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The Australian Dollar (AUD) extends its gains against the US Dollar (USD) for a second consecutive day on Tuesday, rebounding from 0.6131, its lowest level since April 2020.
The Japanese Yen (JPY) struggles to capitalize on gains registered against its American counterpart over the past three days and attracts fresh sellers during the Asian session on Tuesday.
Coming up at 1500 China time:
0700 GMT, 0200 US Eastern time
Xuan Changneng, Deputy Governor of the People's of China, and Li Bin, deputy head of the State Administration of Foreign Exchange will hold a press conference:
on financial support for high-quality economic development
---...
EUR/USD 5-Minute Analysis
The EUR/USD currency pair continued to decline on Monday, and it has become somewhat repetitive to mention this, as the euro has been falling consistently. This time, the pair reached the 1.0195 level, achieving our target range of $1.00–$1.02, as we had previously...
The Taiwan stock market has experienced a downward trend over the past four sessions, losing nearly 1,175 points or 5 percent in value. Currently, the Taiwan Stock Exchange hovers just below the 22,500-point mark and is anticipated to open in negative territory this Tuesday. The global outlook...
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1878 as compared to the previous day's fix of 7.1885 and 7.3161 Reuters estimates.
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Tuesday that “at next week's policy meeting, board will likely to debate whether to hike rates and make a decision.” Additional comments In conducting monetary policy, it is necessary to pay close attention to short-term developments in...
The European Central Bank (ECB) plans to continue lowering interest rates and expects to exit restrictive monetary policy in the coming months, likely by midsummer, according to Finnish policymaker Olli Rehn. However, uncertainties surrounding potential U.S. trade tariffs under President-elect...
I posted on Himino here:
BOJ's Himino says rates will rise, but need to watch carefully for risks
I noted that:
I don't see anything in Himino's speech to indicate he is in a rush to raise rates.
But there is nothing in it either to indicate he is much opposed to doing so.
JPY dropped...