The yen weakens against the USD amid heightened Iran tensions, though intervention threats cap further losses near 156.50. The USD/JPY pair erased early Asian session losses, climbing back to the 156.50-156.45 range on Monday. Demand for the safe-haven US Dollar (USD) rose
PBOC sets daily reference rate below Reuters estimate, signaling modest depreciation pressure on the yuan. The People’s Bank of China set the USD/CNY reference rate at 6.8467, slightly stronger than Friday’s 6.8502 but weaker than the 6.7988 Reuters estimate. The fix guide
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 reference rate at 6.8467, compared with a forecast of 6.7988. The yuan is permitted to trade within a 2%
The Australian Dollar remains under pressure as traders await China’s Consumer Price Index figures for market direction. The Australian Dollar traded around 0.7240 against the USD during Asian hours, remaining in negative territory despite a modest rebound from a bearish o
The Australian Dollar remains under pressure near 0.7240 USD as traders await China’s April CPI and PPI figures. The AUD/USD pair traded around 0.7240 during Asian hours, remaining in negative territory despite early gains. Investors are focused on China’s upcoming Consume
The pair rebounds 50 pips in Asian trading but struggles near 1.3600 as geopolitical risks and Fed policy support the USD. The GBP/USD pair erased early losses, climbing nearly 50 pips to reclaim the 1.3600 level during Asian trading. The recovery follows a bearish gap at
Apollo weighs sale of MidCap Financial Investment Corp Apollo Global Management is considering selling its $3 billion business development company, MidCap Financial Investment Corp, due to rising loan defaults and redemption pressure. The company's loan defaults jumpe
China’s central bank will announce its daily yuan reference rate, influencing onshore trading within a 2% band around the midpoint. The People’s Bank of China is expected to set the USD/CNY reference rate at approximately 6.7988 in its daily fixing. This midpoint guides on
EUR/USD edges lower to near 1.1750 as Trump rejects new Iran peace offer The EUR/USD pair loses momentum to around 1.1765 during the early Asian session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid a cautious mood after US President Donald Trump and I
The EUR/USD pair loses momentum to around 1.1765 during the early Asian session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid a cautious mood after US President Donald Trump and Iran rejected each other’s latest peace proposals to end the war in the Mi