Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Australian Dollar strengthens on RBA hike odds
AUD/USD extends its gains for the third successive day, trading around 0.7210 during the Asian hours on Friday.
Canadian Dollar remains on the front foot vs USD as US and Canada jobs data loom
The USD/CAD pair consolidates below the 1.3800 mark during the Asian session on Friday and remains close to a nearly two-week low, touched the previous day.
British Pound edges higher above 1.3500 ahead of US jobs report
The GBP/USD pair gathers strength to near 1.3530 during the early Asian trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) following hawkish remarks from a Bank of England (BoE) policymaker.
PBOC sets USD/CNY reference rate at 6.7787 vs. 6.7807 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7787 compared to the previous day's fix of 6.7807 and 6.7098 Reuters estimate.
Japanese Yen sits near August highs as USD remains on the back foot ahead of US NFP
The USD/JPY pair enters a bearish consolidation phase during the Asian session on Friday and currently trades near the 155.75 region, nearly unchanged for the day.
Euro steadies above 1.1600 as traders await US NFP data
The EUR/USD pair trades on a flat note around 1.1625 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the US key employment report for August, which will be published later on Friday.Â
RBNZ's Hansen: Future policy moves hinge on trends across broad economic data sets
Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee member Carl Hansen said on Thursday that future monetary policy moves hinge on trends across broad economic data sets.Â
Japan Overall Household Spending (YoY) below forecasts (-1.6%) in July: Actual (-3.6%)
Japan Overall Household Spending (YoY) below forecasts (-1.6%) in July: Actual (-3.6%)
South Korea Current Account Balance declined to 42.08B in July from previous 49.73B
South Korea Current Account Balance declined to 42.08B in July from previous 49.73B
GBP/JPY Price Forecast: Intervention shock exposes 210.00
The GBP/JPY tanks amid speculation of intervention by Japanese authorities in the FX markets, driven by a rate check by Tokyo. The cross-pair drops more than 300 pips, trades at 210.92, down by more than 1.40%.
The Australian Dollar thanks Waller's comments, which sink the USD
The Australian Dollar rises against the US Dollar on Thursday as Fed Governor Waller turns moderately dovish ahead of the September meeting, even as Oil prices rise due to a resumption of hostilities in the Middle East. The AUD/USD trades at 0.7200, up 0.44%.
New Zealand's Kiwi gets most of Wednesday back without earning it
The New Zealand Dollar trades just under 0.5900 into the New York afternoon, up roughly half a percent, after a session that retraced most of Wednesday's decision-day slide without a single New Zealand input.
Chinese Yuan: Underheld positions unwind with reflation risks – BNY
Geoff Yu at BNY highlights CNY as the main outlier in the U.S. trade-weighted basket, showing behavior opposite to other key currencies. CNY failed to react positively to July–August Fed and Treasury decisions, with weak domestic growth reinforcing easing expectations.