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Markets
PBOC sets USD/CNY reference rate at 6.8917 vs. 6.8982 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8917 compared to the previous day's fix of 6.8982 and 6.8824…
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Israeli military launches fresh wave of strikes at Iran and Lebanon
The Israel Defense Forces said that it had unleashed a new wave of strikes on Iran, shortly after a round of explosions was heard in Tehran.Israel also launches more missiles at …
Gold holds steady near $5,200 ahead of US CPI inflation release
Gold price (XAU/USD) holds steady near $5,190 during the early Asian session on Wednesday. The precious metal steadies after a period of volatility following signals of potential…
Clings around 158.00 on risk-off mood
The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a…
Kiwi fails to hold onto gains
The NZD/USD pair is trading near the 0.5930 price region, reversing its intraday gains late in the American session. At the start of the day, the US Dollar (USD) lost momentum…
Soaring fuel prices expected to cast long shadow across US economy
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Hits multi-year high past 0.7100
The Australian Dollar (AUD) surges nearly 1% on Tuesday on speculation that the Reserve Bank of Australia (RBA) might raise rates at its March meeting. At the time of writing, the…
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Energy shock risk lingers with Hormuz exposure – MUFG
MUFG’s Senior Currency Analyst Michael Wan argues Asian currencies have been buffeted by Iran-related headlines as Asia’s heavy reliance on Middle East energy and Strait of Hormuz…