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PBOC sets USD/CNY reference rate at 7.1894 vs. 7.1876 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1894 as compared to the previous day's fix of 7.1876 and 7.1996 Reuters estimate.
Japan's Kato says will closely monitor bond market situations
Japan's Finance Minister Shunichi Kato said on Wednesday that he will closely monitor bond market situations as he is concerned about a recent spike yields in Japan.
BoJ's Ueda: Tariff negotiations mean outlook remains uncertain
Bank of Japan Governor Kazuo Ueda said on Tuesday that many tariff negotiations, including those between the United States and Japan, are still ongoing, so the outlook remains uncertain. Ueda further states that the central bank will closely monitor the incoming data.
Fed's Williams says wants to avoid inflation becoming highly persistent
Federal Reserve Bank of New York President John Williams said on Wednesday that he wants to avoid inflation becoming highly persistent because that could become permanent.
GBP/USD: Poised to buckle under the weight of its own success?
GBP/USD pared recent gains on Tuesday, snapping a six-day win streak and knocking price action away from the 1.3600 handle after the pair tapped fresh multi-year highs this week.
USD/CAD rebounds above 1.3800, FOMC Minutes in focus
The USD/CAD pair posts modest gains near 1.3805 during the early Asian session on Wednesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after the stronger US Consumer Confidence data. The attention is shifted to the FOMC Minutes, which are due later on Wednesday.
NZD/JPY Price Forecast: Climbs higher but bulls struggle to clear 86.00 resistance
NZD/JPY extended its rally for the third consecutive day on Tuesday, rose a slim 0.17%, but failed to clear key resistance seen at the Kijun-Sen at 85.92 to challenge the 86.00 figure. As Wednesday's Asian session begins, the cross-pair trades at 85.81 virtually unchanged.
US yields slide as Japan's signal shift in debt strategy
US Treasury yields fall across the whole curve due to concerns over an increase in rising global government debt supply, which sent yields rising last week, retraced somewhat on expectations that Japan could begin to issue short-term debt.
RBNZ expected to cut interest rates amid concerns over economic growth, US tariffs
The Reserve Bank of New Zealand (RBNZ) is widely expected to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.25% from 3.50% after concluding its May monetary policy meeting on Wednesday.
AUD/JPY extends winning streak toward 93.00 as risk sentiment dents Yen appeal
The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY), extending modest gains for the third consecutive day. At the time of writing, the AUD/JPY cross is pushing higher to trade near 93.00 during the late American sessions on Tuesday, up nearly 1% on the day.
EUR/USD slips below 1.1400 amid strong US data and soft French inflation
The EUR/USD pair retreats below 1.1400 for the second consecutive day, driven by a recovery in the US Dollar (USD) following an upbeat Consumer Confidence report. Additionally, soft inflation data in France undermined the shared currency, which trades on Tuesday at 1.1335, down over 0.40%.
Forex Today: Investors shift their attention to the FOMC Minutes
The US Dollar (USD) regained composure and managed to leave behind two daily retracements in a row on turnaround Tuesday, as US investors returned to their desks following Monday's Memorial Day holiday.
Canadian Dollar snaps six-day win streak as markets pare Loonie bets
The Canadian Dollar (CAD) lost ground against the US Dollar (USD) on Tuesday, snapping a six-session winning streak for the Loonie and pushing USD/CAD back above 1.3750 as trade headlines dominate the market cycle.
AUD/USD retreats ahead of Australia's CPI release, US FOMC Minutes
The Australian Dollar (AUD) is facing renewed pressure against the US Dollar (USD) on Tuesday as the Greenback rebounds across the board following mixed US economic data and a resurgence in market liquidity.
US Dollar Index rebounds toward 99.50 as trade tensions ease, but bearish pressure lingers
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD), is pushing upward as market participants respond to fading trade tensions. Markets are drawing fresh optimism from President Trump's decision to delay the implementation of 50% tariffs on EU imports.
ECB's Nagel remains cautious on next rate move
Bundesbank President Joachim Nagel struck a measured tone on the path ahead for interest rates, saying it remains too soon to decide on a further cut next month.
ECB's Lane: We are in a zone of normal central banking
Philip Lane, the chief economist of the European Central Bank, indicated that although the majority of factors suggested a continued decline in euro area inflation, there were also concerns, such as the possibility of unsuccessful EU-US trade negotiations, that could lead to an increase in inflation
NZD/USD slips below 0.5950 as markets await RBNZ rate decision, Fed minutes
The New Zealand Dollar (NZD) is losing ground against the US Dollar (USD) on Tuesday, slipping back after a failed attempt to break above the key 0.6000 level.
GBP/USD eases from three-year high as US Dollar steadies on trade hopes
The British Pound (GBP) edges lower against the US Dollar, retreating from a three-year high, with the GBP/USD pair trading around 1.3510 during the American session on Tuesday.
USD/INR edges higher as Rupee weakens on month-end Dollar demand, RBI rate cut bets
The Indian Rupee (INR) depreciates against the US Dollar (USD) on Tuesday amid month-end Dollar demand from importers and a steady Greenback.
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