XRP is back above $0.55 with uncertainty over SEC appeal in lawsuit against Ripple
XRP exchanges hands above $0.55 on Thursday, gains nearly 1%. Market participants digest the confusion over a missed appeals ...
USD/INR drifts lower as traders await more cues about Fed rate cuts
According to the CME FedWatch tool, traders have priced in a nearly 90.3% chance of a 25 basis points (bps) Fed rate cut in ...
Australian Dollar holds ground after the release of China GDP data
The US Dollar received support from a solid US Retail Sales report, fueling the likelihood of the Fed delivering nominal rate ...
WTI inches higher to near $70.50 following drop in US Oil stocks
West Texas Intermediate (WTI) Oil price extends its gains for the second consecutive day, trading around $70.40 per barrel during Asian hours on Friday. The rise in crude Oil prices was supported by ...
PBOC Governor Pan: RRR could be further reduced by year-end depending on market liquidity
Depending on market liquidity, reserve requirement ratio could be further reduced by 0.25 to 0.5 percentage points before the ...
China’s NBS: September economic indicators showed positive changes
Following the publication of the high-impact China’s growth and activity data for September, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on ...
Japanese official: Closely watching FX moves with a high sense of urgency, including speculative moves
A Japanese government spokesman delivered some verbal warnings after the Japanese Yen fell below 150.00 against the US Dollar ...
NZD/USD flat lines above mid-0.6000s after Chinese data, seems vulnerable near two-month low
The NZD/USD pair extends its sideways consolidative price move through the Asian session on Friday and remains within the striking distance of a nearly two-month low touched earlier this week. Spot ...
Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency
The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of ...
PBOC says it's necessary to increase support for the economy
The People's Bank of China (PBoC), National Financial Regulatory Administration (NFRA) and China Securities Regulatory Commission (CSRC) held a meeting on Financial Incremental Policies on Friday. The ...
PBOC sets USD/CNY reference rate at 7.1274 vs. 7.1220 previous
On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1274, as compared to the previous day's fix of 7.1220 and 7.1267 Reuters estimates.
EUR/USD continues to slump after ECB rate cut
EUR/USD continues to backslide following the European Central Bank’s (ECB) quarter-point rate trim early Thursday. A lack of ...