April unemployment in Australia climbed to 4.5%, exceeding forecasts and marking the highest level since November 2021. Australia’s unemployment rate jumped to 4.5% in April, up from 4.3% in March and above the 4.3% forecast. The increase marks the highest jobless rate sin
The Reserve Bank of India's currency intervention counters rupee weakness driven by surging oil prices and a widening current account deficit. The Reserve Bank of India's intervention has strengthened the rupee after months of selling pressure tied to soaring energy costs.
Seoul expands forex market hours to boost won accessibility and support its MSCI developed market upgrade bid. South Korea will introduce 24-hour dollar-won spot trading on July 6, marking the first continuous operation of its forex market. A trial period starts June 29 to
USD/JPY trades flat near 159.00 awaiting Iran developments The USD/JPY pair is trading calmly around 159.00. The pair's sideways movement comes as investors await fresh developments on negotiations between the US and Iran. The US Dollar Index trades margina
US Dollar Index remains steady around 99.00 The US Dollar Index, which measures the value of the US Dollar against six major currencies, is remaining steady after registering modest losses in the previous day. The index hovered around 99.10 during the Asian hours.
Australia’s unemployment rate rise in April weighs on the AUD, reversing prior gains against the USD. The Australian Dollar fell toward 0.7100 against the USD in Asian trading Thursday, erasing over 0.5% of gains from the previous session. AUD/USD traded near 0.7120 follow
The Australian Dollar pares gains versus the Yen as labor market figures fail to support further upside momentum. The AUD/JPY cross retreated to around 113.60 in Asian trading on Thursday, erasing more than half of the prior session’s 0.5% advance. The pullback followed th
April unemployment in Australia rose to 4.5%, with employment falling by 18.6K, missing forecasts and weighing on RBA rate hike bets. The Australian Dollar retreated toward a one-week low against the New Zealand Dollar on Thursday after April employment data disappointed.
PBOC sets USD/CNY mid-point at 6.8349 The People's Bank of China has set the USD/CNY mid-point at 6.8349. The yuan is allowed to fluctuate within a +/- 2% range around this reference rate. Australian banks have boosted provisions by $541M amid Middle East war r
Japan’s trade balance figures support the yen, pushing USD/JPY to 158.90 in early Asian trading for a second day. The Japanese yen extended gains against the US dollar, with USD/JPY falling to 158.90 in Thursday’s Asian session. The pair’s decline marks a second consecutiv
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