Weaker Australian GDP growth and heightened geopolitical tensions weigh on the Australian Dollar against the US Dollar. The AUD/USD pair fell to around 0.7180 in early Asian trading on Wednesday, extending losses below the 0.7200 mark. The decline follows weaker-than-expec
Silver prices drop to $74.70 per troy ounce as geopolitical risks weigh on investor sentiment. Silver (XAG/USD) retreated below $75.00, trading at $74.70 per troy ounce during Asian trading hours. The decline follows a modest rebound in the prior session, driven by fresh e
Geopolitical risks and Fed rate hike expectations push silver to $74.70, erasing prior gains amid inflation concerns. Silver (XAG/USD) fell to $74.70 per troy ounce in Asian trading, reversing modest gains from the previous session. Escalating Middle East hostilities, incl
Australia’s Q1 2026 GDP growth slowed to 0.3%, below the 0.5% estimate, weakening RBA rate hike expectations. The Australian Dollar retreated against the Japanese Yen, trading below its September 1990 peak near 115.00 after Australia’s first-quarter GDP growth fell short o
First-quarter GDP growth of 0.3% undershot expectations of 0.5%, signaling weaker economic momentum for Australia. Australia’s economy expanded 0.3% quarter-over-quarter in Q1 2026, down from 0.8% in Q4 2025. The figure fell short of the 0.5% consensus forecast, marking th
The People’s Bank of China set the daily yuan reference rate at 6.8184, below market forecasts of 6.7673, signaling potential depreciation pressure. The People’s Bank of China set the USD/CNY mid-point at 6.8184, weaker than the 6.7673 estimate. The yuan is permitted to tr
The Japanese Yen remains under pressure against the USD, nearing a one-month high despite warnings of potential intervention. The USD/JPY pair approached the 160.00 level during Wednesday’s Asian session, marking its highest point in a month. The yen’s decline continues as
PBOC to set USD/CNY rate at 6.7673 The People’s Bank of China sets the daily USD/CNY reference rate, a key signal in Asian foreign exchange markets. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore tradin
Satsuki Katayama states authorities stand ready to act on yen movements if necessary, aligning with Bank of Japan policy. Japan’s Finance Minister Satsuki Katayama indicated readiness to intervene in foreign exchange markets if required. The statement underscores alignment
Tokyo reiterates standard warning on currency moves, avoiding specific trigger levels amid rising market tension over yen weakness. Japan’s Finance Minister Katayama stated Tokyo is prepared to act on foreign exchange markets as needed, a standard signal of potential inter
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