The offshore yuan held steady around 6.95 per dollar on Thursday, after sliding in the previous session, as markets saw the weaker-than-expected daily fixing as a deliberate effort to maintain a “measured and orderly” pace of currency appreciation. The People’s Bank of China set the midpoint rate at 7.0019 per dollar, 322 pips weaker than […]
EUR/USD holds firm above 1.1700, trading at 1.1722 at the time of writing on Wednesday, practically flat on the daily chart after having rallied 1.2% over the previous two days. The Euro (EUR) remains bid with the US Dollar on the defensive and all eyes on US President Trump’s speech at the Davos Economic Summit, due […]
The Australian Dollar struggles against the US Dollar (USD) on Wednesday despite rising United States (US)–Greenland concerns. The Westpac–Melbourne Institute Leading Economic Index for Australia rose 0.1% month-on-month (MoM) in December 2025, after remaining unchanged in the prior month. At the same time, the six-month annualized growth rate increased to 0.42% from 0.20% in November, […]
The South Korean won advanced to around 1,471 per dollar, rebounding sharply from a four-week low after investor sentiment improved on government assurances. President Lee Jae Myung stated that policymakers expect the won to move back toward the 1,400 level over the next two months, stressing that its recent weakness reflects global market conditions rather […]
The offshore yuan weakened to around 6.96 per dollar on Wednesday, snapping a two-session gain as the People’s Bank of China kept the daily fixing weak. The central bank fixed the reference rate at 7.0014 per dollar, softer than estimates from both Reuters and Bloomberg. Policymakers remain wary that excessive currency strength could squeeze exporters, […]
EUR/USD moves little after registering modest gains in the previous session, trading around 1.1640 during the Asian hours on Tuesday. The 14-day Relative Strength Index (RSI) momentum indicator, at 44 (neutral-to-bearish), confirms fading momentum. The technical analysis of the daily chart shows that the EUR/USD pair remains below the 50-day Exponential Moving Average (EMA) and slips under […]
The USD/CHF pair trades in the negative territory for the third consecutive day around 0.7960 during the early European trading hours on Tuesday. The Swiss Franc (CHF) strengthens against the Greenback as US President Donald Trump’s tariff threats spark safe-haven demand. Trump said on Saturday that he would impose 10% tariffs on February 1 on goods […]
The GBP/JPY pair edges higher to near 212.45 during the Asian trading session on Tuesday. The pair ticks up as the Japanese Yen (JPY) underperforms its peers, following the announcement of a snap election by Japan’s Prime Minister (PM) Sanae Takaichi on Monday. Japanese Yen Price Today The table below shows the percentage change of […]
The offshore yuan steadied to around 6.96 per dollar on Tuesday, trading close to 32-month highs after the central bank left lending rates unchanged, opting for targeted economic support over broad monetary easing. The People’s Bank of China kept the one-year and five-year loan prime rates at 3.0% and 3.5%, respectively, extending an eight-month streak […]
The EUR/USD pair gains ground to around 1.1625, snapping the four-day losing streak during the early European session on Monday. The US Dollar (USD) faces some selling pressure against the Euro (EUR) after U.S President Donald Trump threatened escalating tariffs on eight European nations that have opposed his plan to take Greenland. US markets are closed on Monday […]