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Australia Employment Change s.a. came in at 39.5K, above forecasts (20K) in August
Australia Employment Change s.a. came in at 39.5K, above forecasts (20K) in August
British Pound bears retain control near July lows amid Fed-BoE divergence
The GBP/USD pair sticks to a mildly negative bias for the fourth straight day, trading around the 1.3230-1.3225 region during the Asian session on Thursday, near its lowest level since early July, touched the previous day.
PBOC sets USD/CNY reference rate at 6.7489 vs. 6.7468 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7489 compared to the previous day's fix of 6.7468 and 6.7184 Reuters estimate.
Euro weakens below 1.1400 as Fed rate hike expectations reinforce US Dollar strength
The EUR/USD pair loses ground to near 1.1380 during the early Asian trading hours on Thursday. The major pair extends its downside as hawkish signals from the US Federal Reserve (Fed) boost the US Dollar (USD) against the Euro (EUR).
Japan Jibun Bank Services PMI down to 51.6 in September from previous 52.5
Japan Jibun Bank Services PMI down to 51.6 in September from previous 52.5
Japan Jibun Bank Manufacturing PMI registered at 54.1, below expectations (55) in September
Japan Jibun Bank Manufacturing PMI registered at 54.1, below expectations (55) in September
US Treasury Secretary Bessent says US-China trade truce extended through January 10
US Treasury Secretary Scott Bessent said that the United States (US) and China have agreed to extend a bilateral trade truce that was set to expire in November through January 10, Blomoberg reported on Wednesday.
Australian Dollar cools off against the New Zealand Dollar before jobs data
Tuesday's peak just under 1.2500 was the highest for AUD/NZD since early 2013. The cross is trading just above 1.2400, on track for a second straight down day.
Australian Dollar tumbles amid soaring US yields, ahead of jobs data
The Aussie Dollar stumbles over 1% against the US Dollar on Wednesday as US Treasury yields soar, with the US 5- and 10-year T-note yields surpassing the 5% threshold amid investor confidence in further Federal Reserve tightening. The AUD/USD trades at 0.7039 after peaking at 0.7118.
New Zealand Dollar slides toward its range floor as US yields climb
The bottom of NZD/USD's range since April is about 0.5600, and the pair is back in the lower part of it. It is trading just under 0.5700, its lowest since early July, which is about where it was before the Reserve Bank of New Zealand (RBNZ) began raising rates on July 8.
Japanese Yen gives back most of its rally as Fed hike talk grows
Holding up the Yen is costing Japan more each time and working for less time. USD/JPY is trading above 158.00, on track for its first daily close above its 200-day average since September 2.
Euro extends its slide as US surveys top Europe's strong reading
Europe's September business surveys were the strongest since April 2023, and the Euro fell to its lowest since late July on the day they came out. The eurozone's flash Purchasing Managers Index (PMI) composite reading came in at 53.1 against a 51.5 forecast, with services at 53 against 51.7.
British Pound sells off hard as US surveys outpace the UK's
Wednesday's flash Purchasing Managers Index (PMI) surveys showed US business growing at its fastest pace since July 2021 and British business slowing.