RBA comforted by softer data – Standard Chartered

RBA comforted by softer data – Standard Chartered

Standard Chartered’s Nicholas Chia argues that softer Australian labour data and activity indicators support the view that the Reserve Bank of Australia has likely peaked its cash rate at 4.35%. The bank highlights rising unemployment, weaker PMI and moderating wage growth, and sees a high bar for further hikes, with potential easing only if activity […]

Trades flat near 159.00 as investors seek fresh developments on Iran war

Trades flat near 159.00 as investors seek fresh developments on Iran war

The USD/JPY pair trades calmly around 159.00 during the Asian trading session on Thursday. The pair turns sideways as investors await fresh developments regarding negotiations between the United States (US) and Iran, after President Donald Trump stated on Wednesday that talks are in “final stages”. As of writing, the US Dollar Index (DXY), which tracks […]

PBOC sets USD/CNY reference rate at 6.8349 vs. 6.8397 previous

PBOC sets USD/CNY reference rate at 6.8349 vs. 6.8397 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8349 compared to the previous day’s fix of 6.8397 and 6.7955 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, […]