The yen weakened in Asia with USD/JPY rebounding toward 147.50 in what looked like a retrace of Friday’s Powell-driven drop. Broader FX moves were modest, …
Category: Forex Short News
HSBC has raised its end-2025 targets for China’s major equity benchmarks, citing abundant liquidity as the key driver. The bank now sees the Shanghai Composite …
European markets are open today, but the UK is closed for a holiday. UK markets will be absent, which will mean much less liquid trade …
Goldman Sachs lifted its price target on Cambricon to CNY 1,835, up from the current share price of 1,243. The bank cited three key drivers …
Nomura’s Global Markets Research team said Fed Chair Jerome Powell’s dovish tone last Friday opens the door for further downside in the dollar against the …
Hedge funds cut their bullish bets on crude oil to the lowest level in nearly 17 years, as the fading risk of fresh sanctions on …
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). …
Pantheon Macroeconomics said Powell’s Friday remarks mark a clear change in tone from the Fed’s July minutes, which had stressed upside inflation risks. Powell now …
Federal Reserve Chair Powell spoke on Friday, sending the dollar lower: investingLive Americas FX news wrap 22 Aug: Markets cheer on Powell tilt (for now) …
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …