Geopolitical tensions and upcoming Federal Reserve minutes weigh on the euro, keeping the pair near 1.1400 in thin trading. The EUR/USD pair remains above 1.1400 in early Asian trading but fails to gain traction as renewed US-Iran tensions bolster the US dollar. Thin marke
China’s central bank sets the daily yuan reference rate above market expectations, signaling potential depreciation pressure. The People’s Bank of China set the USD/CNY mid-point at 6.8077, compared with a forecast of 6.8018. The yuan is permitted to trade within a 2% band
RBA may tighten policy if oil shock lifts inflation The RBA will act as needed to return inflation to target, with some tightening possible if the oil shock increases inflation expectations. The recent oil shock has led to falls in consumer and business confidence,
Japanese Yen strengthens against US Dollar The Japanese Yen is edging higher against the US Dollar, with the USD/JPY pair trading near 162.35. The gain is attributed to fears of possible intervention by Japanese authorities to support the currency. This com
China’s central bank sets the daily yuan reference rate, influencing onshore trading within a 2% band around the midpoint. The People’s Bank of China is set to announce its daily USD/CNY reference rate, with market estimates pointing to a fixing near 6.8018. The midpoint s
The Australian Dollar declines 0.39% against the USD as geopolitical risks boost safe-haven demand for the greenback. The Australian Dollar dropped 0.39% to 0.6928 against the US Dollar, hitting a two-day low amid escalating Middle East tensions. The USD strengthened as in
South Korea’s KOSPI dipped into bear territory as institutional outflows offset retail support amid tech sector concentration concerns. Institutional investors are exiting South Korean equities en masse, driving the KOSPI into a brief bear market, according to iFlow data.
Oil prices rise as Washington retaliates with military action and revokes Iranian crude export licenses amid escalating Strait of Hormuz tensions. Brent crude settled 3% higher near $74.00 per barrel after the US launched strikes on Iran and revoked its crude oil export li
The Euro fell to a one-week low near 1.1406 as Middle East tensions boosted the Dollar, overshadowing hawkish ECB remarks. The Euro retreated to its weakest level since last Wednesday, closing at 1.1406, despite hawkish-leaning comments from a typically dovish European Cen
GBP/JPY loses 0.24% as Yen recovers The GBP/JPY cross-pair reversed course on Tuesday, losing 0.24% as the Japanese Yen recovered some ground against most G8 FX currencies. The recovery did not extend to the US Dollar. The cross-pair trades at 216.51 after re
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