PBOC sets daily USD/CNY reference rate below Reuters estimate of 6.7945, signaling modest depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.8426 for Tuesday’s session, down from Monday’s 6.8467 fix but above the 6.7945 Reuters estimate.
China’s central bank sets the USD/CNY fixing above expectations, signaling potential yuan depreciation pressure. The People’s Bank of China set the daily USD/CNY reference rate at 6.8426, compared with a market estimate of 6.7945. The move allows the yuan to trade within a
The pair remains supported by nine-day and 50-day EMAs, with RSI at 60 signaling near-term buyer control. AUD/USD retreated slightly to 0.7240 in Asian trading Tuesday after two sessions of gains, maintaining a bullish bias within an ascending channel. The pair stays above
Japan’s household spending fell 2.9% YoY in March, missing estimates and pressuring the JPY amid broader economic concerns. The USD/JPY pair climbed to a four-day high, trading near the mid-157.00s, up 0.15% as Japan’s household spending declined for the fourth straight mo
Finance leaders from Japan and the US reaffirmed bilateral cooperation on forex markets and strategic sectors during a two-hour meeting. Japan’s Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent held a two-hour meeting on Monday to discuss financial
The Euro weakens against the Dollar amid geopolitical risks and anticipation of key US CPI figures due later this week. The EUR/USD pair fell to near 1.1775 in early Asian trading on Tuesday, extending losses below the 1.1800 mark. The decline comes as investors adopt a ca
The daily yuan reference rate will signal policy intent amid managed float rules and market volatility pressures. The People’s Bank of China is poised to set the USD/CNY reference rate around 6.7945, a key benchmark for the yuan’s daily trading band. The midpoint, determin
Geopolitical risks and anticipation of US CPI data weigh on the Euro, pushing the pair to 1.1775 in early trading. The EUR/USD pair fell to 1.1775 in early Asian trading Tuesday, pressured by escalating US-Iran tensions and caution ahead of April’s US inflation report. Tra
Bessent presses Japan to prioritize monetary tightening amid 10 trillion yen in suspected currency market interventions. US Treasury Secretary Scott Bessent arrived in Tokyo to push Japan toward Bank of Japan rate hikes instead of large-scale yen intervention. The visit fo
Traders await Australia’s budget deficit forecast of A$25 billion and Q1 wage growth data amid muted AUD response to strong Chinese inflation. The Australian Dollar traded near 0.7250, failing to break above 0.7280 for a fourth session as markets await key domestic data. R