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PBOC sets USD/CNY reference rate at 7.2095 vs. 7.2073 previous
PBOC sets USD/CNY reference rate at 7.2095 vs. 7.2073 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.2095 as compared to the previous day's fix of 7.2073 and 7.2581 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC
PBOC is expected to set the USD/CNY reference rate at 7.2581 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2581 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
Westpac forecast RBNZ rate cut of 25bp in May and 25bp cut in July
Westpac forecast RBNZ rate cut of 25bp in May and 25bp cut in July
Westpac adding in another expected rate cut from the Reserve Bank of New Zealand
EUR/USD fumbles again as trade deal hopes bolster Greenback bids
EUR/USD fumbles again as trade deal hopes bolster Greenback bids
EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK).
Currencies
EURUSD
TradeWar
GBP/USD eases post-BoE rate cut as Greenback flows rise
GBP/USD eases post-BoE rate cut as Greenback flows rise
GBP/USD kicked off Thursday with an early spat of gains, fueled by the Bank of England (BoE) delivering the market a widely-anticipated quarter point rate cut.
TradeWar
BOE
GBPUSD
Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%.
Technical Analysis
Silver
Metals
XAGUSD
US Commerce Secretary Lutnick: We're looking for a deal from a big country in Asia
US Commerce Secretary Lutnick: We're looking for a deal from a big country in Asia
United States (US) Commerce Secretary Howard Lutnick gave back-to-back interviews on CNBC and Fox Business on Thursday, reiterating some common trade talking points from the Trump administration.
TradeWar
UnitedStates
Politics
AUD/NZD Price Analysis: Aussie extends gains near 1.0800 as bullish momentum builds
AUD/NZD Price Analysis: Aussie extends gains near 1.0800 as bullish momentum builds
The AUD/NZD pair climbed higher on Thursday, trading near the 1.0800 area after the European session, reflecting a steady bullish tone as the market approaches the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
Bullish
Preview: China export growth likely slowed sharply to +1.9% y/y in April (+12.4% in March)
Preview: China export growth likely slowed sharply to +1.9% y/y in April (+12.4% in March)
Chinese trade data for April 2025 is due on Friday, May 9, 2025 at around 0300 GMT (2300 US Eastern time on Thursda)
China
USD/JPY surges on Fed hold and US-UK trade optimism
USD/JPY surges on Fed hold and US-UK trade optimism
The USD/JPY pair surged higher as the US Dollar (USD) strengthened following the Federal Reserve’s decision to leave interest rates unchanged, coupled with renewed optimism over US-UK trade ties.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis
Mexican Peso strengthens on inflation spike, post US-UK trade deal
Mexican Peso strengthens on inflation spike, post US-UK trade deal
The Mexican Peso advanced on Thursday against the Greenback as prices in Mexico accelerated near the top of Banco de Mexico’s (Banxico) inflation tolerance range. Additionally, an improvement in risk appetite due to the US/UK trade deal increased Peso’s appeal.
Mexico
SEO
USDMXN
Banxico
Fundamental Analysis
Forexlive Americas FX news wrap 8 May:UK in the news. BOE cuts. UK makes trade deal w/ US
Forexlive Americas FX news wrap 8 May:UK in the news. BOE cuts. UK makes trade deal w/ US
Forex news for North American trading on May 8, 2025
Session wrap
Wrap Nth America
EUR/JPY Price Analysis: Euro climbs toward 164.00 as bullish momentum builds
EUR/JPY Price Analysis: Euro climbs toward 164.00 as bullish momentum builds
The EUR/JPY pair pushed higher on Thursday, trading near the 164.00 zone after the European session, reflecting a strong bullish tone as the pair approaches the Asian session.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
Lutnick says the UK deal helps, wants a trade deal with a big country from Asia
Lutnick says the UK deal helps, wants a trade deal with a big country from Asia
"I am focused on big countries for the next trade deals"
Bonds
Politics
SPX
Lutnick says the best any country can do is a 10% US tariff
Lutnick says the best any country can do is a 10% US tariff
US Commerce Secretary Lutnick (remember him?) says if a country opens its markets the best it can hope for is a 10% US tariff
Bonds
SPX
USD
Australian Dollar struggles as trade uncertainties continue
Australian Dollar struggles as trade uncertainties continue
The Australian Dollar (AUD) faced some pressure in the market after disappointing progress on US-China trade negotiations. Although the global risk environment remains positive, tariffs and trade policy concerns impact the Aussie’s movement.
Australia
Currencies
SEO
Majors
AUDUSD
Economic calendar in Asia Friday, May 9, 2025 - Chinese April trade data due
Economic calendar in Asia Friday, May 9, 2025 - Chinese April trade data due
Asian Economic Calendar: Key Events and Consensus Expectations for 09 May 2025
economic calendar
USD/INR surges as India-Pakistan conflict takes an ugly turn
USD/INR surges as India-Pakistan conflict takes an ugly turn
USD/INR surged to fresh highs on Thursday, bolstered by a fresh pummeling of the Indian Rupee (INR). India and Pakistan are spooling up a direct military conflict as the two countries continue to lay competing claims over the Kashmir region.
Currencies
USDINR
India
US Dollar holds after trade deal with the UK and Trump comments
US Dollar holds after trade deal with the UK and Trump comments
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near 100.00 on Thursday, lifted modestly by upbeat US data and expectations of extended yield differentials.
Currencies
SEO
DollarIndex
Canadian Dollar retreats sharply on Thursday as trade deal hopes rule the markets
Canadian Dollar retreats sharply on Thursday as trade deal hopes rule the markets
The Canadian Dollar (CAD) hit a soft patch on Thursday, extending into a second straight day of losses as the US Dollar (USD) catches a broad bid on hopes that the Trump administration will pick up the pace of inking trade deals to subvert its own self-imposed trade tariffs.
USDCAD
SEO
TradeWar
Forex Today: Fedspeak takes centre stage following Fed hold
Forex Today: Fedspeak takes centre stage following Fed hold
The Greenback edged sharply higher as markets digested the Federal Reserve’s decision to leave interest rates unchanged, while markets’ attention remained on the trade front following news of a US-UK trade agreement.
ECB
Currencies
EURUSD
Fed
DollarIndex
Dow Jones Industrial Average finds fresh highs on trade deal hopes, but settles flat
Dow Jones Industrial Average finds fresh highs on trade deal hopes, but settles flat
The Dow Jones Industrial Average (DJIA) gained ground on Thursday, climbing over 650 points or 1.6% at its peak after the Trump administration announced an incoming (but still not signed) trade deal with the United Kingdom (UK).
DowJones
TradeWar
Equities
SEO
EUR/GBP Price Analysis: Euro weakens near 0.8500 as short-term signals turn negative
EUR/GBP Price Analysis: Euro weakens near 0.8500 as short-term signals turn negative
The EUR/GBP pair drifted lower on Thursday, trading near the 0.8500 zone after the European session and settling within the middle of the day’s range. The decline reflects growing bearish sentiment in the short term, with technical signals tilting to the downside.
Crosses
Technical Analysis
Currencies
EURGBP
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