Cooler US inflation data reduces Fed rate hike bets, weakening the USD and lifting the British Pound ahead of key UK employment figures. The GBP/USD pair climbed to near 1.3550 in early Asian trading on Tuesday, extending gains as the US Dollar softened. Traders scaled bac
Cooler US inflation data reduces Fed rate hike bets, lifting GBP/USD ahead of key UK employment figures. The GBP/USD pair rose to near 1.3550 in early Asian trading as the US Dollar weakened. Cooler US inflation and retail sales data have trimmed expectations for a Federal
PBOC sets USD/CNY reference rate above Reuters estimate, signaling potential easing in currency support amid policy objectives. The People’s Bank of China set the USD/CNY reference rate at 6.7905 for Tuesday, weaker than Monday’s 6.7873 fix and above the 6.7452 Reuters est
The currency pair stabilizes around 1.1575-1.1580 as rising oil prices stoke inflation concerns, bolstering the USD. The EUR/USD pair remains steady near 1.1575-1.1580 during Tuesday’s Asian trading session, halting a modest recovery from its two-month low. Persistent infl
The People’s Bank of China sets the daily reference rate above market expectations, signaling potential yuan depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.7905, weaker than the Reuters estimate of 6.7452. The fix allows the yuan to t
Rising crude prices and geopolitical tensions bolster the USD, offsetting recent Fed rate hike doubts and capping EUR gains. The EUR/USD pair remains steady around 1.1575-1.1580 in early Asian trading, halting a pullback from its two-month high. A modest USD rebound, drive
The Australian Dollar climbs against the USD as expectations for further Federal Reserve rate hikes diminish. The AUD/USD pair extended its rally for a third consecutive session, reaching approximately 0.7110 during Tuesday’s Asian trading hours. The Australian Dollar’s st
Fading US rate hike expectations and softer economic data weigh on the USD, lifting the Australian dollar to a three-day high. AUD/USD climbed to 0.7110 in Asian trading Tuesday, extending gains for a third straight session. The rally follows a sharp decline in Fed rate hi
Beijing rolls out a multi-department plan to expand retail access and infrastructure in lower-tier regions, aiming to boost underpenetrated demand. China has introduced a nine-department initiative to accelerate consumption in county-level and lower-tier markets, focusing
China’s central bank shifts to shorter-tenor operations to improve precision in managing daily money market rates. The People’s Bank of China is transitioning to overnight reverse repos as its primary short-term liquidity tool, replacing the 7-day instrument. This change a
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