Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
PBOC sets USD/CNY reference rate at 6.7808 vs. 6.7854 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7808 compared to the previous day's fix of 6.7854 and 6.7196 Reuters estimate.
Australia Consumer Inflation Expectations increased to 4.9% in August from previous 4.7%
Australia Consumer Inflation Expectations increased to 4.9% in August from previous 4.7%
China PBoC Interest Rate Decision meets forecasts (3%)
China PBoC Interest Rate Decision meets forecasts (3%)
PBOC leaves Loan Prime Rates unchanged in August
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Thursday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.
Euro edges lower below 1.1700 despite fading Fed hike odds
The EUR/USD pair posts modest losses around 1.1675 during the early Asian session on Thursday. The Euro (EUR) edges lower against the US Dollar (USD) after experiencing a sharp surge in the previous session.
Japan Merchandise Trade Balance Total came in at ¥-634.5B, above expectations (¥-680B) in July
Japan Merchandise Trade Balance Total came in at ¥-634.5B, above expectations (¥-680B) in July
Japan Adjusted Merchandise Trade Balance: ¥-686B (July) vs ¥-881.9B
Japan Adjusted Merchandise Trade Balance: ¥-686B (July) vs ¥-881.9B
Japan Foreign Investment in Japan Stocks increased to ¥621.2B in August 14 from previous ¥-368.5B
Japan Foreign Investment in Japan Stocks increased to ¥621.2B in August 14 from previous ¥-368.5B
Japan Foreign Bond Investment fell from previous ¥1629.4B to ¥1135.1B in August 14
Japan Foreign Bond Investment fell from previous ¥1629.4B to ¥1135.1B in August 14
US Treasury Department to buy back more longer-term bonds
The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
Japan Imports (YoY) above expectations (26.5%) in July: Actual (27.8%)
Japan Imports (YoY) above expectations (26.5%) in July: Actual (27.8%)
Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
US President Donald Trump announces "crushing economic operation" on Iran
US President Trump announced the most severe economic action ever taken against Iran, CBS News reported on Wednesday. Trump said this will be economic conflict and isolation on an unprecedented scale and the countries allowing financial aid to Iran will face severe economic consequences.Â