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PBOC sets USD/CNY reference rate at 6.7521 vs. 6.7580 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7521 compared to the previous day's fix of 6.7580 and 6.7065 Reuters estimate.
Fri, Sep 18
Japanese Yen flirts with two-week low vs USD after CPI report, ahead of BoJ
The USD/JPY pair attracts fresh buyers during the Asian session on Friday and currently trades above the 156.00 mark, near a two-week high as traders await the outcome of a two-day Bank of Japan (BoJ) meeting.
Fri, Sep 18
Euro nudges higher above 1.1450 as US yields, oil retreat
The EUR/USD pair trades with mild gains around 1.1480 during the early Asian session on Friday. The US Dollar (USD) edges lower against the Euro (EUR) amid lower US Treasury yields and moderating oil prices. Federal Reserve (Fed) Governor Michelle Bowman is set to speak later on Friday.
Fri, Sep 18
Iran’s IRGC claims attack on Togolese oil tanker for 'illegal transit' in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps (IRGC) said on Thursday that a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Arab news reported.
Thu, Sep 17
RBA's Bullock: At August board meeting, risks to outlook were skewed to the upside
Reserve Bank of Australia (RBA) Governor Michele Bullock said on Friday that risks to outlook were skewed to the upside at August board meeting.
Thu, Sep 17
1.9%: Japan’s National CPI steadies in August
Japan’s National Consumer Price Index (CPI) climbed by 1.9% YoY in August, compared to the previous reading of 1.9%, according to the latest data released by the Japan Statistics Bureau on Friday.
Thu, Sep 17
Gold rebounds to near $4,350 on weaker US Dollar, falling oil prices
Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.
Thu, Sep 17
Australian Dollar finds a floor as Oil retreat loosens USD’s grip
The Australian Dollar recovered some ground versus the US Dollar on Thursday, following the Federal Reserve’s monetary policy decision on Wednesday, which witnessed a 0.25% rate hike and paved the way for further tightening.
Thu, Sep 17
S&P Global to acquire OpenZeppelin in on-chain security expansion
S&P Global (SPGI) has agreed to acquire blockchain security firm OpenZeppelin as the financial data and analytics company expands its on-chain risk assessment capabilities.
Thu, Sep 17
CFTC advances targeted crypto regulatory relief as CLARITY Act stalls
The Commodity Futures Trading Commission (CFTC) is taking targeted steps to accommodate financial technology innovation as broader digital asset market-structure legislation remains stalled in Congress.
Thu, Sep 17
Bank of Japan is expected to deliver a hawkish hike, pressured by rising inflation
The Bank of Japan’s (BoJ) monetary policy meeting will close a week packed with central bank decisions on Friday, with markets particularly interested in confirming expectations of a hawkish shift that has boosted a strong Japanese Yen (JPY) recovery in September.
Thu, Sep 17
EUR/JPY Price Forecast: Spinning tops warn bulls near 180.00
The EUR/JPY drops by about 0.08% on Thursday, forming back-to-back spinning tops near the 180.00 area, the top of a consolidation range capped to the downside by 178.00. At the time of writing, the cross-pair trades at 179.02, below its opening price.
Thu, Sep 17
South Korea Producer Price Index Growth (YoY): 7.9% (August) vs 7.7%
Thu, Sep 17
South Korea Producer Price Index Growth (MoM) increased to 0.2% in August from previous -0.4%
Thu, Sep 17
US Dollar slips against the Japanese Yen before the Bank of Japan raises rates
USD/JPY trades near 156.00 after a session high at 156.32 and a low at 155.34, which leaves it three Yen above the September 8 low and four below the September 2 high. The Bank of Japan announces at 02:45 GMT on Friday and a quarter-point increase to 1.25% is priced at 100%.
Thu, Sep 17
British Pound Sterling slides after the Bank of England stays put
GBP/USD trades near 1.3350 after a session low at 1.3336, its weakest since the end of July, and it has been under its 200-day average since Wednesday. The Bank of England left Bank Rate at 3.75%, with three of its nine members voting for an increase to 4% and none voting for a cut.
Thu, Sep 17
GBP/JPY Price Forecast: Evening star puts 207.00 back in play
GBP/JPY makes a U-turn and loses about 0.39% on Thursday as risk appetite improves, while traders await a potential rate hike by the Bank of Japan later in Friday’s session. The cross-pair trades at 208.32 after reaching a high of 209.19.
Thu, Sep 17
Singapore Dollar: Strong Dollar keeps pair supported – OCBC
OCBC strategist Christopher Wong highlights that Singapore Dollar (SGD) remains largely driven by the broader Dollar story after the FOMC, given its high sensitivity to USD moves.
Thu, Sep 17
Thai Baht: Electronics boom offers limited FX support – MUFG
MUFG’s Lloyd Chan remains cautious on the Thai Baht, keeping the USD/THB forecast at 34.00 by year-end.
Thu, Sep 17
Forex Today: US Dollar eases ahead of Bank of Japan decision
The US Dollar (USD) is ending Thursday softer. The US Dollar Index (DXY) hovers just above the 100.00 mark after climbing to a seven-week high earlier in the week. The sideways action follows Wednesday's decision by the Federal Reserve (Fed) to raise interest rates for the first time since 2023.
Thu, Sep 17
