Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Canadian Dollar consolidates as higher oil prices offset USD uptick ahead of US PPI
The USD/CAD pair struggles to capitalize on the previous day's modest gains and consolidates just above the 1.3800 mark during the Asian session on Thursday. Traders seem hesitant and opt to wait for the release of US inflation figures before placing fresh directional bets.
BoJ’s Masu says expect to continue raising rates given current accommodative financial conditions
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the central bank expected to continue raising interest rates given current accommodative financial conditions.
Australian Dollar weakens to near 0.7200 as traders await US PPI inflation data
The AUD/USD pair declines to near 0.7215 during the early Asian trading hours on Thursday. Markets turn cautious as traders brace for the release of the US inflation data later this week.
Australia Consumer Inflation Expectations remains unchanged at 4.9% in September
Australia Consumer Inflation Expectations remains unchanged at 4.9% in September
Japanese Yen retreats from multi-month top vs USD as traders await US inflation data
The USD/JPY pair edges higher during the Asian session on Thursday and trades just above mid-153.00s amid bears turn cautious ahead of US inflation figures.
PBOC sets USD/CNY reference rate at 6.7766 vs. 6.7769 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7766 compared to the previous day's fix of 6.7769 and 6.7074 Reuters estimate.
BoJ to raise rates to 1.25% this month — Reuters poll
A Reuters poll showed the Bank of Japan (BoJ) will hike interest rates to 1.25% at its September policy meeting and then to 1.75% in the second quarter (Q2) of 2027, earlier than previously expected, amid persistent concerns over broadening price pressures and Japanese Yen (JPY) weakness.
Euro steadies above 1.1600 ahead of ECB rate decision, US PPI data
The EUR/USD pair holds steady around 1.1635 during the early Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) policy meeting and the release of the US August Producer Price Index (PPI) later in the day.Â
United Kingdom RICS Housing Price Balance above forecasts (-31%) in August: Actual (-28%)
United Kingdom RICS Housing Price Balance above forecasts (-31%) in August: Actual (-28%)
Japan Foreign Investment in Japan Stocks up to ¥690B in September 4 from previous ¥35.8B
Japan Foreign Investment in Japan Stocks up to ¥690B in September 4 from previous ¥35.8B
Japan Foreign Bond Investment increased to ¥111.9B in September 4 from previous ¥-824B
Japan Foreign Bond Investment increased to ¥111.9B in September 4 from previous ¥-824B
Japan Bank Lending (YoY) remains unchanged at 5.4% in August
Japan Bank Lending (YoY) remains unchanged at 5.4% in August
Australian Dollar flatlines as US yield ripples meet RBA hawks
The Australian Dollar is virtually unchanged against the US Dollar on Wednesday amid a light economic calendar, with the US Treasury's announcement of a buyback for the September 10 auction boosting the Greenback. The AUD/USD trades at 0.7219, flat.