year-end USD/JPY forecast to 149 from 152, citing coordinated currency intervention and expectations of a Bank
USD/KRW falls to 1,430 as reports of coordinated FX intervention and exporter dollar sales support the won. The South Korean won extended gains against the US dollar, with USD/KRW slipping 0.1% to 1,430. The move follows reports of coordinated foreign exchange intervention
Gold prices surge to record highs amid weaker USD and softer US economic data, while equities retreat on tech sector concerns. Gold prices climbed $169 to $4245 on Wednesday, extending gains as US Treasury yields fell 1.2 basis points to 4.61%. The rally followed softer-th
ADP private payrolls rose by 44K in July, missing forecasts and signaling a sharp hiring slowdown in the US labor market. Gold prices surged over 4% to $4,247 per troy ounce on Wednesday, driven by weaker-than-expected US labor market data. ADP private payrolls increased b
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