The Swiss Franc remains subdued against the USD near 0.7870, reflecting investor repricing of Federal Reserve rate hike expectations. The USD/CHF pair traded steady near 0.7870 in early European trading on Monday, close to its highest level since April 30. The Swiss Franc’
April retail sales and industrial production in China fell short of forecasts, weighing on regional markets amid rising oil prices and bond yields. China’s April economic data undershot expectations, with retail sales rising just 0.2% year-over-year against a forecast of 2
The Australian Dollar weakens as economic indicators from China weigh on investor sentiment and demand for the currency. The Australian Dollar declined for a third straight session, trading at 0.7130 against the USD in Asian hours on Monday. The move follows weaker-than-ex
NZD/USD trades near 0.5830 The New Zealand Dollar faces selling pressure due to weak Chinese economic data. The NZD/USD pair is in negative territory during Asian trading hours. The pair holds losses below 0.5850.
Weaker-than-expected Chinese retail sales and industrial production weigh on the Kiwi, while Fed rate hike bets rise. The NZD/USD pair fell to around 0.5830 in Asian trading, pressured by disappointing Chinese economic data. China’s April retail sales grew just 0.2% year-o
XAG/USD declines for a third day as Middle East tensions fuel inflation concerns and hawkish Fed expectations. Silver prices fell to $74.20 per troy ounce, extending losses for a third consecutive session amid rising expectations of prolonged higher interest rates from the
The British Pound falls to 1.3300 against the US Dollar, extending a five-day losing streak amid political uncertainty and geopolitical tensions. The GBP/USD pair declined to 1.3300, its lowest level since April 8, during Monday’s Asian trading session. The move extends a
PBOC sets USD/CNY reference rate above Reuters estimate, signaling potential easing amid economic growth concerns. The People’s Bank of China set the daily USD/CNY reference rate at 6.8435, weaker than Friday’s 6.8415 fix and above the 6.8086 Reuters estimate. The adjustme
China’s central bank set the daily USD/CNY reference rate above market expectations, signaling potential yuan depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.8435, weaker than the 6.8086 estimate. The fix allows the yuan to trade withi
USD/JPY rises for sixth day The US Dollar is gaining value against other currencies due to the US Federal Reserve's shift toward a more aggressive stance. The USD/JPY is trading around 158.90, extending its gains for the sixth successive day. This shift in the Fe
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