China’s central bank sets the daily USD/CNY reference rate at 6.7878, a minor strengthening from Thursday’s 6.7888 fix. The People’s Bank of China set the USD/CNY reference rate at 6.7878 for Friday’s trading session, a slight strengthening from the previous day’s fix of 6
Uber partners with Pony.ai for 2,000 robotaxis in Europe Uber is ramping up its global robotaxi coverage with operator Pony.ai. The companies plan to deploy 2,000 of Pony.ai's self-driving taxis across Europe, and expand the robotaxi partnership to the Middle East.
Cooling US inflation figures weaken the USD, lifting the EUR/USD pair to near 1.1535 in early Asian trading. The EUR/USD pair rose to 1.1535 during early Asian trading on Friday, extending gains above 1.1500. The move follows softer-than-expected US inflation data, which w
EUR/USD pair gains ground to near 1.1535 The EUR/USD pair rose during the early Asian session on Friday. The US Dollar softened against the Euro following a softer-than-expected US inflation report. The US July Retail Sales data will be released later on Fr
The daily yuan reference rate will signal policy intent amid managed float rules and US dollar volatility. The People’s Bank of China is set to announce its daily USD/CNY reference rate around 0115 GMT, with market estimates centering on 6.7413. The fixing serves as a key
Japan may intervene at any yen level to support the currency Japan's former top currency diplomat Mitsuhiro Furusawa said the yen is too weak and hurting the economy. The yen had been drifting back to around 159.50 against the USD after intervention drove it as low as
The currency pair consolidates below its 50-day SMA after UK data and yen intervention fears curb fresh directional bets. The GBP/JPY pair traded flat near 215.00 on Thursday, down 0.02%, as investors hesitated to take new positions. Caution stemmed from potential FX marke
The AI leader’s annualized revenue pace has doubled since late 2025, driven by consumer and enterprise demand for generative AI tools. OpenAI’s annualized revenue run rate has reached $40 billion, marking a sharp acceleration from its pace in late 2025. The milestone refle
The Australian Dollar holds near 0.7060 as traders await insights from RBA Governor Michele Bullock on monetary policy. The Australian Dollar traded near 0.7060 against the USD, registering modest losses after US inflation data briefly pressured the Greenback. The AUD/USD
Softer US inflation data and mixed jobless claims prompt Fed rate hike repricing, while hawkish RBA signals support the Aussie. The Australian Dollar steadies around 0.7060 USD, posting a slight 0.01% dip as traders digest US inflation data and RBA commentary. US Producer
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