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USD/JPY Climbs Above Mid-160.00s Ahead of BoJ Rate Decision
The dollar-yen pair recovered from its recent low and pushed back above 160.50 in Asian trading as markets awaited the Bank of Japan’s policy announcement.
Dollar Index Rebounds Above 100.00 from June 17 Lows
The US Dollar Index (DXY) bounced off its weakest level since June 17, climbing back above the 100.00 level during Asian trade.
Indonesian Rupiah Lingers Near Record Lows Despite 5.75% Benchmark Rate
The Indonesian Rupiah remains under pressure near the record low of 18,247 per dollar, even as Bank Indonesia holds its key rate at 5.75%.
New Zealand Dollar Weakens Ahead of China PMI Data
NZD/USD falls to near 0.5870 after a three-day winning streak as traders await Chinese PMI figures.
PBOC Sets USD/CNY Reference Rate at 6.7894, Ticking Higher
The People's Bank of China fixed the onshore yuan reference rate at 6.7894 per dollar, a marginal increase from the prior session's 6.7892.
Euro Declines Toward 1.1500 on Escalating US-Iran Tensions
EUR/USD fell to around 1.1515 in early Asian trading Friday as risk appetite soured on fears of a wider Middle East conflict between the US and Iran.
Japan's top FX official Mimura says authorities always ready to act on yen
Japan's Vice Finance Minister Atsushi Mimura stated on Friday that authorities are in close contact and prepared to take appropriate action in foreign exchange markets.
Tokyo CPI inflation rises to 2.0% YoY in July
The headline Tokyo Consumer Price Index (CPI) for July increased to 2.0% year-on-year, up from 1.7% in June, according to the Statistics Bureau of Japan.
Australian Dollar Surges Past 0.7000, Breaching 50-Day EMA
AUD/USD jumps above the 0.7000 handle, up over 1%, after breaching its 50-day moving average amid intervention speculation.
Pound Rallies on Hawkish BoE Vote Then Sinks on Dovish Guidance
The pound briefly surged after three Bank of England policymakers unexpectedly voted for a rate hike, but gave back gains as the central bank emphasized a cautious, restrictive stance.
USD/CHF Drops Over 1% to 10-Day Low, 50-Day SMA Offers Support
USD/CHF fell for a second straight day, losing more than 1% amid intervention speculation that sent the yen surging. The pair hit a 10-day low of 0.8039, just above its 50-day simple moving average.
IG Group to Acquire Underdog For Up to $1.3bn in US Prediction Markets Push
IG Group has agreed to acquire US daily fantasy sports and prediction markets operator Underdog for up to about $1.3 billion, including a $200 million earnout.
BoJ Expected to Hold Rates After Suspected Yen Intervention
The Bank of Japan is likely to leave rates unchanged at its Friday meeting as the yen staged a sharp recovery, possibly due to official intervention.
IG Makes Prediction Markets a Growth Priority With $1.3 Billion Underdog Deal
IG Group has agreed to buy US prediction markets and daily fantasy sports operator Underdog for up to about $1.3 billion, closing out its strategic review and making prediction markets a central growth focus.
Gold Jumps as Suspected Yen Intervention Hits Dollar, Fed Bets Ease
Gold surged 0.92% on Thursday, with XAU/USD trading at $4,100 after a suspected intervention in currency markets sent the Japanese yen to a near two-month high against the dollar.
MUFG: Political risks cloud Ringgit outlook despite firm fundamentals
MUFG's Lloyd Chan says Malaysia's solid growth and low inflation support the Ringgit, but rising domestic political tensions could push USD/MYR higher.
South Korean Won Strengthens as Leveraged ETF Curbs Boost Tightening Bets
USD/KRW has dropped to its lowest since February after South Korean regulators moved to tighten rules on leveraged ETFs, according to Commerzbank Research.
Canadian Dollar Strengthens to 1.4000 vs USD on Suspected Yen Intervention
USD/CAD dropped to a six-week low near 1.3996 as broad USD weakness followed a sharp yen rally on suspected Japanese intervention. The Canadian dollar extended gains for a third straight session.
IG becomes major player in Prediction Markets buying Underdog for $1.3 billion
IG Group has agreed to acquire US daily fantasy sports and prediction markets operator Underdog for up to roughly $1.3 billion, including an earnout and a separate management incentive plan.
Singapore Combines SGD900mn Fiscal Stimulus with MAS Currency Tightening
DBS economist Chua Han Teng analyzes Singapore's new SGD900 million fiscal package and the Monetary Authority of Singapore's calibrated tightening of the SGD nominal effective exchange rate.
Bank of England Holds Rate at 3.75% as Mann Joins Hawks
The Bank of England left its key rate at 3.75%, with a 6-3 vote as Catherine Mann joined the hawkish dissent. The policy outlook remains highly dependent on Middle East developments.
US Dollar Index Slides on Suspected Yen Intervention
The US Dollar Index tumbled as a sharp yen surge fueled speculation of Japanese currency intervention, with USD/JPY falling 480 pips below 160.
Pound Surges After BoE Hawkish Hold; Yen Intervention Weakens Dollar
GBP/USD rallies to 1.3430 after Bank of England votes 6-3 to keep rates unchanged. Suspected Japanese yen intervention adds pressure on the US dollar across G8 currencies.
Malaysia’s Balanced Macro Profile Supports Ringgit, Says MUFG
MUFG highlights Malaysia’s above-trend growth, low inflation and robust external demand as factors underpinning the ringgit.