The Canadian Dollar strengthens for a third day amid softer US economic data and rising oil prices, pushing USD/CAD lower. The Canadian Dollar extended gains against the US Dollar, with USD/CAD dropping to 1.3870 in Asian trading on Monday. The decline marks the pair’s thi
Weaker US retail sales and Fed rate hike doubts weigh on the USD, while rising oil prices support the commodity-linked Canadian Dollar. USD/CAD extended its decline for a third straight session, trading near 1.3870 in Asian hours Monday. The pair dropped as the US Dollar w
Cooling US inflation and soft retail sales weigh on the USD, while RBNZ rate hike expectations lift the New Zealand Dollar to its highest since June. The NZD/USD pair rose above 0.5900 for the first time since June 3, extending gains for a second session. Weak US inflation
Nine major tech companies have $3 trillion in off-balance-sheet AI commitments The scale of off-balance-sheet AI commitments adds a layer of hidden leverage that traditional valuation metrics may be understating. These commitments are mostly tied to AI infrastructu
PBOC sets daily reference rate below Reuters poll estimate, signaling modest depreciation pressure on the yuan. The People’s Bank of China set the USD/CNY reference rate at 6.7873 for Monday’s session, slightly weaker than Friday’s fix of 6.7878. The rate came in below the
China's central bank sets the daily yuan reference rate above market expectations, signaling tighter control amid currency volatility. The People’s Bank of China set the USD/CNY reference rate at 6.7873 for today, stronger than the Reuters estimate of 6.7382. This marks th
Japan’s softer preliminary Q2 GDP data boosts the yen, pushing USD/JPY down for a second straight session. The Japanese yen strengthened against the US dollar, driving USD/JPY to around 159.10 in Asian trading on Monday. The pair extended losses for a second day following
Japan’s economy grew 0.3% in Q2 2026, below the 0.5% expected, weakening the BoJ’s case for further rate hikes. The Japanese Yen strengthened against the US Dollar, pushing USD/JPY to 159.10 in Asian trading on Monday. The move followed Japan’s preliminary Q2 GDP data, whi
Fading Fed rate hike expectations and softer US economic data weigh on the USD, lifting the GBP/USD pair above 1.3500. The GBP/USD pair climbed above mid-1.3500s in early Asian trading, nearing a three-month peak as the USD faced selling pressure. Weak US inflation and ret
Fed funds futures now price a 66.9% chance of no September hike, overshadowing Japan’s Q2 GDP miss of 1.1% annualized growth. The yen climbed 0.2% to 159.055 against the dollar, extending modest gains despite Japan’s weaker-than-expected Q2 GDP. The economy grew 1.1% annua
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