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AUD/USD Stays Below 0.6900 After China PMI Weighs
The AUD/USD pair remains below the 0.6900 level, pressured by a stronger US dollar and disappointing Chinese manufacturing data.
Japanese Yen Sinks to Fresh Low Since 1986 Against USD
The USD/JPY pair continues to climb, reaching a new multi-decade high as the wide US-Japan interest rate differential persists.
PBOC Sets USD/CNY Reference Rate at 6.8067
The People's Bank of China set the USD/CNY central parity rate at 6.8067 on Wednesday, slightly lower than the previous fix of 6.8109, and below the Reuters estimate of 6.7795.
Euro declines to near 1.1400 as softer German inflation undercuts ECB hike bets
EUR/USD slipped to around 1.1410 in early Asian trading on Wednesday, pressured by reduced expectations for aggressive ECB tightening following softer German inflation data.
GBP/USD Weakens Below 1.3250 on UK Political Risks, BoE Repricing
The British pound slipped below 1.3250 against the US dollar during early Asian trading, pressured by political uncertainty in the UK and shifting expectations for Bank of England policy.
CMC Markets Lifts FY2027 NOI Forecast to at Least £550 Million
CMC Markets raised its FY2027 net operating income forecast to at least £550 million, citing accelerating momentum in its B2B platform business. The revised guidance represents a roughly 17% increase from the prior range.
CMC Markets Scores Multi-Year Partnership with Everton Football Club
CMC Markets announced a multi-year Main Club Partnership with Everton FC, becoming front-of-shirt sponsor across the Men's, Women's and Under-21 kits from 2026/27.
USD/SGD Risks Skewed to Downside as Momentum Fades – OCBC
OCBC’s Christopher Wong notes that USD/SGD has slipped, with bullish momentum fading and RSI declining, leaving risks tilted to the downside.
OCBC: Asian FX May See Selective Recovery on Softer USD
OCBC’s Christopher Wong suggests Asian currencies could find a breather if the US dollar weakens, noting that much of the Fed’s hawkish stance and US data strength are already priced in. Contained oil prices may also ease external balance and inflation pressures for net oil importers.
Gold Flatlines Near $4,000 as US-Iran Talks and Employment Data Awaited
Gold price (XAU/USD) trades on a flat note around $4,015 during early Asian trading on Wednesday, with traders focused on US-Iran talks in Doha and upcoming employment data.
Lower Oil Seen Supporting Demand, Keeping Dollar Strong
Lower oil prices may boost demand more than they reduce inflation, reinforcing the Fed's stance and keeping the dollar and front-end yields in control.
USD/SGD Range-Bound as Upside Momentum Fades: UOB
UOB's Quek Ser Leang notes that USD/SGD has lost upside momentum after briefly breaching support at 1.2925, keeping the pair range-bound.
Euro Stalls as Fed Hike Bets Offset Cooler Eurozone CPI
The euro failed to gain traction against the US dollar on Tuesday, holding steady near 1.1400 as economic data from both the Eurozone and the US had little impact on the pair.
Thai Baht Recovery Seen Shallow Without USD Fade – OCBC
OCBC notes USD/THB's recent rebound faces resistance near 33.40, with Thai baht weakness driven by broad USD strength and equity outflows. The bank says any recovery will be limited unless the USD fades.
Silver Stalls Below $60 as Bears Eye $55
Silver gained over 1.5% on Tuesday but remains under pressure below $60 as rising US yields and a firm dollar cap upside, with bears targeting $55.
USD/CNH confined to narrow range, downside risk persists – UOB
United Overseas Bank (UOB) analyst Quek Ser Leang notes that USD/CNH remains range-bound, with near-term expectations for the Dollar to trade between 6.7940 and 6.8080, while downside risk stays intact.
US Dollar Neutral Near 101.20 as Fed Rate Hike Bets Persist
The US Dollar Index traded neutrally around 101.20 on Tuesday as investors weighed mixed US data and ongoing hawkish Fed expectations.
Gold rises above $4,000, heads for 11% monthly loss
Gold (XAU/USD) edged up 0.35% on Tuesday, trading above $4,000, but remains on track for a monthly decline of over 11% after falling from highs near $4,500.
USD/CHF Holds Support Near 0.8070, Bulls Target YTD High
The USD/CHF pair remains steady around 0.8070 after a slight decline on Monday, with bullish momentum building toward the year-to-date high.
NZD/USD Recovery Faces Resistance at 0.5700
The New Zealand Dollar edges higher against the US Dollar on Tuesday, supported by upbeat New Zealand business confidence data and a modest pullback in the Greenback. NZD/USD trades around 0.5677, up 0.5%.
AUD Holds 200-Day SMA Support But Lacks Upward Catalyst
The Australian Dollar bounced off its 200-day SMA but remains without a sustainable catalyst to reverse recent weakness.
AUD/USD Rises After Hawkish RBA Minutes, Firmer US Confidence Data
AUD/USD traded higher near 0.6915 as the Reserve Bank of Australia's hawkish meeting minutes and improved US consumer confidence supported the pair.
Yen Extends Decline as US-Japan Rate Gap Supports Dollar
USD/JPY traded around 162.65, up 0.44% on the day, remaining near its highest level in several years as the interest rate differential between the US and Japan continues to weigh on the yen.
Euro Trims Losses Against US Dollar as Fed Rate-Hike Bets Curb Gains
The Euro recovered some ground against the US Dollar on Tuesday, supported by month-end repositioning, but gains remain limited by expectations of further Federal Reserve rate hikes.