Category: Forex news

At a Glance Yen Plunges to 34-Year Low: The Japanese yen dropped to 154.88 against the dollar, prompting former currency official MF to suggest potential market intervention. Imminent Financial Events: A critical Bank of Japan

Quick Overview Traders Anticipate Lows: Many are building short positions on EUR/USD, preparing for potential lows near last year’s $0.9535 Bank of America’s Forecast: Only a 10% chance of the euro hitting $1.00 in the

At a Glance Geopolitical Tensions Drive Safe-Haven Assets: Israeli strikes in Iran prompt investors to favour stable investments like gold, reflecting heightened market uncertainty Stocks and Currency React: U.S. stock indices and currency pairs fluctuate,

Quick Look Auction Postponed: Vietnam’s auction of 17,000 taels of gold was delayed due to a lack of participant registration; Gold Price Surge: Local gold prices soared to approximately $4,428 per tael, a 15% increase

Quick Look: EUR/USD fell below 1.0635, setting new lows since last November; USD/JPY reached its highest level since 1990, showing strong dollar demand; GBP/USD is under pressure, possibly dropping to 1.2325; Fed’s rate hikes total

Quick Look: February saw core machinery orders jump 7.7%, surpassing expectations. Year-on-year capital spending fell by 1.8%, but less than forecasted. Bank of Japan ends negative interest rates, boosting economic outlook. Wages are rising, potentially

Quick Look: PBOC sets the yuan reference rate at 7.2372, with a +/-2% fluctuation limit. Two billion yuan injected via 7-day reverse repos; net 2 billion yuan drained. 100 billion yuan placed in markets through

Quick Overview: A suspected Israeli strike on the Iranian consulate in Damascus killed seven IRGC officers. Iran retaliated with missile and drone attacks on Israel, impacting the economy. UN Security Council and G7 convened due