NZD/USD trades lower at 0.5840 The New Zealand Dollar has dropped in value due to escalating conflict in the Middle East. The NZD/USD exchange rate had previously seen two days of gains. Traders are exercising caution ahead of the release of June food infla
Escalating geopolitical risks and rising oil prices fuel inflation concerns, pressuring the New Zealand dollar ahead of key inflation data. The New Zealand dollar retreated to 0.5840 against the USD in Asian trading on Thursday, reversing two days of gains. Investors adopt
The daily yuan reference rate, a key policy signal, will guide onshore trading within a 2% band around the midpoint. The People’s Bank of China is poised to set the USD/CNY reference rate at approximately 6.7577, a closely monitored benchmark in Asian FX markets. The fixin
UOB analysts see further downside for the US dollar against the yuan after a sharp drop to 6.7691. The US dollar fell sharply against the offshore Chinese yuan, with USD/CNH dropping to 6.7691, prompting a shift in short-term bias toward yuan strength. Analysts noted the m
UOB analysts forecast a downside bias for USD/CNH toward 6.7600 over 1-3 weeks as momentum shifts after a sharp drop to 6.7691. The offshore Chinese yuan strengthened against the US dollar, with USD/CNH falling sharply to 6.7691, defying earlier expectations of range-bound
The Singapore Dollar rose 0.3% against the USD, supported by strong growth and low inflation, trading in a tight range since mid-June. The USD/SGD pair declined 0.3% to 1.3910, driven by broader US Dollar weakness. The Singapore Dollar has remained resilient, consolidating
All surveyed economists expect a 25bp hike Thursday, with markets focusing on the governor’s guidance for future tightening steps. The Bank of Korea is poised to raise its policy rate by 25 basis points at its Thursday meeting, as unanimous forecasts reflect expectations o
The survey underscores how yen weakness is now a bigger earnings concern for many Japanese firms than the BOJ's tightening path itself, with more than half viewing the currency's slide as a net negative despite the usual boost it gives exporters. That's a notable shift giv
China’s second-quarter GDP growth fell to 4.3% year-on-year, missing forecasts and increasing pressure for fiscal and monetary stimulus. China’s economy expanded by 4.3% year-on-year in the second quarter, down from 5.0% in the first quarter and below market expectations o
Weaker-than-expected US inflation figures weigh on the USD, lifting EUR/USD as traders anticipate a less aggressive Fed. The EUR/USD pair climbed 0.41% to 1.1466 on Wednesday after US inflation data came in softer than expected, reducing pressure on the US dollar. Market p
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