XAG/USD rises over 1% but struggles to break above the 23.6% Fibonacci retracement level amid mixed technical signals. Silver (XAG/USD) climbed more than 1% on Tuesday, trading near $75.75 during the Asian session, but remains within a multi-day range. The metal faces resi
The People’s Bank of China sets the daily reference rate above market forecasts, signaling potential yuan depreciation pressure. The People’s Bank of China set the USD/CNY central parity rate at 6.8187, weaker than the 6.7720 estimate. The move allows the yuan to trade wit
Markets price in potential Reserve Bank of Australia tightening after comments on rising inflation and demand pressures. A Reserve Bank of Australia board member indicated that stronger domestic demand and capacity constraints may force further policy tightening. Ian Harpe
Japan’s finance minister confirms close coordination with Washington on currency markets as oil volatility raises intervention risks. Japan’s Finance Minister Katayama declined to discuss potential currency intervention but confirmed active coordination with the US on fore
China’s central bank will announce its daily yuan reference rate, a key policy signal for onshore trading within a 2% band. The People’s Bank of China is expected to set the USD/CNY reference rate at approximately 6.7720, guiding onshore trading for the day. The midpoint,
Euro rises to 1.1635 amid Middle East tensions The EUR/USD pair has posted modest gains around 1.1635. The potential upside is limited due to Middle East tensions. Iran's halt to US negotiations and closure of the Strait of Hormuz may prompt risk-off sentim
Tokyo targets a temporary reduction in food consumption tax to 1% to ease living costs amid fiscal concerns and political timing. Japan is preparing to cut its food sales tax to 1% from the current 8% starting April 2027, lasting two years. The move aims to support househo
AUD/USD slips to two-day low of 0.7134 The Australian Dollar edged down 0.30% on Monday due to heightened geopolitical risks. The US Dollar Index rose 0.24% to 99.18, driven by increased tensions between the US and Iran. The AUD/USD pair was also impacted b
Volkmar Baur at Commerzbank argues that market concerns over Japan’s fiscal stance are exaggerated, even after a new 3.1 trillion JPY supplementary budget funded largely by debt. He highlights that net debt ratios are far below gross figures and projected to decline, leavi
ING’s Frantisek Taborsky expects Central and Eastern European FX to start the month cautiously despite improving sentiment and busy local data. He sees limited room for further hawkish repricing in Poland and the Czech Republic, more scope for dovish moves in Hungary, and
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