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PBOC sets USD/CNY reference rate at 6.7878 vs. 6.7888 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7878 compared to the previous day's fix of 6.7888.
Euro gathers strength above 1.1500 as cooling inflation data weighs on US Dollar
The EUR/USD pair gains ground to near 1.1535 during the early Asian session on Friday. The US Dollar (USD) softens against the Euro (EUR) following a softer-than-expected US inflation report. The US July Retail Sales data will take center stage later on Friday.Â
Japan Foreign Investment in Japan Stocks dipped from previous ¥392.5B to ¥-368.5B in August 7
Japan Foreign Investment in Japan Stocks dipped from previous ¥392.5B to ¥-368.5B in August 7
Japan Foreign Bond Investment climbed from previous ¥477.9B to ¥1629.4B in August 7
Japan Foreign Bond Investment climbed from previous ¥477.9B to ¥1629.4B in August 7
GBP/JPY Price Forecast: Steadies above 215.00 capped by 50-day SMA
The GBP/JPY remains directionless on Thursday as traders turn cautious about opening fresh directional bets amid intervention fears in the FX markets, which could strengthen the Yen, and after solid UK data. The cross-pair sits at around 215.00, down 0.02%.
New Zealand Business NZ PMI declined to 54.3 in July from previous 59.7
New Zealand Business NZ PMI declined to 54.3 in July from previous 59.7
Australian Dollar holds near 0.7060 as eyes shift to RBA’s Bullock
The Aussie Dollar holds steady at around 0.7061 after US inflation data weighed on the Greenback, which recovered some ground to finish Thursday’s session almost flat. The AUD/USD registers modest losses of 0.01%
New Zealand Visitor Arrivals (YoY) rose from previous 6.7%Â to 8.1% in June
New Zealand Visitor Arrivals (YoY) rose from previous 6.7%Â to 8.1% in June
Half of the record Japanese Yen intervention is already gone
The Dollar changes hands at 159.50 against the Yen on Thursday, a fraction higher on the session inside a range of barely 55 pips.
The British Pound's growth beat came from a dead ceasefire
The Pound holds just under 1.3500 on Thursday inside a session range barely 40 pips wide, which is a thin response to a morning that handed Britain a growth beat and an afternoon that handed the Dollar a soft inflation print.
Fed’s Goolsbee sees inflation improving as shocks fade
The Chicago Fed President, Austan Goolsbee, who is a voter until 2027, acknowledged that the disinflation process is evolving and said so late in the North American session.
Euro holds above 1.1500 as US inflation curbs Fed bets
The Euro holds firm above 1.1500 as inflation data in the US curbed Fed rate hike bets, as traders shifted from expecting a rate hike to a hold in the September 16 meeting, while investors await the release of economic growth figures in the European Union (EU).
South Korea Export Price Growth (YoY) up to 49.1% in July from previous 48.9%
South Korea Export Price Growth (YoY) up to 49.1% in July from previous 48.9%