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17
Dec

Offshore Yuan Retreats on Weak Fixing

The offshore yuan slipped to around 7.04 per dollar on Wednesday, retreating from a fourteen-month high reached in the previous session, dragged down by a weaker-than-expected official fixing. The People’s Bank of China set the yuan’s midpoint rate at 7.0573 per dollar, its firmest level since October 2024 but 187 pips weaker than Reuters’ estimate. […]

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16
Dec

EUR/USD holds gains ahead of Eurozone business activity figures

EUR/USD remains steady near two-and-a-half-month highs on Tuesday, trading practically flat at 1.1750 at the time of writing, ahead of the release of the preliminary Eurozone Manufacturing and Services Purchasing Managers Indexes (PMIs) for December and the delayed US employment figures. Markets are in a moderate risk-off mood. Most Asian stock markets have posted losses, and the main European equity […]

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16
Dec

USD/CHF trades calmly near 0.7960 in countdown to US NFP

The USD/CHF pair trades stably around 0.7960 during the early European trading session on Tuesday. The Swiss Franc pair remains calm as investors await the United States (US) Nonfarm Payrolls (NFP) report for October and November, which will be published at 13:30 GMT. Ahead of the US employment data, the US Dollar Index (DXY), which tracks […]

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16
Dec

USD/INR rallies further even as India’s trade deficit shrinks

The Indian Rupee (INR) extends its losing streak for the fourth trading day against the US Dollar (USD) on Tuesday. The USD/INR pair stretches its bull run to near 91.45 as the continuous outflow of foreign funds from the Indian stock market amid trade frictions between the United States (US) and India has remained a major drag on the […]

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16
Dec

Australian Dollar Falls on Weak Data

The Australian dollar depreciated past $0.662 per US dollar, marking its fourth consecutive session of losses as investors weighed weak economic data. The Westpac-Melbourne Institute Consumer Sentiment Index slumped by 9% month-on-month in December 2025, sliding back below the 100 mark after briefly returning to positive territory in the previous month. Inflation emerged as the […]

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15
Dec

Rupee Continues Record Decline

The Indian rupee slid past 90.6 per dollar, continuing to set fresh record lows, pressured by the absence of a trade deal with the US amid prolonged negotiations and persistent foreign outflows from local equities and bonds. The currency has fallen 5.5% this year, making it Asia’s worst performer, hurt by steep US tariffs that […]

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15
Dec

Yuan Hits 15-Month High Despite Weak Data

The offshore yuan appreciated to around 7.05 per dollar, hitting its highest level since late September last year despite a raft of disappointing economic data. November figures showed momentum cooling, with retail sales growth slowing sharply and falling well short of forecasts, underscoring persistent weakness in consumption. Industrial output also eased slightly from the previous […]

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15
Dec

EUR/USD trades with negative bias around 1.1730 amid recovering USD; downside seems limited

The EUR/USD pair kicks off the new week on a softer note, though it remains within striking distance of the highest level since early October, touched last Thursday. Spot prices currently trade around the 1.1730 region, down less than 0.10% for the day. The US Dollar (USD) edges higher during the Asian session on Monday and […]

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15
Dec

GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week

The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day. The US Dollar (USD) is looking to build on last week’s modest bounce […]

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15
Dec

AUD/USD trades lower around 0.6650 amid unexpectedly weak China data

The AUD/USD pair trades 0.10% lower to near 0.6645 during the Asian trading session on Monday. The Aussie pair is under pressure as the National Bureau of Statistics of China has reported unexpectedly weak Chinese Retail Sales and Industrial Production data for November. The impact of a dramatic change in Chinese domestic data remains significant on the […]

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