Australian dollar holds steady as US dollar weakens ahead of key PMI data
The Australian dollar (AUD) remained stable on Wednesday, while the US dollar (USD) weakened slightly ahead of the anticipated release of Purchasing Managers’ Index (PMI) data. Investors are closely eyeing the upcoming PMI figures, which are expected to provide critical insights into the state of the U.S. economy and could influence currency movements. The AUD […]
EUR/USD rebounds from multi-month low, approaches 1.0800 as traders await flash PMI data
The EUR/USD currency pair has extended its recovery, approaching the 1.0800 level after hitting a multi-month low earlier in the week. Traders are now focusing on the upcoming flash PMI reports, which are expected to offer insights into the economic conditions in both the eurozone and the U.S., and could significantly influence the next market […]
ECB’s Vasle advocates gradual shift toward neutral monetary policy
Bostjan Vasle, a member of the European Central Bank’s (ECB) governing council, has stressed the importance of moving gradually toward a neutral monetary policy stance, calling for progress in “measured steps.” His comments reflect the ECB’s ongoing efforts to balance inflation control with maintaining economic stability across the eurozone. Vasle’s remarks underscore the ECB’s cautious […]
Number of bitcoin whales surges to highest level since January 2021, signaling renewed confidence in crypto market
The number of Bitcoin whales—wallets holding substantial amounts of the cryptocurrency—has climbed to its highest point since January 2021, reflecting growing confidence among large investors as the crypto market continues its recovery. This surge in large Bitcoin holders suggests that significant players are accumulating more of the digital asset, possibly in anticipation of further price […]
PBOC sets USD/CNY reference rate at 7.1286 vs. 7.1245 previous
China’s central bank, the People’s Bank of China (PBOC), set the USD/CNY reference rate at 7.1286, marking a slight increase from the previous rate of 7.1245. This adjustment signals a cautious response to ongoing economic and geopolitical factors, as the yuan continues to face downward pressure due to global market dynamics. The move comes as […]
USD/CAD moves away from post-BoC swing high, slides to 1.3825 on softer USD
The USD/CAD pair slipped to 1.3825 on Thursday, retreating from its recent post-Bank of Canada (BoC) highs as the US dollar softened amid market reassessments of the Federal Reserve’s policy path. After a brief climb earlier in the week, the pair’s pullback reflects a shift in sentiment toward a less aggressive stance on interest rates […]