China's central bank sets the yuan reference rate above market expectations, signaling tolerance for further depreciation amid global dollar strength. The People’s Bank of China set the USD/CNY reference rate at 6.8209, weaker than the 6.8048 estimate. The move follows a b
GBP/USD pair recovers to near 1.3175 The GBP/USD pair has recovered some lost ground to near 1.3175 during the Asian trading hours on Thursday. The potential upside for the major pair might be limited amid UK political instability. Rising expectations of US
AUD/USD trades around 0.6900 The Australian Dollar remains subdued following the release of domestic labor market data. The AUD/USD pair continues its losing streak for the eighth consecutive day. The pair is trading around 0.6900 during the Asian hours on
The currency pair drops despite Fed rate hike expectations as the US Dollar declines in early Asian trading. USD/CAD retreated to 1.4230 in Asian trading on Thursday, ending a winning streak that began June 10. The decline follows a broader weakening of the US Dollar, even
The Canadian Dollar gains against the USD despite Fed signals of potential rate hikes by year-end amid cooling oil prices. The USD/CAD pair retreated to 1.4230 in Asian trading, ending a winning streak as the US Dollar weakened despite growing expectations of Federal Reser
May unemployment fell to 4.4%, aligning with expectations and supporting the Australian dollar amid steady labor demand. Australia’s unemployment rate declined to 4.4% in May from 4.5% in April, matching market forecasts. The Australian Bureau of Statistics reported the da
May data shows unemployment falling to 4.4% as employment surges 40.3K, matching consensus but failing to lift AUD/USD. Australia’s unemployment rate declined to 4.4% in May from 4.5% in April, matching market expectations. The economy added 40.3K jobs, reversing a revised
China’s central bank sets the daily yuan fix stronger than expected, signaling potential FX intervention amid liquidity adjustments. The People’s Bank of China set the USD/CNY reference rate at 6.8209, above the 6.8048 estimate from traders. The yuan is permitted to trade
The New Zealand dollar weakens for a seventh session, trading near multi-month lows as the US dollar strengthens ahead of key inflation data. The NZD/USD pair fell for a seventh consecutive day, trading near 0.5640 as the US dollar maintained its bullish momentum. Spot pri
The daily yuan reference rate will signal policy intent amid managed float rules and USD volatility. The People’s Bank of China is poised to set the USD/CNY reference rate at approximately 6.8045, a key benchmark for the yuan’s daily trading band. This midpoint guides the
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