Author: FX
The NZD/USD pair holds positive ground around 0.6025 during the early Asian session on Monday. The New Zealand Dollar (NZD) remains firm against the US Dollar (USD) following the release of Chinese Manufacturing Purchasing Managers Index (PMI) data. Traders will take more cues from the US ISM Manufacturing PMI report later on Monday. Data released by RatingDog on Monday showed that China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 in January, compared to 50.1 in December. This reading registered the highest since October 2025 and met market expectations. This report could provide modest support for the China-proxy Kiwi, as China is New Zealand’s…
Oil prices fall by 3% on US-Iran de-escalation Source link
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
China’s President Xi Jinping said in an article published on Saturday in Qiushi that he has renewed calls for the Chinese Yuan to build a “strong currency” that can become widely used in international trade, investment and foreign exchange markets and reach the status of a global reserve.These remarks underscore Beijing’s long-term ambition to reduce reliance on the US Dollar (USD).Market reactionAt the time of writing, the AUD/USD pair is trading around 0.6941, down 0.30% on the day. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia…
Texas Democrat’s win a ’wake-up call’ for Republicans ahead of 2026 elections Source link
Last week’s “yo-yo” dollar chaos ended with Warsh’s Fed nomination triggering gold’s brutal 7% collapse. This week: three central bank decisions and Friday’s critical US jobs report. Source link
Reopening of Gaza’s Rafah crossing expected Monday, officials say Source link
I’m convinced that Nutella is the second most important invention after the wheel. So yes, I’m an unapologetic hazelnut fan.That said, a few months ago I started to notice something odd. The price of natural hazelnuts had more or less doubled. Shortly after, they became surprisingly hard to find, at least in supermarkets where they had always been readily available.That caught my attention. And it made me wonder whether something unusual had happened, or was still unfolding, in the hazelnut market.Hazelnuts: a commodity shock without a marketHazelnuts are a small commodity with an unusually concentrated supply chain. Around 70% of…
Ukraine talks set for next week as cold sweeps country Source link
Mon: US Holiday (MLK Day), Eurogroup Summit; EZ Final HICP (Dec), Canadian CPI (Dec), Chinese GDP (Q4), US Leading index (Oct), Housing Starts/Building Permits (Oct), Philadelphia Fed (Jan), New Home Sales (Nov), Australian Flash PMIs (Jan)Tue: PBoC LPR, EU Economic & Financial Affairs Council, UK Unemployment Rate & Average Earnings (Nov), Swiss Producer Prices (Dec), German ZEW (Jan), French & German Flash PMIs (Jan)Wed: IEA OMR; UK CPI (Dec)Thu: ECB Minutes (Dec), Norges Bank Policy Announcement, CBRT Policy Announcement; UK PSNB (Dec), Australian Employment (Dec), US PCE (Nov), US GDP/PCE Final (Q3), New Zealand CPI (Q4), Japanese CPI (Dec)Fri: BoJ…