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Forex Live
PBOC to also cut relending rate by 25 bps to 1.50%
This will go into effect from 7 May as well
CNY
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Fxstreet
USD/CAD advances to near 1.3800 despite improved risk sentiment, Fed decision awaited
USD/CAD is recovering its losses registered in the previous session, trading around 1.3790 during the Asian hours on Wednesday.
USDCAD
Canada
Macroeconomics
Majors
Fed
News Discussion Forum
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Forex Live
ForexLive Asia-Pacific FX news wrap: 1. US/China to meet on trade & 2. China rate cuts
Forex news for Asian trading on Wednesday, May 7, 2025
Session wrap
Wrap Asia
News Discussion Forum
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Fxstreet
USD/INR gains ground as US Dollar remains stronger ahead of Fed policy
The Indian Rupee (INR) loses ground against the US Dollar (USD) during Wednesday's European trading session amid rising geopolitical tensions between India and Pakistan.
Asia
SEO
USDINR
Macroeconomics
News Discussion Forum
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Forex Live
PBOC/CSRC China supportive measures - in summary
People's Bank of China / China Securities Regulatory Commission
China Stock Market
pboc
News Discussion Forum
By
Fxstreet
NZD/USD moves away from over two-week high, slides back below 0.6000 mark
The NZD/USD pair retreats following an Asian session uptick to the 0.6020-0.6025 area, or over a two-week high, and for now, seems to have snapped a three-day winning streak.
Currencies
TradeWar
Fed
Employment
NZDUSD
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Forex Live
China unlocks more insurance capital for stocks, signals property support
China will allow an additional 60 billion yuan (US$8.3 billion) from long-term insurance funds to be invested in equities
China Stock Market
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Forex Live
People's Bank of China to cut Standing Lending Facility rate by 10bp
From May 8
pboc
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Forex Live
China promises more local stock market support from sovereign fund
Central Huijin sovereign wealth fund getting the call to support equities
China Stock Market
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Fxstreet
Gold price bounces off daily low, keeps the red below $3,400 as traders await Fed policy update
Gold price (XAU/USD) trims a part of its intraday losses, though it retains intraday negative bias and remains below the $3,400 mark heading into the European session on Wednesday. The US Dollar (USD) continues with its struggle to gain any meaningful traction and languishes near the weekly low.
TradeWar
Fed
SEO
Gold
Commodities
News Discussion Forum
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Fxstreet
China Securities Regulator Head: US tariff policy has brought great pressure to capital markets
The head of the China Securities Regulatory Commission (CSRC) said on Wednesday, “US tariff policy has brought great pressure to China's capital markets.”
China
TradeWar
Equities
UnitedStates
AUDUSD
News Discussion Forum
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Forex Live
China will help A-share listed companies affected by tariffs to cope with difficulties
China securities regulator
China Stock Market
China
News Discussion Forum
By
Fxstreet
PBOC Governor Pan announces LPR 10 bps cut, RRR 50 bps cut and 7-day RR cut to 1.4%
Following a meeting with the People's Bank of China (PBOC), China Securities Regulatory Commission, National Financial Regulatory Authority, the Chinese central bank Governor Pan Gosheng announces interest rates cuts.
CentralBanks
USDCNY
PBOC
InterestRate
AUDUSD
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Forex Live
PBOC governor says will lower interest rates on structural policy tools by 25 bps
Will guide banks in reducing deposit rates
pboc
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Forex Live
People's Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)
Effective May 8
pboc
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Forex Live
Trump expected to announce the US will refer to the Persian Gulf as the "Arabian Gulf"
Trump is expected to announce during his upcoming visit to Saudi Arabia that the United States will begin referring to the Persian Gulf as the "Arabian Gulf"
Politics
News Discussion Forum
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Fxstreet
AUD/USD rises above 0.6500 following domestic data, US-China trade talks eyed
The AUD/USD pair continues its upward momentum for the fourth consecutive session, hovering around the 0.6510 mark during Wednesday’s Asian trading hours. The Australian Dollar (AUD) finds support from releasing domestic mid-tier economic data and improving global trade sentiment.
