PBOC sets USD/CNY reference rate at 6.9321 vs. 6.9414 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Wednesday at 6.9321 compared to the previous day’s fix of 6.9414 and 6.8824 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, […]
Losses unwind as MAS bets fade – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/SGD is retracing earlier losses seen after US tariff headlines, with softer risk appetite and reduced expectations for MAS tightening in April weighing on the Singapore Dollar. Headline CPI matched forecasts but a surprise dip in core inflation has reinforced the house view that MAS will […]
Tariff reshuffle offers only modest support – Commerzbank
Commerzbank’s Michael Pfister argues that Brazil is a relative winner from US tariff changes, as its previously high nominal tariffs are likely to fall and exemptions already mitigate effective rates. However, complex exemptions and shifting trade flows limit the macro impact. He expects Brazilian exports in smaller categories to rise, but sees only slight benefits […]
GBP/JPY climbs above two-week range as Yen weakens, Bailey testimony eyed
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Tuesday as the yen weakens broadly after reports that Japan’s Prime Minister Sanae Takaichi raised concerns about further interest rate hikes in a meeting with Bank of Japan (BoJ) Governor Kazuo Ueda last week. At the time of writing, GBP/JPY trades near 210.45, breaking […]
EUR/USD trades flat near 1.1780 even as US Dollar trades firmly
The EUR/USD pair trades in a tight range around 1.1780 during the European trading session on Tuesday. The major currency pair consolidates even as the US Dollar (USD) trades firmly, suggesting that the Euro (EUR) is also upbeat. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major […]
Tariff tensions resurface after EU-US setback – Danske Bank
Danske Bank’s Danske Research Team notes that trade tensions remain elevated after the European Parliament postponed ratification of the EU-US trade deal over concerns about Trump’s new unilateral 15% tariff. China is urging Washington to remove unilateral tariffs, India has delayed talks, and the UK is warning of potential retaliation as the new global tariff […]
Australian dollar trades in range vs. USD amid tariff jitters
The AUD/USD pair consolidates in a narrow band around mid-0.7000s during the Asian session on Tuesday, and for now, seems to have stalled the previous day’s modest pullback from over a one-week top. Spot prices, however, remain confined in an over one-week-old trading range as traders opt to wait for the monthly Australian consumer inflation […]
EUR/JPY edges lower as Eurozone inflation, BoJ rate hike eyed
EUR/JPY trades around 182.50 on Monday at the time of writing, down 0.15% on the day, as market participants adopt a wait-and-see approach ahead of key macroeconomic releases in Europe and Japan. The release of Germany’s IFO Business Climate Index generated only a limited market reaction. The headline index rose to 88.6 in February, above […]
Silver rises amid US trade uncertainty, Iran tensions
Silver (XAG/USD) trades around $86.50 on Monday at the time of writing, up 2.35% on the day, benefiting from a marked resurgence in safe-haven demand. The white metal draws support from heightened political and trade uncertainty in the United States (US), which weighs on overall risk sentiment and on the US Dollar (USD). The US […]
US Dollar Index gains temporary ground near 97.40, outlook remains uncertain
The US Dollar (USD) claws back half of its early losses after gaining a temporary ground near 97.40 during the European trading session on Monday. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.2% lower to near 97.60. US Dollar Price Today The table […]
