The British Pound gains ground against the US Dollar as softer US inflation data weighs on the greenback. The GBP/USD pair climbed to near 1.3500 in early Asian trading on Thursday, extending modest gains. The move follows a softer US Dollar, driven by tame US inflation da
Cooler US CPI data reduces Fed rate hike bets, lifting the pound ahead of key UK Q2 GDP figures due Thursday. The GBP/USD pair climbed toward 1.3500 in early Asian trading, supported by a softer US Dollar after July’s inflation data undershot expectations. The US Consumer
Tokyo’s $200 billion in liquid reserves and Fed-backed facilities leave room for further yen defense, despite nearing IMF classification thresholds. Japan’s ability to intervene in currency markets remains intact, with approximately $200 billion of its $1 trillion foreign
Japan has $1 trillion in dollar reserves for intervention Japan's capacity for yen intervention is not a concern, with about $200 billion in cash or cash equivalents available. The timing and trigger for intervention are the key variables, with weak US data or a BOJ m
The US Dollar Index weakens in Asian trading after failing to sustain gains above 100.00 amid cooling bets on Federal Reserve tightening. The US Dollar Index (DXY) retreated below the 100.00 level during Asian trading, unable to extend its post-CPI rally as markets scaled
Weaker US inflation and jobs data reduce expectations for near-term Federal Reserve tightening, pressuring the USD. The US Dollar Index (DXY) retreated in early Asian trading Thursday, failing to sustain gains above the 100.00 level. The pullback follows Wednesday’s softer
PBOC sets USD/CNY reference rate slightly above Reuters estimate, signaling modest depreciation pressure on the yuan. The People’s Bank of China set the daily USD/CNY reference rate at 6.7888, up from 6.7882 the previous session. The fix exceeded the Reuters estimate of 6.
July producer price growth in Japan fell short of expectations but remains elevated, with import costs surging 29.1% year-on-year. Japan’s producer price index increased 7.2% year-on-year in July, missing the 7.4% forecast but staying near multi-year highs. The modest unde
Cooling US CPI data for July spurs dollar weakness, lifting the euro after a three-day decline in the currency pair. EUR/USD climbed to 1.1530 in Asian trading on Thursday, ending a three-day losing streak as the US dollar weakened. The move followed the release of July’s
July US CPI data matched expectations, reducing pressure on the Federal Reserve to raise rates aggressively in September. EUR/USD climbed to 1.1530 in Asian trading, ending a three-day decline as the US Dollar weakened following softer-than-feared inflation data. The Burea
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