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  1. PBOC sets USD/CNY reference rate at 7.1072 vs. 7.1030 previous
    • Breaking news

    PBOC sets USD/CNY reference rate at 7.1072 vs. 7.1030 previous

    • Breaking news

    On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1072 as compared to Friday's fix of 7.1030 and 7.1281 Reuters estimate.

  2. GBP/USD trades with positive bias above 1.3500; modest USD strength caps gains
    • Breaking news

    GBP/USD trades with positive bias above 1.3500; modest USD strength caps gains

    • Breaking news

    The GBP/USD pair kicks off the new week on a positive note and holds steady above the 1.3500 psychological mark during the Asian session. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices is to the upside.

  3. EUR/USD hovers near 1.1700 amid rising bets of Fed rate cuts
    • Breaking news

    EUR/USD hovers near 1.1700 amid rising bets of Fed rate cuts

    • Breaking news

    EUR/USD extends its winning streak for the fifth successive session, trading around 1.1700 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) faces challenges amid rising bets of an interest rate cut by the US Federal Reserve (Fed) in the September meeting.

  4. USD/JPY edges higher above 147.00 despite Fed rate cut hopes
    • Breaking news

    USD/JPY edges higher above 147.00 despite Fed rate cut hopes

    • Breaking news

    The USD/JPY pair gains ground to around 147.20 during the early Asian session on Monday. The Japanese Yen (JPY) softens against the US Dollar (USD) as cooling inflationary pressures in Japan undermine bets of one more interest rate hike by the Bank of Japan (BoJ) this year.

  5. US appeals court rules Trump's global tariffs are largely illegal
    • Breaking news

    US appeals court rules Trump's global tariffs are largely illegal

    • Breaking news

    On Friday, the US Court of Appeals for the Federal Circuit upheld a ruling that the sweeping tariffs the US President Donald Trump unilaterally imposed on most other countries were illegal, CNN reported. 

  6. Fed's Daly: Policymakers will be ready to lower interest rates soon
    • Breaking news

    Fed's Daly: Policymakers will be ready to lower interest rates soon

    • Breaking news

    Federal Reserve (Fed) Bank of San Francisco President Mary Daly said that policymakers will be ready to cut the interest rates soon, adding that inflation stemming from tariffs will likely prove temporary, Bloomberg reported on Sunday. 

  7. ECB's Rehn: Inflation uncertainty calls for flexible policy
    • Breaking news

    ECB's Rehn: Inflation uncertainty calls for flexible policy

    • Breaking news

    European Central Bank (ECB) Governing Council member Olli Rehn said that current uncertainty over inflation developments calls for "flexibility" in policymaking, Bloomberg reported on Sunday. 

  8. AUD/USD extends the rally to near 0.6550 ahead of China's Caixin Manufacturing PMI release
    • Breaking news

    AUD/USD extends the rally to near 0.6550 ahead of China's Caixin Manufacturing PMI release

    • Breaking news

    The AUD/USD pair extends its upside to near 0.6540 during the early Asian session on Monday. Traders ramp up bets for a US interest rate cut by the Federal Reserve (Fed) in the September meeting, which weighs on the US Dollar (USD).

  9. China's NBS Manufacturing PMI rises to 49.4 in August, Non-Manufacturing PMI climbs to 50.3
    • Breaking news

    China's NBS Manufacturing PMI rises to 49.4 in August, Non-Manufacturing PMI climbs to 50.3

    • Breaking news

    China's official Manufacturing Purchasing Managers' Index (PMI) rose to 49.4 in August, compared to 49.3 in the previous reading. The reading came in below the market consensus in the reported month. 

  10. AUD/USD edges into fourth straight winning day
    • Breaking news

    AUD/USD edges into fourth straight winning day

    • Breaking news

    AUD/USD caught a late-week lift on Friday, rising into the 0.6550 region after the latest US inflation data pushed the US Dollar (USD) lower across the board.

  11. Silver Price Forecast: XAG/USD rallies to fresh 14-year high, eyes break above $40.00
    • Breaking news

    Silver Price Forecast: XAG/USD rallies to fresh 14-year high, eyes break above $40.00

    • Breaking news

    Silver (XAG/USD) extends its rally for the fourth consecutive day on Friday, with spot prices climbing to fresh 14-year highs.

  12. Dow Jones Industrial Average stumbles after PCE inflation rises
    • Breaking news

    Dow Jones Industrial Average stumbles after PCE inflation rises

    • Breaking news

    The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures Price Index (PCE) inflation figures.

  13. USD/CHF slides to one-month low as resilient US data fails to lift Greenback
    • Breaking news

    USD/CHF slides to one-month low as resilient US data fails to lift Greenback

    • Breaking news

    The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.

  14. GBP/USD consolidates above 1.3450 with muted reaction to US inflation data
    • Breaking news

    GBP/USD consolidates above 1.3450 with muted reaction to US inflation data

    • Breaking news

    The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm.

  15. Canadian economy contracts by 1.6% in the second quarter
    • Breaking news

    Canadian economy contracts by 1.6% in the second quarter

    • Breaking news

    Canada's real Gross Domestic Product (GDP) declined by 0.4% on a quarterly basis in the second quarter, Statistics Canada reported on Friday. This print followed the 0.5% growth recorded in the first quarter.

  16. EUR/USD steadies above 1.1660 as US PCE data matches expectations
    • Breaking news

    EUR/USD steadies above 1.1660 as US PCE data matches expectations

    • Breaking news

    The Euro (EUR) is trading under pressure against the US Dollar (USD) on Friday, edging lower in early dealings before steadying around 1.1660 after the US July Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations.

  17. EUR/CHF Price Forecast: Euro steadies below 100-day EMA, eyes 0.9400 hurdle
    • Breaking news

    EUR/CHF Price Forecast: Euro steadies below 100-day EMA, eyes 0.9400 hurdle

    • Breaking news

    The EUR/CHF attracts buyers on Friday, extending gains for a second straight day after a three-day decline earlier in the week. The cross is trading near 0.9358 at the start of the American session, holding just below the 100-day Exponential Moving Average (EMA).

  18. USD/CAD steady near 1.3750 as traders await US PCE inflation and Canada GDP
    • Breaking news

    USD/CAD steady near 1.3750 as traders await US PCE inflation and Canada GDP

    • Breaking news

    The USD/CAD is virtually unchanged on Friday, trading flat after pausing a three-day losing streak as traders turn cautious ahead of the US Personal Consumption Expenditures (PCE) inflation report and Canada's Gross Domestic Product (GDP), both scheduled for release at 12:30 GMT.

  19. USD/JPY: Markets balance weaker data and supportive spreads - Scotiabank
    • Breaking news

    USD/JPY: Markets balance weaker data and supportive spreads - Scotiabank

    • Breaking news

    The Japanese Yen (JPY) is entering Friday's NA session flat from Thursday's close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

  20. USD/CNH remains negative - UOB Group
    • Breaking news

    USD/CNH remains negative - UOB Group

    • Breaking news

    The sharp drop in US Dollar (USD) could test 7.1100 before stabilization can be expected; the next support at 7.1000 is unlikely to come into view.


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