US Dollar Index (DXY) touches fresh weekly low around 107.60; downside seems limited
US Dollar Index (DXY) touches fresh weekly low around 107.60; downside seems limited
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, extends the previous day's retracement slide from over a one-week high and drifts lower through the Asian session on Thursday.
DollarIndex
Fed
InterestRate
TradeWar
Currencies
ForexLive Asia-Pacific FX news wrap: Awaiting Trump’s reciprocal tariffs (EUR up!)
ForexLive Asia-Pacific FX news wrap: Awaiting Trump’s reciprocal tariffs (EUR up!)
Forex news for Asian trading on Thursday, February 13, 2025
Session wrap
Wrap Asia
EUR/USD appreciates to near 1.0450 ahead of German HICP inflation data
EUR/USD appreciates to near 1.0450 ahead of German HICP inflation data
The EUR/USD pair continues its upward momentum for the third straight session, hovering around 1.0430 during Asian trading hours on Thursday.
EURUSD
TradeWar
Macroeconomics
Eurozone
China has proposed holding a Trump / Putin summit
China has proposed holding a Trump / Putin summit
Wall Street Journal report
Politics
China
USD
rub
New Zealand inflation expectations remained subdued in Q1 2025
New Zealand inflation expectations remained subdued in Q1 2025
Everyone all set for a 50bp interest rate cut from the Reserve Bank of New Zealand next week?
RBNZ
NZD
GBP/USD rises above 1.2450 ahead of UK GDP data
GBP/USD rises above 1.2450 ahead of UK GDP data
GBP/USD extends its winning streak for the third consecutive day, trading around 1.2460 during Thursday’s Asian session.
GBPUSD
Majors
Macroeconomics
BOE
UnitedKingdom
The Wall Street Journal says Trump’s call for rate cuts defies inflation reality
The Wall Street Journal says Trump’s call for rate cuts defies inflation reality
The Wall Street Journal editorial board with an opinion piece
Politics
Fed
NZD/USD moves below 0.5650 following RBNZ Inflation Expectations
NZD/USD moves below 0.5650 following RBNZ Inflation Expectations
NZD/USD continues to decline for the second consecutive day, trading around 0.5640 during Thursday’s Asian session.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ
Japanese Yen strengthens further against a broadly weaker USD
Japanese Yen strengthens further against a broadly weaker USD
The Japanese Yen (JPY) attracts some buyers following the release of stronger-than-expected Japan's Producer Price Index (PPI) on Thursday, which reaffirms bets that the Bank of Japan (BoJ) will hike rates further.
USDJPY
BOJ
Fed
TradeWar
SEO
Silver Price Forecast: XAG/USD gains traction above $32.00 on trade war concerns
Silver Price Forecast: XAG/USD gains traction above $32.00 on trade war concerns
Silver price (XAG/USD) edges higher to $32.25 during the Asian trading hours on Thursday.
Silver
XAGUSD
Commodities
Macroeconomics
Australian Dollar maintain gains as US Dollar depreciates ahead of US PPI inflation data
Australian Dollar maintain gains as US Dollar depreciates ahead of US PPI inflation data
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Thursday, following a rise in Australia’s Consumer Inflation Expectations.
AUDUSD
SEO
Macroeconomics
Majors
Australia
RBNZ Survey: NZ two-year inflation expectations decline to 2.06% QoQ in Q1 2025
RBNZ Survey: NZ two-year inflation expectations decline to 2.06% QoQ in Q1 2025
New Zealand's (NZ) inflation expectations were a mixed bag on a 12-month and a two-year time frame for the first quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Thursday.
RBNZ
NewZealand
Inflation
Macroeconomics
Reserve Bank of New Zealand inflation expectations: 1yr 2.15% (prior 2.05) 2yr 2.06 (2.12)
Reserve Bank of New Zealand inflation expectations: 1yr 2.15% (prior 2.05) 2yr 2.06 (2.12)
Mixed results, the 2 year dropped a touch, which is probably the more important of these two numbers
RBNZ
NZD
Hong Kong's 'central bank' says the PBOC will issue yuan sovereign bonds in HK
Hong Kong's 'central bank' says the PBOC will issue yuan sovereign bonds in HK
The Hong Kong Monetary Authority functions as HK's central bank.
CNY
China Stock Market
China
CNH
pboc
USD/INR gains ground as traders await Trump, Modi meeting
USD/INR gains ground as traders await Trump, Modi meeting
The Indian Rupee (INR) weakens on Thursday, pressured by the renewed US Dollar (USD) demand.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
PBOC sets USD/ CNY mid-point today at 7.1719 (vs. estimate at 7.3000)
PBOC sets USD/ CNY mid-point today at 7.1719 (vs. estimate at 7.3000)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.1719 vs. 7.1710 previous
PBOC sets USD/CNY reference rate at 7.1719 vs. 7.1710 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1719 as compared to the previous day's fix of 7.1710 and 7.3000 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
More sticky high inflation data, this time from Japan. Bank of Japan March meeting is live
More sticky high inflation data, this time from Japan. Bank of Japan March meeting is live
Japan's January wholesale inflation data was much higher than expected and higher than in December and November.
