Geopolitical tensions in the Strait of Hormuz lift the USD, pressuring the NZD ahead of RBNZ’s expected rate decision. The New Zealand Dollar extended losses against the US Dollar, trading near 0.5700 in Asian hours Tuesday. Renewed tensions in the Strait of Hormuz, where
The pair retreats slightly after hitting a two-week peak but holds above critical support amid mixed technical signals. The AUD/USD pair eased from a two-week high of 0.6960 during Tuesday’s Asian session, snapping a three-day winning streak. The pullback lacks strong bear
XAG/USD drops 1.35% amid renewed energy supply concerns after Iran targets ships in the Strait of Hormuz. Silver (XAG/USD) fell 1.35% to near $61.00 in Asian trading Tuesday, extending losses as oil prices rose. The decline follows reports that Iran fired missiles at comme
China’s central bank increases Hong Kong bond access quota as USD/CNY fixing misses estimates, signaling yuan support measures. The People’s Bank of China raised the Southbound Bond Connect quota to 800bn CNY, expanding Hong Kong’s gold and bond market links. The move coin
Japan's cash earnings growth slowed to 3.2% year on year in May Japan's preliminary cash earnings growth slowed to 3.2% year on year in May, down from 3.6% in April. The slower wage growth is unlikely to stop the Bank of Japan from raising interest rates further.
Cooling US jobs data and lower oil prices reduce expectations for Federal Reserve rate hikes, weakening the USD. GBP/USD climbed to 1.3390 in Asian trading, marking its ninth straight session of gains. The rally follows a pullback in Fed rate hike expectations after softer
Southbound Bond Connect quota increased to 800 billion yuan The Southbound Bond Connect quota has been increased to 800 billion yuan from 500 billion yuan, expanding mainland investors' access to Hong Kong's bond market. This move is expected to support demand for
Unverified reports claim a former Tsinghua professor was briefly held after comparing China's outlook to Japan's lost decades. An unverified social media post alleges a former Tsinghua University associate professor was detained and had his accounts erased after delivering
China’s central bank set the USD/CNY fixing higher than expected, signaling potential yuan weakness amid market volatility. The People’s Bank of China set the USD/CNY reference rate at 6.8054, above the 6.7838 estimate from analysts. The move allows the yuan to trade withi
The currency pair remains near a two-week high amid elevated risks in the Strait of Hormuz supporting the US dollar. The EUR/USD pair continued its sideways movement in early Asian trading on Tuesday but stayed firmly above the 1.1400 level. The pair remains close to a nea
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