Bessent: Many Asian Currencies Now Track the Yen, Including Won and Yuan
US Treasury Secretary Scott Bessent said that many Asian currencies, including the Korean won and Chinese yuan, are now tracking the Japanese yen
Forex News
Forex News
PBOC Fixes Yuan Reference Rate at 6.7889 vs Dollar, Signaling Stability
The People’s Bank of China (PBOC) set the daily USD/CNY central parity rate at 6.7889 on Tuesday, a marginal adjustment from the previous
Forex News
Japanese Yen Gains on Strong Wage Data, Hawkish BoJ Minutes, and Weaker US Dollar
The Japanese Yen strengthened against the US Dollar on Friday, buoyed by stronger-than-expected wage data from Japan, a hawkish tone in the Bank
Forex News
WTI Holds Near $75.00 as Middle East Diplomacy Tempers Supply Fears
WTI crude oil futures traded near $75.00 per barrel on Tuesday, holding gains despite reports of diplomatic progress in the Middle East that
Forex News
Ethereum holds below $1,900 as retail distribution signals caution
Ethereum (ETH) is trading below the $1,900 mark as of March 19, 2025, with on-chain data pointing to a rise in retail distribution
Forex News
US-Iran Talks Progress, Says Secretary Rubio; Deal Could Come ‘Very Shortly’
US Secretary of State Marco Rubio said on [date] that talks between the United States and Iran are making progress and a potential
Forex News
Hong Kong SAR Private Sector Growth Eases in July as PMI Slips to 51
Hong Kong SAR’s private sector expansion slowed in July, with the S&P Global Purchasing Managers’ Index (PMI) easing to 51.0 from 52.0 in
Forex News
New Zealand Dollar Dips Below 0.5900 as Unemployment Hits Decade High
The New Zealand Dollar (NZD) weakened below the 0.5900 mark against the US Dollar (USD) on Wednesday, following the release of official data
Forex News
Bitcoin On-Chain Activity Surges as Coldcard Attack Raises Security Concerns: K33
Bitcoin on-chain activity has surged to multi-month highs, even as a new attack vector targeting Coldcard hardware wallets has raised fresh security concerns
Forex News
Treasury’s Currency Gamble: What It Means for Markets and Investors
The U.S. Treasury’s recent currency strategy, often described as a gamble, has drawn attention from financial markets and investors as of this week.