Category forex

China Manufacturing PMI Rises

China's manufacturing PMI rose to 50.3 in June China's official Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in June. The reading came in above the market consensus of 50.1. This increase may have implications for the Australian Dollar.

Japan Ready To Act On Forex

Japan prepared to take action on forex Japan's Chief Cabinet Secretary is always ready to take necessary action on forex. The statement was made at a regularly scheduled press conference. A former senior BOJ official expects the central bank's next rate hik

PBOC Set to Fix USD/CNY Midpoint Near 6.7877

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 6.7877 in its daily fixing. This midpoint serves as

Euro Weakens Against USD

EUR/USD trades near 1.1415 The Euro has softened against the US Dollar, with the EUR/USD pair trading with mild losses around 1.1415. This decline is attributed to reduced bets on European Central Bank rate hikes. The pair's movement is being closely watche