Market news
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NZD/USD Holds Near One-Week High Ahead of US NFP
The New Zealand Dollar remains close to a one-week top against the US Dollar, trading around 0.5685 as markets await the US Nonfarm Payrolls report for direction.
AUD/USD Steadies After Australian Trade Balance Data
The Australian Dollar held steady on Thursday after domestic trade balance data, with AUD/USD trading around 0.6900 after modest losses the previous day.
Australia's Trade Balance Swings to A$3,018M Deficit in May, Misses Expectations
Australia's trade balance turned negative in May, posting a deficit of A$3,018 million against the previous surplus and market consensus, pressuring AUD/USD.
Canadian Dollar Stays Near YTD Low as Markets Eye US NFP Data
The USD/CAD pair consolidates above 1.4200 during Friday's Asian session, with traders awaiting the US monthly employment report for direction.
Japanese Yen Flatlines Near 162.50 Ahead of US Employment Data
USD/JPY holds steady around 162.55 in early Asian trading on Thursday as traders await the key US June employment report. Fears of Japanese currency intervention also cap upside potential.
PBOC sets USD/CNY reference rate at 6.8088, weaker than previous fix
The People's Bank of China set the USD/CNY central rate for Thursday at 6.8088, compared to the previous day's fix of 6.8067 and the Reuters estimate of 6.7929.
EUR/USD Edges Higher Above 1.1350 on Softer Fed Tone, Focus on US Jobs Data
The euro traded modestly higher near 1.1380 as the dollar weakened on less hawkish remarks from Fed Chair Kevin Warsh. Traders are now awaiting US June jobs data.
XS.com Appoints Maria Pesca Santos as Regional Director for Latin America
Global fintech broker XS.com has appointed Maria Pesca Santos as Regional Director for Latin America, tapping her 15+ years of experience in multi-market operations to strengthen local leadership and execution frameworks.
IG Bets The Future Of Options Is Daily Contracts As It Launches World's First 0DTE SpaceX Stock Options
IG has introduced daily expiring options on SpaceX stock, the first 0DTE single-stock options offered by a broker. The same-day expiry contracts are exclusive to IG’s platform and settle at the US close.
Gold Rebounds to Near $4,050 on Softer Fed Stance, US NFP Data in Focus
Gold price gains momentum to around $4,045 in early Asian session Thursday, recovering from near seven-month lows as traders assess fresh remarks from the Federal Reserve and await US NFP data.
GBP/JPY breaks range, targets 216 as RSI turns bullish
The Pound Sterling is rising against the Japanese Yen, breaking out of a trading range with RSI signaling bullish momentum, targeting 216 despite intervention threats from Japanese authorities.
USD/CNH Consolidates as UOB Notes Limited Downside
UOB's Quek Ser Leang observed USD/CNH dip to 6.7865 before rebounding, citing oversold conditions that suggest limited further downside and an intraday range of 6.7860–6.7990.
US Dollar Holds Near 101.40 on Mixed Data, NFP Caution
The US Dollar Index (DXY) held near the 101.40 area, supported by resilient manufacturing activity and elevated long-term Treasury yields, while traders remained cautious ahead of the NFP report.
Banxico Survey Shows Private Analysts Lower Mexico Inflation Forecasts for 2026
The Bank of Mexico's latest survey reveals private economists have reduced their inflation expectations for the end of 2026, alongside updated projections for economic growth, the exchange rate, and interbank lending rates.
USD/KRW to Trade Rangebound, Says Societe Generale
Societe Generale analysts note that USD/KRW has stalled after meeting resistance near 1561 in June and now appears set to trade within a range, with limited evidence of a large decline.
Mexican Peso Slides on USMCA Cancellation Fears and Dollar Strength
The Mexican Peso weakened against the US Dollar on Wednesday as speculation about a potential cancellation of the USMCA free trade agreement weighed on the currency, alongside broad-based USD strength. USD/MXN traded at 17.55.
Commerzbank: Stable Conditions Support Thai Baht
Commerzbank reports that Thailand's May data shows stable economic conditions, with exports boosted by electronics demand but facing risks from US trade policy and regional manufacturing.
China PMI Data Surprises Upside, Tempers Easing Expectations
China's manufacturing and non-manufacturing PMIs beat expectations, reducing pressure for immediate policy easing, according to MUFG strategist Michael Wan.
UOB: USD/SGD Consolidating in Narrow Range
UOB's Quek Ser Leang notes USD/SGD is consolidating after a Monday dip, with a neutral near-term outlook and a projected 1.2870–1.2970 range over 1-3 weeks.
US Dollar Index Holds Above 101.00 as Fed Rate Hike Bets, NFP in Focus
The US Dollar Index (DXY) remains steady above 101.00, supported by Federal Reserve rate hike expectations, while traders await the upcoming Nonfarm Payrolls report after weaker-than-expected economic data.
Yen Steadies Near 40-Year Low as USD/JPY Holds 162.50
The USD/JPY pair traded near 162.50 on Wednesday without clear direction as investors digested mixed US economic data and ongoing pressure on the Japanese yen near a 40-year low.
Gold Recovers but Sellers Maintain Control Near $4,071
Spot gold peaked at $4,115.48 on Wednesday, its highest in over a week, but later pulled back to $4,071 as the US dollar weakened after a strong start, keeping sellers in charge.
Gold Bounces Off $4000 Support, US Labor Data in Focus
Gold price rose 2.2% on Wednesday after failing to break below the $4000 support level for the sixth consecutive time. Traders now eye upcoming US labor data for further cues.
Kevin Warsh Offers No Policy Clues, but Markets Find Their Answer
Financial markets at the Sintra conference sought clues on the Fed's next move but received no clear signals from Chair Kevin Warsh. However, markets interpreted his stance as confirmation that policy clues will become harder to decipher.