The Australian Dollar weakens slightly in Asian trading ahead of key Trade Balance figures due later today. The Australian Dollar (AUD) retreated against the US Dollar (USD) on Thursday, trading near 0.7230 after two consecutive days of gains. The pair’s decline comes as i
AUD/USD trades lower at 0.7230 The Australian Dollar has edged lower against the US Dollar, trading around 0.7230 during Asian hours. This decline comes after two days of gains for the AUD. The AUD may still gain ground against the USD if the US and Iran re
The USD/JPY pair struggles to capitalize on the previous day's goodish rebound from its lowest level since February 24, around the 155.00 psychological mark, and oscillates in a narrow band during the Asian session on Thursday.
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, und
Finance Minister Mimura signals readiness for additional verbal intervention as yen movements draw scrutiny. Japan’s Finance Minister reiterated close monitoring of foreign exchange markets, hinting at potential further verbal intervention to stabilize the yen. The remarks
EU parliament trade chief Bernd Lange says good progress has been made on EU-US trade deal legislation but more work remains, with the next trilogue set for May 19 in Strasbourg. Summary: European Parliament trade committee chair Bernd Lange said negotiators have made good
The European Union trade committee chair indicates unresolved issues remain in discussions with the US on a potential trade agreement. The European Union’s trade committee chair stated that negotiations with the United States on a trade deal are not yet finalized, requirin
EU trade committee chair says deal with US needs more work The European Union and the United States have yet to finalize a trade deal. The EU trade committee chair cited the need for further negotiations. A deal between the two economic powers would have si
March trade surplus forecast at 4,250 million AUD, down from 5,686 million in February, potentially weighing on the currency pair. Australia’s trade surplus is expected to narrow to 4,250 million AUD in March, down from 5,686 million in February. The data will be released
RBNZ’s Breman: Growth to be slightly slower but still expected this year Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Thursday that she anticipates slightly elevated near-term inflation, adding that growth to be slightly slower but still expected this...