News

On Friday, the People’s Bank of China (PBoC) set the yuan’s central parity rate at 7.1793, compared with 7.1795 the previous day and a Reuters forecast of 7.3055. The People’s…

Gold prices rose to $1,978 in early Asian trading on Friday, the highest since late July. The dollar fell after Fed Chairman Jerome Powell’s dovish comments, and safe-haven capital inflows…

NZD/USD fell to a new 2023 low, dropping to 0.5815 intraday on Thursday before rebounding to 0.5840 on light buying, but bearish pressure on NZD/USD remains strong. Federal Reserve Chairman…

On Friday, Dallas Fed President Lori Logan said that there has been some “promising progress” in fighting inflation, but that inflation remains too high. Promising progress has been made in…

In early Asian trading on Friday, the AUD/USD extended its decline and fell below the mid-0.6300 level. Market sentiment turned cautious as AUD/USD retreated from the 0.6340 level. AUD/USD is…

NZD/USD fell to a new year-to-date (YTD) low of 0.5815, but by the end of the U.S. session, NZD/USD had recovered some of its losses and closed down 0.11% on…

The EUR/GBP rebounded on Thursday, paring last Wednesday’s losses to trade above its 200-day moving average (DMA) at 0.8694. As of press time, the EUR/GBP was trading at 0.8715 in…

AUD/JPY opened Thursday at 94.85 before falling to an early morning low of 94.31. AUD/JPY then rallied to as high as 95.16 before falling back to the 200-hour simple moving…

The Bank of Japan (BoJ) raised its assessment of six of Japan’s nine economic regions in a quarterly report on Japan’s regional economies. The assessment for three of Japan’s nine…

In the Asian market on Thursday, the New Zealand dollar/US dollar faced heavy selling pressure for the third consecutive day. This was also the sixth day of decline in the…