AUDUSD
Majors
Macroeconomics
Australia
News Discussion Forum
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Forex Live
PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut
People's Bank of China Governor Pan announcement
pboc
News Discussion Forum
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Forex Live
PBOC sets USD/ CNY reference rate for today at 7.2005 (vs. estimate at 7.2124)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
News Discussion Forum
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Fxstreet
PBOC sets USD/CNY reference rate at 7.2005 vs. 7.2008 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.2005 as compared to the previous day's fix of 7.2008 and 7.2124 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC
News Discussion Forum
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Forex Live
PBOC Governor Pan says world is full of uncertainties - cuts rates
People's Bank of China, China Securities Regulatory Commission, National Financial Regulatory Authority news conference
China Stock Market
China
pboc
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Forex Live
Gold has been slammed lower, under US$3370
Gold topped above 3430 earlier
Gold
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Forex Live
Australia - Santos CEO says over 200 wells underwater due to floods in Cooper Basin
The Cooper Basin is a significant source of natural gas for Australia
Natural gas
Oil
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Forex Live
Japan Jibun / S&P Global Services PMI for April 52.4 (flash was 52.2, prior 50.0)
The preliminary reading was the highest in three months, confirmed in the final now
JPY
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Forex Live
US may deport people to Libya
US official announces. Says the first flight could leave as soon as tomorrow, Wednesday.
Politics
News Discussion Forum
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Forex Live
PBOC is expected to set the USD/CNY reference rate at 7.2124 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
News Discussion Forum
By
Fxstreet
EUR/USD continues to muddle along ahead of key Fed showing
EUR/USD muddled through Tuesday’s market action, marking out a fresh near-term consolidation range near the 1.1300 major handle as Fiber traders wait for a reason to move.
EURUSD
Fed
InterestRate
News Discussion Forum
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Forex Live
PBOC Governor Pan press conference appearance soon
People's Bank of China Governor Pan to speak
GBP
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Forex Live
ICYMI: US-UK trade talks make some progress on steel, autos, but deal timing still unclear
90-day pause on retaliatory tariffs is set to expire in early July
GBP
News Discussion Forum
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Fxstreet
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see the UK avoid the brunt of trade tariffs being actively pursued by the Trump administration.
TradeWar
Fed
BOE
GBPUSD
News Discussion Forum
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Fxstreet
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see the UK avoid the brunt of trade tariffs being actively pursued by the Trump administration.
TradeWar
Fed
BOE
GBPUSD
News Discussion Forum
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Forex Live
WSJ reports "U.S. Orders Intelligence Agencies to Step Up Spying on Greenland"
SMH
Politics
News Discussion Forum
By
Forex Live
Bessent with juicy China trade talk details - we'll decide what we are going to talk about
"My sense is this will be about de-escalation"
China
USD
News Discussion Forum
By
Forex Live
New Zealand employment report, Unemployment rate 5.1% vs. 5.3% expected
January - March jobs data from New Zealand
NZD
News Discussion Forum
By
Forex Live
China' s Ministry of Commerce says is has "decided to agree to engage with the US"
MofCom gave it some thought ....
China
USD
News Discussion Forum
By
Forex Live
China confirms Vice Premier He Lifeng to talk trade with Bessent this week
Official China statement
China
USD
News Discussion Forum
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Forex Live
Australian dollar higher on talk of Bessent/Greer/ China Vice Premier He Lifeng meeting
The meeting is said to be taking place later this week in Switzerland
China
AUD
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Forex Live
"Sources" say US' Bessent and Greer to meet with China rep on Economic Matters this week
The two to meet with a representative from China
USD
News Discussion Forum
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Fxstreet
AUD/NZD Price Analysis: Aussie softens near 1.0800 as bearish tone gains traction
The AUD/NZD pair edged lower on Tuesday, trading near the 1.0800 zone after a steady decline through the European session. Price action remained confined within the day’s range, but the downside drift highlights the underlying bearish tone as the pair approaches the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
News Discussion Forum
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Forex Live
Japanese media reports that Fujifilm will build a semiconductor materials factory in India
This was floated back in January, Nikkei confirms npow
JPY
Nasdaq
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