EUR/USD trades with mild losses near 1.0400 amid holiday quiet session
The EUR/USD pair dipped slightly to trade near 1.0400, reflecting subdued activity in a quiet holiday trading session. With market participants largely sidelined, liquidity thinned, contributing to limited price action. The pair has been weighed down by a persistently strong dollar, fueled by expectations of prolonged tight monetary policy by the Federal Reserve. Market sentiment […]
PBOC sets USD/CNY reference rate at 7.1893 vs. 7.1876 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1893, slightly higher than the previous 7.1876, signaling a subtle adjustment in the central bank’s currency management strategy. This move comes as China navigates global economic pressures and maintains a cautious stance on exchange rate fluctuations. The marginal increase suggests the PBOC’s commitment […]
BoJ Summary of Opinions: Member suggests scrutinizing data before adjusting monetary support
A Bank of Japan (BoJ) member has called for a cautious approach to altering the central bank’s monetary policy, emphasizing the importance of scrutinizing economic data before making adjustments. This perspective, revealed in the BoJ’s Summary of Opinions, underscores growing internal debates over the future of Japan’s ultra-loose monetary policy. While the BoJ has faced […]
USD/JPY holds below 158.00 after Tokyo CPI inflation data
The USD/JPY pair remained below the 158.00 level on Wednesday, as fresh Tokyo CPI inflation data suggested a slight cooling in price pressures. Core consumer prices in Tokyo, a leading indicator of Japan’s nationwide inflation, rose 2.9% year-over-year in December, down from 3.3% in November and marking a slowdown for the second consecutive month. The […]