Asian tech stocks slide as AI rally unwinds, oil set for biggest weekly gain since April Oil steady despite fresh wave of strikes across Gulf, Iraq and Iran Rupee nears record low as RBI intervenes but oil, risk aversion weigh China's SAFE says FX market stable, resilient amid...
EUR/JPY extends its losses for the second consecutive day, trading around 185.70 during the Asian hours on Friday. The currency cross is holding above both the nine-period and 50-period Exponential Moving Averages (EMAs), which reinforces a constructive near-term bias
What stands out in SAFE's remarks is as much what wasn't emphasized as what was: the regulator devoted little specific commentary to the yuan's level or direction beyond a passing reference to stability, which could be read as a signal that Beijing currently has limited concern...</strong
Chinese Yuan loses as safe-haven demand lifts US Dollar USD/CNH gains ground for the second successive day, trading around 6.7760 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) receives support from escalating developments surrounding conflic
Japanese Yen softens on renewed US-Iran tensions, Japan flags intervention risk The USD/JPY pair posts modest gains near 162.40 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as the United States (US) launches a new
AUD/USD pair slides to 0.7980 region amid US-Iran tensions The AUD/USD pair has slid to the 0.7980 region due to escalating US-Iran tensions. The US Dollar has gained support from a combination of factors, including concerns about energy-driven inflation and bets f
Geopolitical risks from US strikes on Iran drive risk-off sentiment, pushing the British pound to a near-term low against the dollar. The GBP/USD pair fell below 1.3500, trading at 1.3470 in Asian hours, as escalating Middle East tensions spurred a flight to safety. US mil
Daily USDT trades in Venezuela averaged USD 44 million, nearing 75% of the nation’s monthly oil export value. Venezuela saw USD 1.389 billion in USDT trades on Binance’s peer-to-peer platform between June 11 and July 13, averaging USD 44 million daily. The volume equaled r
Silver price falls amid interest rate concerns Silver is trading around $55.50 per troy ounce. The drop is attributed to escalating Middle East tensions driving oil prices. Silver is on track to drop over 7% this week.
China’s central bank sets the daily yuan fix stronger than expected, signaling potential support amid market volatility. The People’s Bank of China set the USD/CNY reference rate at 6.7934, above the estimated 6.7734. The yuan is permitted to trade within a 2% band around
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