The currency pair falls to 0.6930-0.6925 as demand for the safe-haven USD strengthens on geopolitical risks. The AUD/USD pair extended its weekly decline, retreating from a two-and-a-half-week peak near 0.6970 to the 0.6930-0.6925 range during Asian trading. The move follo
Dollar Index remains stronger at 101.10 The US Dollar Index is remaining stronger for the second successive day, trading around 101.10 during the Asian session. The index measures the value of the US Dollar (USD) against six major currencies. Middle East te
Geopolitical risks in the Middle East drive USD strength, with traders eyeing Tuesday’s US CPI data for Fed policy clues. The US Dollar Index (DXY) extended gains for a second day, trading near 101.10 in Asian markets as escalating Middle East tensions boosted safe-haven d
Geopolitical risks drive demand for the USD, lifting the pair to 1.4165 and ending a four-day CAD rally. The USD/CAD pair climbed to 1.4165 during Asian trading hours, halting a four-day decline for the Canadian Dollar. The move follows a new wave of US strikes against Ira
Geopolitical escalation in the Middle East drives demand for the safe-haven USD, pressuring the CAD ahead of key inflation data. The USD/CAD pair climbed to near 1.4165, ending a four-day decline as the US Dollar strengthened against the Canadian Dollar. The move follows U
NZD/USD trades around 0.5750 The New Zealand Dollar has declined due to increased safe-haven demand for the US Dollar. The NZD/USD currency pair has depreciated after three days of losses. The pair is trading around 0.5750 during Asian hours on Monday.
Geopolitical risks drive demand for the US Dollar, pushing NZD/USD lower despite New Zealand's economic rebound in June. The New Zealand Dollar weakened against the US Dollar, with NZD/USD trading near 0.5750 in Asian hours on Monday. The decline follows three consecutive
PBOC sets yuan reference rate higher than estimate The People's Bank of China set the USD/CNY reference rate at 6.7972. The rate is higher than the estimated 6.7850. The yuan is allowed to fluctuate within a +/- 2% range around this reference rate.
PBOC sets the daily reference rate 17 pips firmer than Friday’s fix and 122 pips above Reuters estimates. The People’s Bank of China set Monday’s USD/CNY central parity rate at 6.7972, a 17-pip strengthening from Friday’s 6.7989 fix. The move came in 122 pips above the 6.7
Escalating geopolitical risks in the Middle East bolster the safe-haven USD, capping gains in the British Pound despite BoE rate hike bets. The GBP/USD pair trades below 1.3400, struggling to regain momentum after a gap-down open near 1.3370. The British Pound finds limite
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