Brussels and Beijing agree to address trade imbalances and market access issues by October amid rising EU imports of Chinese goods. The European Union aims to narrow its €360 billion trade deficit with China by October, as officials push for tangible results in addressing
AUD holds ground against JPY amid trade deficit The Australian dollar is steady against the Japanese Yen, trading around 112.10. The currency pair held its ground despite Australia's domestic trade data missing market expectations. The AUD showed resilience
Australia’s trade balance swung to a A$3,018 million deficit in May, missing forecasts for a A$2,200 million surplus. The Australian Dollar held near 112.10 against the Japanese Yen on Thursday, recovering earlier losses despite a surprise trade deficit. Australia’s trade
GBP/USD gains to near 1.3290 The British Pound strengthens against the US Dollar as the UK's likely next Prime Minister, Andy Burnham, has eased market concerns by pledging strict fiscal rules. The GBP/USD pair gains traction to near 1.3290 during the Asian trading
AUD/USD inches higher after modest losses The Australian Dollar has steadied following the release of domestic Trade Balance data. The AUD/USD pair is trading around 0.6900 during the Asian hours on Thursday. The pair's movement comes after registering mode
Australia’s May trade balance swung to a A$3,018M deficit, missing expectations of a A$2,200M surplus and weighing on the AUD. The Australian Dollar steadied near 0.6900 against the USD after Australia’s trade balance posted a A$3,018M deficit in May, reversing a revised A
USD/JPY holds steady around 162.55 The USD/JPY exchange rate is holding steady around 162.55 during early Asian trading hours. Traders are waiting for the key US June employment report later on Thursday. Fears of currency intervention from Japanese authorit
The People’s Bank of China sets the daily reference rate above market expectations, signaling potential yuan depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.8088, weaker than the Reuters estimate of 6.7929. The yuan is permitted to tra
The Euro gains against the Dollar after Fed remarks ease rate hike expectations ahead of key US employment figures. The EUR/USD pair climbed to 1.1380 in early Asian trading, extending gains above 1.1350. The move follows less hawkish comments from Federal Reserve official
PBOC to set daily USD/CNY rate at 6.7929 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
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