BOJ
JPY
Bank of America: Strong CPI underscores Fed's caution, rate hikes back in discussion
Bank of America: Strong CPI underscores Fed's caution, rate hikes back in discussion
"The bottom line is clear: the Fed has no reason to cut further"
UK Housing Market Cools Despite Upbeat Surveyors; Positive Outlook Ahead
UK Housing Market Cools Despite Upbeat Surveyors; Positive Outlook Ahead
UK housing market shows cooling trend in January, but a positive outlook is supported by easing mortgage pressures.
PBOC is expected to set the USD/CNY reference rate at 7.3000 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.3000 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
Australian Inflation Expectations survey for February 2025 4.6% (prior was 4.0%)
Australian Inflation Expectations survey for February 2025 4.6% (prior was 4.0%)
Melbourne Institute Survey of Consumer Inflation Expectations in Australia
WTI tumbles to near $71.00 as Trump says Putin agrees to start negotiations to end war in Ukraine
WTI tumbles to near $71.00 as Trump says Putin agrees to start negotiations to end war in Ukraine
WTI attracts some sellers to around $71.10 in Thursday’s early Asian session.
Oil
WTI
Commodities
Macroeconomics
Japan PPI for January is +4.2%y/y (expected +4.0% prior +3.8%)
Japan PPI for January is +4.2%y/y (expected +4.0% prior +3.8%)
For the m/m, comes in at +0.3% (vs. expected +0.3% and prior of +0.3%)
EUR/USD regains some ground, but remains hobbled by key technicals
EUR/USD regains some ground, but remains hobbled by key technicals
EUR/USD churned on Wednesday, testing the low end through most of the intraday session before breaking higher after investors tried to shake up an unexpected upswing in US Consumer Price Index (CPI) inflation.
EURUSD
CPI
Inflation
Currencies
GBP/JPY soars as hot US inflation weakens Yen
GBP/JPY soars as hot US inflation weakens Yen
The GBP/JPY rose sharply during Wednesday’s session, posting gains of over 1.22% or 230 plus pips after a hot US inflation report sent the Greenback higher and pushed the Japanese Yen (JPY) lower against most G8 FX currencies.
GBPJPY
Currencies
Crosses
GBP/USD churns ahead of UK GDP growth check
GBP/USD churns ahead of UK GDP growth check
GBP/USD is coiled around 1.2450, churning the charts near middling technical ground as Pound Sterling traders await the UK’s latest Gross Domestic Product (GDP) growth figures.
GBPUSD
CPI
GDP
Inflation
White House says Trump reciprocal tariffs could come by Thursday
White House says Trump reciprocal tariffs could come by Thursday
The White House said late Wednesday that US President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, per CNBC.
UnitedStates
TradeWar
Macroeconomics
Trump's reciprocal tariffs - more on timing
Trump's reciprocal tariffs - more on timing
Thursday seems to be betting
Politics
USD
USD/CAD holds positive ground above 1.4300 as US CPI rises, Oil prices fall
USD/CAD holds positive ground above 1.4300 as US CPI rises, Oil prices fall
The USD/CAD pair trades on a stronger note near 1.4305 during the late American session on Wednesday.
USDCAD
Majors
Macroeconomics
BOC
The Reserve Bank of New Zealand (RBNZ) Survey of Expectations due today can be a NZD mover
The Reserve Bank of New Zealand (RBNZ) Survey of Expectations due today can be a NZD mover
Heads up for NZD traders, the RBNZ inflation expectations data can move the Kiwi $
RBNZ
NZD
Fed's Waller doesn't comment on his outlook for the economy nor monetary policy
Fed's Waller doesn't comment on his outlook for the economy nor monetary policy
Federal Reserve Board Governor Christopher Waller speaking on stablecoins and such.
Australian Dollar turns down after US CPI and Powell’s testimony
Australian Dollar turns down after US CPI and Powell’s testimony
The Australian Dollar (AUD) extends its sideways consolidation as AUD/USD softens to around 0.6260 in Wednesday’s session, falling 0.30% on the day.
AUDUSD
SEO
Currencies
Fed
New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
Data for purchases made in New Zealand on debit, credit and store cards.
Economic calendar in Asia - Fed's Waller is speaking
Economic calendar in Asia - Fed's Waller is speaking
Reserve Bank of New Zealand (RBNZ) Survey of Expectations also, can be a market mover.
economic calendar
Fed
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