Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Australian Dollar remains calm following Trade Balance data
AUD/USD steadies after two days of gains, trading around 0.7060 during the Asian hours on Thursday. The pair moves little as the Australian Dollar (AUD) remains silent following the release of domestic Trade Balance data.
Australia’s Trade Balance shows a surprise surplus of 1,929M MoM in June, vs. -1,100 expected
Australia's Trade Balance shifted to surplus of A$1,929M MoM in June, followed a deficit of 2,367M in the previous reading (revised from A$3,018M), according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.
Australia Exports (MoM) rose from previous -6.9%Â to 9.6% in June
Australia Exports (MoM) rose from previous -6.9%Â to 9.6% in June
Australia Trade Balance (MoM) registered at 1929M above expectations (-1100M) in June
Australia Trade Balance (MoM) registered at 1929M above expectations (-1100M) in June
Australia Imports (MoM) fell from previous 2.6% to -0.2% in June
Australia Imports (MoM) fell from previous 2.6% to -0.2% in June
British Pound holds steady above 1.3450 as Iran hopes and Fed repricing weigh on USD
The GBP/USD pair is seen consolidating its gains recorded over the past two days and trading around the 1.3470 region during the Asian session on Thursday.
Euro strengthens above 1.1550 as softer US data
The EUR/USD pair edges higher to near 1.1555 during the Asian trading hours on Thursday. US Dollar (USD) softens against the Euro (EUR) on cooling tensions in the Middle East and weaker-than-expected US economic data. The US Initial Jobless Claims report is due later on Thursday.Â
PBOC sets USD/CNY reference rate at 6.7895 vs. 6.7889 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7895 compared to the previous day's fix of 6.7889 and 6.7462 Reuters estimate.
Fed's Daly: Some signs tariff impact on inflation starting to fade
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Thursday that tariffs have had a clear impact on inflation, though she pointed to early signs that effect is beginning to ease.
Ireland AIB Services PMI rose from previous 54.2Â to 55.2 in July
Ireland AIB Services PMI rose from previous 54.2Â to 55.2 in July
Japan Foreign Investment in Japan Stocks fell from previous ¥912.1B to ¥392.5B in July 31
Japan Foreign Investment in Japan Stocks fell from previous ¥912.1B to ¥392.5B in July 31
Japan Foreign Bond Investment rose from previous ¥-811.4B to ¥477.9B in July 31
Japan Foreign Bond Investment rose from previous ¥-811.4B to ¥477.9B in July 31
South Korea Current Account Balance up to 49.73B in June from previous 38.61B
South Korea Current Account Balance up to 49.73B in June from previous 38.61B