China’s trade surplus widened sharply in May, driven by stronger-than-expected exports and imports, lifting the Australian Dollar. China’s trade surplus surged to CNY723.98 billion in May, up from CNY585.69 billion in April, as exports rose 13.8% year-over-year compared to
Canadian Dollar bounces off late March low The USD/CAD pair edged lower during the Asian session on Tuesday. The pair had previously gained to its highest level since late March. Spot prices currently trade just below mid-1.3900s, down less than 0.05% for t
Daiwa Securities interprets BOJ Governor Ueda’s signals as a pre-emptive June hike to prevent falling behind inflation expectations. Daiwa Securities views the Bank of Japan’s anticipated June rate hike as a move to safeguard institutional credibility rather than address e
The currency pair remains range-bound after failing to extend a rebound from a three-week low near 1.3300. The GBP/USD pair trades in a tight range around 1.3350 during the Asian session, unable to sustain momentum from the previous day’s modest recovery. The pair had earl
Australia’s business sentiment improved slightly in May but stayed deeply negative, signaling persistent economic weakness and margin pressures. Australia’s NAB business confidence index rose to -14 in May from -23 in April, though sentiment remained negative across all in
The Japanese Yen declines against the USD despite threats of currency intervention, driven by Middle East tensions lifting the Dollar. The USD/JPY pair climbed to 160.20 in Asian trading on Tuesday, extending the Yen’s decline despite warnings of potential currency interve
PBOC sets USD/CNY reference rate at 6.8147 The People's Bank of China has set the USD/CNY central rate for the trading session ahead at 6.8147. This rate is compared to the previous day's fix of 6.8198. The PBOC uses a range of monetary policy instruments to achi
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 6.8147, compared with a Reuters estimate of 6.7809. The fix allows the yu
The New Zealand Dollar weakens ahead of China trade data, pressured by a firmer US Dollar amid Middle East tensions. NZD/USD trades near 0.5800 in Asian hours, extending losses from the previous session. The pair declines as the US Dollar gains support from geopolitical un
The New Zealand Dollar weakens as USD strength persists amid Middle East tensions and key economic releases from China. NZD/USD fell below 0.5800 in Asian trading on Tuesday, extending modest losses from the previous session. The decline comes as the US Dollar holds firm a
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