Finance Minister Koo Yun-cheol signals concern over the won's depreciation, marking the current exchange rate as overly strong. South Korea’s Finance Minister Koo Yun-cheol described the USD/KRW exchange rate at mid-1,500 as "excessive" during a cabinet meeting. The statem
The Canadian Dollar weakens as USD demand rises amid falling oil prices and contrasting Bank of Canada-Fed policy outlooks. The USD/CAD pair trades near 1.4170 in Asian trading, recovering from a minor pullback after reaching its highest level since April 2025. The Canadia
Silver loses over 1% due to hawkish Fed stance Silver price slips to near $64.50 per troy ounce. The decline comes after registering modest gains in the previous day. The hawkish policy outlook at the Federal Reserve affects the non-yielding Silver
XAG/USD falls over 1% after Fed officials hint at potential rate hikes in coming months, weighing on non-yielding assets. Silver prices (XAG/USD) declined more than 1% to near $64.50 per troy ounce in Asian trading Tuesday, reversing modest gains from the prior session. Th
The British Pound falls against the US Dollar as political instability in the UK weighs on investor sentiment. The GBP/USD pair declined to near 1.3245 in early Asian trading on Tuesday, extending losses below the 1.3250 level. The move follows the resignation of UK Prime
Sterling falls as Keir Starmer's resignation fuels uncertainty over UK fiscal policy and leadership transition. The GBP/USD pair declined to 1.3245 in early Asian trading, pressured by political instability in the UK. Prime Minister Keir Starmer resigned after Labour’s by-
The People’s Bank of China set the USD/CNY reference rate above market expectations, signaling potential yuan depreciation pressure. The People’s Bank of China set the daily USD/CNY reference rate at 6.8171, weaker than the 6.7762 estimate from analysts. The fix allows the
Tokyo confirms bilateral agreement on decisive steps but avoids signaling imminent yen intervention amid stable USD/JPY reaction. Japanese Finance Minister Katayama confirmed a nearly one-hour call with US Treasury Secretary Bessent on Monday, reaffirming a bilateral pact
Japan's flash composite PMI rose to 52.5 in June Japan's flash composite PMI increased to 52.5 in June, its strongest in three months. The manufacturing PMI was 54.9, exceeding expectations of 54.5. The input cost reading surged to a near four-year high, driven by M
The daily yuan reference rate will signal policy intent amid managed float rules and market volatility pressures. The People’s Bank of China is poised to set the USD/CNY reference rate around 6.7762, a key benchmark for the yuan’s daily trading band. The midpoint, determin
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