China sets yuan reference rate above estimates while Georgia adds $100m in gold reserves amid global demand surge. China’s central bank set the USD/CNY reference rate at 6.8150, weaker than the 6.7819 estimate, signaling potential depreciation pressure on the yuan. The mov
The Euro edges up as traders await a 25 basis point ECB rate hike to combat inflation amid energy supply risks. The EUR/USD pair trades marginally higher at 1.1550 in Asian trading, supported by expectations of a European Central Bank rate increase. The ECB is set to raise
The currency pair climbs above key moving averages, signaling sustained bullish momentum with potential to test April highs. EUR/JPY rose for a fourth consecutive session, trading near 185.30 in Asian hours Thursday. The cross remains above its nine-day and 50-day EMAs, re
The Australian dollar recovers from a two-month low as softer US core inflation data reduces USD strength, though Fed rate hike bets limit gains. The AUD/USD pair climbed back above the 0.7000 mark on Thursday after hitting a two-month low earlier in the session. The recov
XAG/USD rebounds from an 11-week low amid Middle East conflict and mixed US inflation data, capping gains. Silver prices (XAG/USD) climbed to $64.00 per troy ounce in Asian trading, recovering from an 11-week low of $61.50 hit earlier. The metal’s dual role as a safe-haven
US Dollar Index falls despite safe-haven demand The US Dollar Index is holding losses after registering minor gains in the previous day. The index measures the value of the US Dollar against six major currencies and is trading around 100.00. Money markets a
Today’s yuan midpoint sets 0.5% weaker than Reuters’ estimate, signaling potential depreciation pressure on the currency. The People’s Bank of China set the daily USD/CNY reference rate at 6.8150, compared with a Reuters poll estimate of 6.7819. The fix allows the yuan to
PBOC sets USD/CNY reference rate above Reuters estimate, signaling potential easing in currency support. The People’s Bank of China set the daily USD/CNY reference rate at 6.8150, weaker than the previous fix of 6.8130 and above the 6.7819 Reuters estimate. The move sugges
EUR/USD trades near 1.1540 on ECB rate hike bets The EUR/USD pair is trading in positive territory near 1.1540. Rising bets on a European Central Bank rate hike underpin the Euro. The ECB is set to deliver its June policy meeting decision later on Thursday.
The daily yuan reference rate reflects China’s exchange rate policy amid USD strength and domestic economic signals. The People’s Bank of China will announce its USD/CNY reference rate around 0115 GMT, with Reuters estimating a midpoint near 6.7819. The fixing serves as a
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