China’s central bank sets the daily yuan reference rate at 6.7889, above Reuters’ estimate of 6.7480, signaling modest currency support. The People’s Bank of China set the USD/CNY reference rate at 6.7889 for Wednesday’s trading session, slightly stronger than Tuesday’s fi
China’s central bank sets the daily yuan midpoint above market expectations, signaling potential policy shifts amid currency volatility. The People’s Bank of China set the USD/CNY reference rate at 6.7889, compared with a market estimate of 6.7480. The fix allows the yuan
Yen weakness raises risk of broader Asian currency depreciation The Japanese Yen's weakness has contributed to Japan's inflation problem and raised the risk of broader depreciation of Asian currencies. The US Treasury Secretary noted that many Asian currencies, inc
The daily yuan reference rate, a key policy signal, will guide trading within a 2% band amid broader FX and economic conditions. The People’s Bank of China is poised to set the USD/CNY reference rate at approximately 6.7480, a closely monitored benchmark in Asian currency
New Zealand’s unemployment rate climbs to its highest level in a decade, weighing on the NZD against the USD. The New Zealand Dollar fell below 0.5900 against the US Dollar, trading near 0.5875 in early Asian hours. The decline follows a rise in New Zealand’s unemployment
New Zealand’s unemployment rate rose to 5.6% in Q2, exceeding forecasts and weighing on the Kiwi Dollar. The New Zealand Dollar fell against the US Dollar, trading near 0.5875 in early Asian hours after data showed unemployment surged to 5.6% in the June quarter, the highe
The currency pair recovers modestly following coordinated US and Japanese market intervention to support the yen. EUR/JPY pared losses with a 0.56% gain on Tuesday, trading near 181.90 after authorities intervened to strengthen the Japanese yen. The move follows three stra
The New Zealand Dollar gains 0.3% ahead of Q2 employment figures, with unemployment expected to edge higher to 5.4%. NZD/USD climbed 0.3% to 0.5886 on Wednesday, recovering from recent losses as risk sentiment improved and the US Dollar softened. The pair rebounded after r
The currency pair fell below a key trendline as optimism over a potential US-Israel deal boosted risk appetite. The USD/CHF pair declined 0.16% on Tuesday, breaking below a critical trendline as the US Dollar weakened amid improved risk sentiment. The move followed renewed
The currency pair fell 0.16% as the US Dollar weakened on geopolitical optimism, targeting the 50-day SMA at 0.8042. The USD/CHF pair declined 0.16% to trade below 0.8100 on Tuesday, pressured by a softer US Dollar amid improved risk sentiment. Renewed hopes for a US-Israe
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