Forex
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Offshore Yuan Rebounds on PBoC Fixing
The offshore yuan rose to around 7.13 per dollar on Thursday, paring back significant losses from the previous session, after…
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Chart of The Day – AUD/JPY
AUDJPY rebounds bullishly by 0.7%, with yen giving up the most against the Australian dollar among all G10 currencies. Dynamic…
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USD/CAD holds gains near 1.3850 amid increased risk aversion
USD/CAD appreciates as market sentiment weakens following fresh Trump tariff threats on Russia. Trump also condemned European nations for purchasing…
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GBP/USD softens to near 1.3500 on weaker UK PMI data
GBP/USD loses traction to around 1.3510 in Wednesday’s early European session. UK S&P Global Composite PMI declined to 51.0 in…
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EUR/JPY Positive bias prevails, key upside barrier emerges near 175.00
EUR/JPY trades with mild gains around 174.50 in Wednesday’s early European session. A positive view of the cross prevails above…
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JPY weakens further against a broadly firmer USD; downside seems cushioned
The Japanese Yen drifts lower in reaction to the disappointing Japan Manufacturing PMI. A modest USD uptick further contributes to…
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US Dollar Index rises to near 97.50 due to risk-off sentiment, Fed caution
US Dollar Index gains ground as Fed Powell emphasized the need to balance persistent inflation with a weakening labor market.…
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USD/CHF trades calmly around 0.7920, SNB’s interest rate policy comes under spotlight
USD/CHF consolidates around 0.7920 as the US Dollar trades calmly after Fed Powell’s speech. Fed Powell signals caution on reducing…
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Offshore Yuan Weakens
The offshore yuan weakened to around 7.11 per dollar on Wednesday, snapping a two-session winning streak as cautious remarks from…
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South Korean Won Falls Amid Tariff Concerns and Firm Dollar
The South Korean won fell to around 1,394 per dollar on Wednesday, extending losses from the previous session as investors…
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