Silver prices retreat from a six-day rally, trading at $87.30 ahead of high-stakes US-China trade discussions. Silver (XAG/USD) erased earlier gains and fell below $87.50 per troy ounce, settling near $87.30 during Asian trading on Thursday. The decline snapped a six-day w
Hotter-than-expected US inflation figures bolster the USD, pressuring the Australian Dollar to near 0.7250 in Asian trade. The AUD/USD pair declined to around 0.7250 during Thursday’s Asian session, driven by stronger-than-anticipated US inflation data. The figures reinfor
US producer prices surged 6.0% YoY in April, bolstering the USD and pressuring the Australian Dollar ahead of key US-China talks. The AUD/USD pair retreated to near 0.7250 in Asian trading Thursday, weighed by stronger-than-expected US inflation data. The US Producer Price
PBOC sets the daily reference rate at 6.8401 CNY per USD, the strongest level in three years, lifting offshore yuan. The offshore yuan strengthened to its highest level since February 2023, trading at 6.8401 CNY per USD. The move follows the People’s Bank of China setting
Traders remain cautious as the currency pair stabilizes after six consecutive sessions of gains before key trade discussions. The USD/CAD pair traded steady around 1.3700 in Asian hours Thursday, pausing after six straight days of gains. Market participants adopted a wait-
PBOC sets daily USD/CNY reference rate below Reuters poll estimate, signaling modest depreciation pressure on the yuan. The People’s Bank of China set the USD/CNY reference rate at 6.8401 for Thursday’s session, down from 6.8426 the previous day but weaker than the 6.7888
PBOC sets USD/CNY rate at 6.8401 The PBOC has set the USD/CNY reference rate for today at 6.8401. This rate allows the yuan to fluctuate within a +/- 2% range. Standard Chartered notes suspected Japanese FX intervention totalling around $65 billion has shif
Investors hold positions ahead of key US retail data and high-stakes trade discussions between US and Chinese leaders. The USD/JPY pair remains unchanged at 157.85 in early Asian trading on Thursday. Market participants are adopting a cautious stance before the US-China su
Finance minister cites excessive won swings and Samsung labor strike as growing economic risks amid external uncertainty. South Korea’s finance minister stated the Korean won’s volatility has exceeded levels justified by economic fundamentals. The currency is expected to s
Japan's FX intervention totals $65 billion Japan's suspected foreign exchange intervention has shifted the yen from undervalued to overvalued. The intervention totals around $65 billion, appreciating the yen by 1% to 2%. Japanese authorities appear to defend a 15
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