The offshore yuan traded around 6.93 per dollar on Wednesday, hovering near its highest level since May 2023, mainly buoyed by a strong daily fixing and a weakening greenback. The central bank set the midpoint rate at 6.9755 per dollar, its firmest level since May 2023 and more than 100 pips stronger than the previous […]
The South Korean won strengthened to around 1,428 per dollar on Wednesday, extending gains to its strongest level in almost three months, tracking broad US dollar weakness. The greenback slid to multi-year lows as markets were emboldened by President Donald Trump’s remarks signaling comfort with a weaker dollar, reinforcing selling pressure and lifting Asian currencies […]
The New Zealand dollar fell to around $0.601 on Wednesday but remained near a six-month high, amid expectations of tighter monetary policy. Data last week showed fourth-quarter consumer inflation rose more than expected and was above the Reserve Bank’s target range, reinforcing the view that interest rates may need to move higher later this year. […]
The offshore yuan edged down below 6.96 per dollar on Tuesday, easing from a thirty-two-month-high after the People’s Bank of China continued to set a weaker daily midpoint. The central bank fixed the yuan at 6.9858 before the market opened, slightly above the prior session and below market expectations. This continued trend of weaker fixings […]
The South Korean won strengthened to around 1,440 per dollar, reaching its highest level in three weeks, supported by broad US dollar weakness and sustained foreign equity inflows. The dollar softened across major and Asian peers as intervention risks in Japan weighed on the greenback, lifting regional currencies, including the won. Additionally, the won drew […]
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, […]