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PBOC Sets USD/CNY Fix at 6.8077, Weaker Than Previous
The People's Bank of China set the USD/CNY reference rate at 6.8077 on Wednesday, slightly higher than the previous day's fix of 6.8054, indicating a marginal weakening of the yuan.
RBA's Hunter: Board Will Intervene to Bring Inflation to Target
Reserve Bank of Australia Assistant Governor Sarah Hunter said the central bank will act as necessary to return inflation to target, noting the recent oil shock has not yet caused a significant economic slowdown.
Yen Edges Higher on Renewed Intervention Fears, USD/JPY Near 162.35
The Japanese Yen strengthened against the US Dollar during early Asian trading as traders remained alert to possible intervention by Japanese authorities. USD/JPY traded with mild losses near 162.35.
Vantage Secures CMA Category 5 Licence, Strengthening Its MENA Growth Strategy
Vantage secured a Capital Market Authority Category 5 introducer license in the UAE, strengthening its MENA growth strategy according to CEO Marc Despallieres.
New holding company proposal and trading update
IG Group issued an update on its strategic review, including a proposal to establish a new Group holding company and a refreshed organisational model, with a trading update for the half year ended 30 June 2026.
AUD/USD Dips on Middle East Tensions After Hormuz Strikes
The Australian Dollar fell to two-day lows, down 0.39%, as a US Dollar rally was triggered by rising geopolitical risks after strikes in the Strait of Hormuz. AUD/USD traded at 0.6928 after hitting a daily high earlier.
UOB: USD/CNY Range Holds with Modest Upward Momentum
UOB analyst Quek Ser Leang notes that USD/CNY remains within its established range, with only modest upward momentum despite a recent push higher.
Euro's Bullish Case Wanes Amid Mixed Market Signals
The Euro failed to capitalize on hawkish ECB remarks, softening US payrolls data, and a quiet Fed official, with geopolitical concerns weighing on the currency.
GBP/JPY Reverses from 217.00, Trades at 216.50
GBP/JPY reversed course on Tuesday, losing 0.24% as the Japanese Yen recovered against most G8 currencies except the US Dollar. The pair traded at 216.51 after reaching a multi-year high near 217.00.
New Zealand Dollar Slides Ahead of RBNZ Decision
The NZD/USD pair weakened to near 0.5680 as traders await the Reserve Bank of New Zealand's policy decision on Wednesday, while the US Dollar remains supported by cautious Federal Reserve commentary.
Iran Strikes Ships in Strait of Hormuz, Claims Fulfilling Commitments
Iran's foreign ministry insisted it is meeting its Strait of Hormuz commitments after projectiles struck a Qatari LNG carrier and a Saudi tanker in the waterway.
Pound's Nine-Day Rally Against Dollar Ends on Geopolitical Headline
The British pound's nine-session winning streak against the US dollar came to a halt on Tuesday, triggered by a geopolitical development that broke the run.
UOB: USD/SGD Upside Risk for SGD Remains Contained
United Overseas Bank notes USD/SGD closed near 1.2924, with short-term momentum turning slightly. The upside risk for the Singapore dollar stays limited against the US dollar.
RBNZ Expected to Hike OCR by 25 bps to 2.50%
The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 25 basis points to 2.50% on Wednesday, marking the first hike after three consecutive meetings.
US Dollar Steadies as Fed’s Williams Keeps Inflation Caution Alive
The US Dollar Index holds near 101.00 after a modest recovery, as traders digest softer labor data and cautious remarks from Federal Reserve official John Williams.
Central Banks Expect Ongoing De-Dollarization, Gold Demand to Rise
A survey by the Official Monetary and Financial Institutions Forum indicates central bankers anticipate continued de-dollarization, with gold and other currencies gaining importance in the global monetary system over the next several years.
DBS: Vietnam Central Bank to Hold Refi Rate at 4.50% Through 2026
DBS Group Research economist Chua Han Teng expects the State Bank of Vietnam to keep its refinancing rate at 4.50% until end-2026, citing easing inflation, a stable dong, and strong GDP.
Silver Price Forecast: XAG Bearish as Evening Star Forms
Silver tumbled nearly 3% on Tuesday as a bearish evening star pattern emerges, amid heightened Middle East tensions after attacks on vessels in the Strait of Hormuz.
USD/JPY Holds Below 161.90 on Yen Support, Fed Caution
USD/JPY trades slightly negative below 161.90 as the Japanese Yen finds modest support. The US Dollar remains underpinned by cautious remarks from New York Fed President John Williams and lingering inflation concerns.
PBoC Expands RMB Business Facility and Southbound Bond Connect Quotas, Boosts Hong Kong Yuan Hub
The People's Bank of China has increased quotas for the Renminbi Business Facility and Southbound Bond Connect, reinforcing Hong Kong's role as the main offshore yuan hub, according to BNY's Geoff Yu.
Gold Stalls Below $4,200 on Inflation Fears, Middle East Tensions
Gold (XAU/USD) slipped 0.44% on Tuesday as it failed to breach the $4,200 level amid rising US inflation expectations and renewed Middle East hostilities.
USD/SGD Stabilizes in 1.29-1.30 Range, Commerzbank Notes
Commerzbank analyst Charlie Lay highlights that USD/SGD has been range-bound around 1.2920 for a month, with the SGD NEER estimated at roughly +0.8% above its midpoint.
USD/CAD Forecast: Buyers Retain Upper Hand Amid Crude Oil Support
USD/CAD edges lower despite a firm US dollar, as the Canadian dollar gains from a rebound in crude oil prices after attacks on vessels near the Strait of Hormuz.
Swiss Franc Rebound Lacks Catalyst as Data Calendar Stays Empty
With no Swiss economic releases this week, USD/CHF is drifting on Dollar momentum, leaving the Franc's recent rebound without a domestic narrative.