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PBOC sets USD/CNY reference rate at 6.7898 vs. 6.7894 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7898 compared to Friday's fix of 6.7894.
Australia TD-MI Inflation Gauge (MoM) increased to 1% in July from previous -0.4%
Australia TD-MI Inflation Gauge (MoM) increased to 1% in July from previous -0.4%
Breaking: Japanese Yen rises above 155.50 as Japan announces joint intervention with the US
The USD/JPY pair tumbles to near 155.45, the lowest since May 6, during the early Asian trading hours on Monday. The Japanese Yen (JPY) attracts some buyers following reports of more joint intervention by the United States (US) and Japan.Â
Japan’s Mimura: Joint intervention could mark peak of US-Japan currency partnership
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said that joint intervention could mark the peak of US-Japan currency partnership, Reuters reported on Monday.
Japan's Katayama says no comment on whether there was FX intervention on Monday
Japan's Finance Minister Satsuki Katayama said on Monday that she has no comment on whether there was foreign exchange (FX) intervention today, Reuters reported.Â
South Korea S&P Global Manufacturing PMI up to 53.1 in July from previous 52.1
South Korea S&P Global Manufacturing PMI up to 53.1 in July from previous 52.1
Japan Jibun Bank Manufacturing PMI registered at 54.5, below expectations (54.7) in July
Japan Jibun Bank Manufacturing PMI registered at 54.5, below expectations (54.7) in July
Japanese Yen softens, traders watch further US-Japan joint currency intervention
The USD/JPY pair recovers some lost ground to near 157.65, snapping the three-day losing streak during the early Asian trading hours on Monday.
Australia S&P Global Manufacturing PMI registered at 52 above expectations (51.7) in July
Australia S&P Global Manufacturing PMI registered at 52 above expectations (51.7) in July
Australian Dollar gathers strength to near 0.7050 as Trump cancels Iran strikes
The AUD/USD pair gains ground to near 0.7040 during the early Asian session on Monday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on improved risk sentiment after the reports that US President Donald Trump holds off Iran strikes.
New Zealand Building Permits s.a. (MoM) climbed from previous -4% to -3.6% in June
New Zealand Building Permits s.a. (MoM) climbed from previous -4% to -3.6% in June
NZD/USD Price Forecast: Bulls eye 0.6000 after SMA break
The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995.
USD/CHF Price Forecast: Bulls defend 50-day SMA as rebound builds
The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participants to prepare for additional intervention, following Thursday's action by Japanese