The Euro climbs against the Dollar as traders price in potential ECB tightening despite stronger US producer inflation data. The EUR/USD pair rose to 1.1720 in early Asian trading on Thursday, recovering from earlier losses. The move follows hawkish signals from the Europe
PBOC to set daily USD/CNY rate at 6.7888 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
The cross-pair stabilizes above its 50-day moving average as yen weakness offsets modest gains, with traders targeting 214.00. The GBP/JPY pair traded near 213.50 on Wednesday, posting a marginal 0.04% gain as the yen weakened against most G10 currencies. Sellers failed to
OCBC flags fading bearish momentum in USD/SGD with resistance at 1.2720–1.28 and support near 1.2650. USD/SGD has climbed alongside broader Asian currencies but at a slower pace, reflecting the Singapore Dollar’s lower beta characteristics. The move remains milder compared
April producer prices rose sharply, outpacing estimates and signaling persistent inflationary pressures in the US economy. US producer prices for final demand jumped 1.4% in April, well above the 0.5% estimate, while the year-over-year rate accelerated to 6.0% from 4.3%. C
Revised data shows euro area GDP growth stalled at 0.1% quarter-on-quarter, with industrial output and employment weakening sharply. Euro area first-quarter GDP growth was confirmed at 0.1% quarter-on-quarter, matching preliminary estimates but marking the slowest expansio
ECB executive warns current energy price pressures may feed into output costs but demand conditions limit inflation risks compared to 2022. European Central Bank Chief Economist Philip Lane stated the current energy shock’s propagation may be more contained than in 2022 bu
US PPI rose 6% YoY, lifting US yields and the US Dollar The US Producer Price Index increased sharply in April by 6% YoY, exceeding March's 4.3% rise. The Core PPI rose by 5.2% YoY, up from March's 4%, above forecasts of 4.3%. The XAU/USD pair trades at $4,
The BOC Meeting meeting minutes are out for the April 29 meeting. International economy Middle East war increased uncertainty, pushed oil prices sharply higher, and added to global inflation pressures US economy remained relatively solid with resilient consumer spen
USD/CAD trades without a clear direction on Wednesday, hovering around 1.3700 at the time of writing, as investors balance persistent US Dollar (USD) strength against support for the Canadian Dollar (CAD) from elevated Oil prices. The pair remains close to its four-week hi
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