S&P Global Ratings reaffirms Indonesia’s stable investment-grade rating, bolstering the rupiah and pressuring USD/IDR to 18,110. The Indonesian rupiah strengthened for a second day, pushing USD/IDR to 18,110 in Asian trading after S&P Global Ratings reaffirmed Indonesia’s
China’s economy expanded 4.3% year-on-year in Q2, missing forecasts and marking its slowest pace in over three years. China’s GDP grew 4.3% year-on-year in the second quarter, below the 4.5% estimate and the weakest pace since late 2020. Quarter-on-quarter growth matched e
Second-quarter expansion falls short of 4.5% estimates as property downturn and oil shocks weigh on recovery. China’s economy expanded 4.3% year-on-year in the second quarter, below the 4.5% forecast and down from 5.0% in Q1. The pace marks the slowest growth since late 20
The New Zealand Dollar remains resilient near 0.5825 against the US Dollar as traders weigh China’s weaker-than-expected GDP data. The New Zealand Dollar (NZD) traded at 0.5825 against the US Dollar (USD) in Asian hours, maintaining gains despite softer Chinese economic da
The Australian Dollar gains for a second day as China’s economic indicators boost confidence in regional trade prospects. AUD/USD climbed to 0.6980 during Asian trading on Wednesday, extending gains for a second consecutive session. The move follows the release of key econ
China’s mixed economic data and weaker US inflation boost the Australian Dollar, lifting AUD/USD to near 0.6980. AUD/USD climbed to around 0.6980 in Asian trading on Wednesday, extending gains for a second day. The Australian Dollar strengthened after China, its largest tr
The Canadian dollar strengthens against the USD, hitting a four-week high near 1.4040 amid rising oil prices and Bank of Canada policy expectations. The USD/CAD pair extended losses for a second consecutive session, dropping to a four-week low near 1.4040-1.4045 during Asi
Softer US inflation data reduces Fed rate hike expectations, while rising crude prices bolster the Canadian dollar near 1.4045. The USD/CAD pair fell to a four-week low of 1.4045-1.4040 in Asian trading, extending its decline for a second session. The drop follows weaker-t
China's new home prices fell 3.3% year-on-year in June China's new home prices continued to decline, marking the fourth consecutive year of decreases. The decline was 3.3% year-on-year in June, a slight improvement from the 3.5% decline in May. The month-on-month de
Softer US CPI figures for June reduce Fed rate hike bets, lifting the pound against the dollar in early trading. The GBP/USD pair climbed to 1.3405 in early Asian trading Wednesday, extending gains above 1.3400. The move follows softer-than-expected US inflation data for J
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