Australian Dollar remains tepid following PBoC monetary policy decision
The Australian Dollar exhibited subdued performance in the aftermath of the People’s Bank of China (PBoC) monetary policy decision, reflecting broader market uncertainty. The PBoC held its key lending rates steady, signaling caution amid global economic headwinds and domestic challenges, which tempered market expectations of further monetary easing. China’s economic trajectory remains a significant driver […]
NZD/USD drifts lower below 0.5650 as weaker GDP fuels RBNZ rate cut bets
The NZD/USD pair edged lower, trading below the 0.5650 mark, following a weaker-than-expected GDP report that has reignited expectations of a dovish shift by the Reserve Bank of New Zealand (RBNZ). The economy contracted by 0.2% in the latest quarter, falling short of forecasts and stoking fears of a prolonged slowdown. This disappointing data has […]
PBOC sets USD/CNY reference rate at 7.1901 vs. 7.1911 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1901, a marginal adjustment from the previous 7.1911. This marks a continuation of Beijing’s effort to maintain market stability while addressing currency fluctuations amid global economic uncertainties. The marginal strengthening reflects China’s cautious approach to balance economic pressures, including softening exports and a […]
Japan’s Kato: Will take appropriate action against excessive moves
Japan’s Finance Minister, Shunichi Kato, has reiterated the government’s commitment to act decisively against excessive currency moves, signaling potential intervention in foreign exchange markets. Speaking to reporters, Kato underscored that recent currency fluctuations are being closely monitored, emphasizing the government’s resolve to maintain economic stability. The yen has faced renewed pressure, trading near multi-year lows […]
PBOC leaves Loan Prime Rates unchanged in December
China’s central bank, the People’s Bank of China (PBOC), kept its Loan Prime Rates (LPRs) unchanged in December, maintaining the one-year rate at 3.45% and the five-year rate at 4.20%. This decision aligns with market expectations and reflects a continued emphasis on economic stability as the nation navigates uneven post-pandemic recovery. The decision comes amid […]
Mexican Peso retraces as Banxico eyes further easing in 2025
The Mexican Peso experienced a pullback as speculation mounts over potential monetary easing by Banco de México (Banxico) in 2025. Recent comments from central bank officials hint at a shift from the current restrictive policy stance, citing improving inflation dynamics and a favorable economic outlook. The Peso, which has been one of the best-performing emerging-market […]
USD/CAD holds positive ground above 1.4400, eyes on Canadian Retail Sales, US Core PCE data
The USD/CAD pair remains steady above the 1.4400 mark, supported by a firm U.S. dollar amid cautious sentiment ahead of pivotal economic releases. Investors are focusing on the upcoming Canadian Retail Sales data and the U.S. Core PCE Price Index, which could shape near-term monetary policy expectations for both countries. Market participants anticipate that Canada’s […]
Japan’s National CPI climbs 2.9% YoY in November, Core CPI rises more than expected
Japan’s National Consumer Price Index (CPI) increased by 2.9% year-on-year in November, signaling persistent inflationary pressures as the country grapples with global price trends and domestic economic challenges. The rise in the Core CPI, which excludes volatile fresh food prices, outpaced expectations, reflecting the growing burden on households from higher energy and commodity costs. The […]
Bitcoin’s trajectory shows similarities with previous cycles as long-term holders book profits of $2.1 billion
Long-term Bitcoin holders have realized $2.1 billion in profits, reflecting patterns seen in past market cycles. This wave of selling suggests confidence among seasoned investors in capitalizing on recent price rallies, even as the broader crypto market remains volatile. The profit-taking aligns with Bitcoin’s cyclical nature, where peaks often prompt strategic exits by long-term participants. […]