The peg between the Hong Kong dollar (HKD) and the US dollar (USD) represents one of the most notable examples of currency pegging in modern finance. Established in 1983, this…
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Canada’s inflation rate is moving closer to the Bank of Canada’s 2% target, reinforcing expectations for a potential interest rate cut in September. According to Statistics Canada, the Consumer Price…
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China’s efforts to temper a historic bond rally have led to a severe drop in trading activity, complicating the situation for policymakers. Trading volume for the most active 10-year government…
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Chinese regulators are increasingly concerned about the impact of a strengthening yuan on exporters, as the yen carry trade faces significant challenges in global currency markets. The Bank of Japan’s…
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USD/JPY strengthened to around 145.35 in early Asian trading on Thursday. Data on Japan’s record trade deficit dragged down the yen (JPY), supporting USD/JPY. On Friday, traders will pay close…
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GBP/USD briefly tested above 1.3100 on Wednesday as the pair continued to move deeper into bullish territory. GBP/USD is heading for a 13-month high, hitting an intraday high of 1.3112,…
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The AUD/JPY cross fell for three consecutive days in the Asian session on Thursday, trading around 97.90. The recent encouraging Australian purchasing managers’ index (PMI) failed to boost the Australian…
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In the Asian session on Thursday, the EUR/USD broke its four-day winning streak and fell slightly to around 1.1145. The market is more confident that the Federal Reserve will start…
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Overseas use of the Chinese yuan grew significantly last year due to its pivotal role in global supply chains and continuous high-quality economic development, according to a new study. The…
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AUD/USD retreated after hitting a more than one-month high around 0.6750-0.6755 earlier this Wednesday and remained subdued in the first half of the European session. Currently trading around 0.6730-0.6735, the…