PBOC sets USD/CNY reference rate above Reuters estimate, signaling modest depreciation pressure on the yuan. The People’s Bank of China set the daily USD/CNY reference rate at 6.7939, weaker than Thursday’s 6.7906 fix and above the 6.7795 Reuters estimate. The adjustment r
China's central bank sets the daily yuan fixing stronger than market expectations, signaling potential policy intent amid currency volatility. The People’s Bank of China set the USD/CNY reference rate at 6.7939, above the 6.7795 estimate. The move allows the yuan to trade
Core CPI aligns with expectations, easing pressure on the BOJ to adjust rates ahead of next week’s meeting. Japan’s core consumer price index rose 1.6% year-on-year in June, matching forecasts and marking a slight increase from May’s 1.4%. The data left USD/JPY little chan
The daily yuan reference rate, a key policy signal, may guide the currency within a 2% trading band amid market pressures. The People’s Bank of China is poised to set the USD/CNY reference rate around 6.9, a closely monitored benchmark in Asian FX markets. The midpoint, de
Sterling falls 0.45% to near 1.3300, driven solely by USD demand amid U.S.-led geopolitical risks and data flows. GBP/USD declined 0.45% to trade near 1.3300, marking a sixth consecutive session of losses without any domestic UK catalysts. The pair peaked just below 1.3400
UOB analysts maintain a bearish outlook for the offshore yuan, targeting 6.7600 if resistance at 6.7820 holds. The offshore Chinese yuan (USD/CNH) is expected to retain a mild downside bias, with UOB analysts targeting a move toward 6.7600 over the next one to three weeks.
EUR/JPY rises for third day on ECB rate hike expectations The European Central Bank's hawkish forward guidance is driving the euro's advance against the yen. The ECB is expected to raise rates in September, with inflation risks tilted to the upside. The Japanese
US labor data beats forecasts, lifting USD and pressuring risk-sensitive currencies like the New Zealand Dollar. NZD/USD fell to near 0.5770 on Thursday as the US Dollar strengthened following stronger-than-expected US labor market data. Initial Jobless Claims dropped to 1
The currency pair holds above 218 for a third session, supported by a bullish chart pattern amid intervention concerns. The GBP/JPY pair remains steady at 218.17, marking its third consecutive day of consolidation above the 218 level. A bullish harami pattern on the charts
The currency pair holds above 218.00 amid Bank of England tightening speculation but faces resistance near 219.00 due to yen intervention risks. The GBP/JPY pair remains steady at 218.17, marking its third consecutive day of consolidation. A bullish harami pattern suggests
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