Author: finadmin

Gold consolidates below $4,500 as bulls eye NFP and Fed outlook

Gold (XAU/USD) struggles to capitalize on its strong gains registered over the past two days and consolidates below the $4,500 mark during the Asian session on Friday. The commodity, however, remains close to the weekly high, which it touched the previous day, as traders keenly await the release of the closely watched US monthly employment […]

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. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, […]

Depreciation trend persists as oil shock weighs – MUFG

MUFG’s Lloyd Chan argues that while the pace of Rupiah depreciation may slow, the broader weakening trend is set to continue. USD/IDR has pulled back as crowded long positions unwind and some foreign inflows return, but elevated US yields and high Oil prices remain headwinds. MUFG maintains its USD/IDR forecast at 18,350 by end-2026. Rupiah […]