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Indonesian Rupiah Gains Support Ahead of Bank Indonesia Policy Decision
USD/IDR edged lower in Asian trade on Thursday as the Indonesian Rupiah strengthened ahead of Bank Indonesia's upcoming policy meeting.
Japan's Kihara Warns of 'Appropriate' Response to Yen Declines
Japanese Chief Cabinet Secretary Minoru Kihara said the government is ready to respond 'appropriately' to currency moves, signaling potential intervention as the yen weakens.
NZD/USD Rises to Near 0.5800 on Strong NZ GDP, US-Iran Peace Deal
The New Zealand Dollar strengthened against the US Dollar, climbing to around 0.5790 during Asian trading after upbeat annual GDP data and news of a US-Iran agreement to end the war boosted risk appetite.
US Dollar Index Holds Losses After Pulling Back from 11-Week Highs
The US Dollar Index (DXY) retreated from an 11-week high of 100.57, trading around 100.30 during Asian hours.
Yen Bears Cautious Amid Intervention Fears, Iran Deal Weighs on USD
The Japanese yen remains under pressure but bears are turning cautious as intervention fears grow. The USD is undermined by the Iran nuclear deal, keeping USD/JPY steady above mid-160.00s.
AUD/USD Rises Above 0.7000 After Trump Signs US-Iran Deal
The Australian dollar edged higher above the 0.7000 level during early Asian trading on Thursday as optimism over a US-Iran peace deal boosted risk appetite.
GBP/USD Recovers from Two-Month Low Ahead of BoE
The British pound bounced from its lowest level since April 7 during Asian trading on Thursday, supported by a weaker US dollar amid speculation over an Iran peace deal.
PBOC Sets USD/CNY Reference Rate at 6.8130
The People's Bank of China set the USD/CNY central parity rate at 6.8130 on Thursday, slightly higher than the previous day's fix of 6.8096.
Euro rebounds above 1.1500 as US-Iran deal boosts risk sentiment
The EUR/USD pair recovers to near 1.1515 during early Asian trading on Thursday, supported by improved risk sentiment following the US-Iran peace agreement and the Federal Reserve's decision to hold rates steady.
Trump, Iran Sign MoU to End US-Israel War on Iran
President Donald Trump and Iran's Masoud Pezeshkian signed a memorandum of understanding to end the US-Israel war on Iran, according to a BBC report citing the White House.
Gold Plunges Toward $4,250 After Fed Hints at Future Rate Hike
Gold (XAU/USD) slumped to near $4,250 in early Asian trading as the Federal Reserve held rates steady but signaled a potential hike later this year, boosting the dollar and pressuring the precious metal.
Yen Weakens as Fed Holds Rates, Signals One Hike by Year-End
The Japanese Yen fell against the US Dollar after the Federal Reserve held rates steady but indicated a possible rate hike before year-end. Fed Chair Warsh reiterated the central bank's commitment to the 2% inflation target.
Pound Falls as Soft UK CPI and Hawkish Fed Decision Weigh
The British pound faced pressure from two fronts: weaker-than-expected UK inflation data and a hawkish first Federal Reserve decision under Kevin Warsh.
Australian Dollar Weakens on Hawkish Fed Decision
The Australian dollar fell as the Federal Reserve delivered a hawkish policy decision under Kevin Warsh, with no supportive domestic data to cushion the blow.
US Dollar Jumps as Fed Holds Rates, Hints at Hike
The US Dollar Index surged toward 100.40 after the Federal Reserve left rates unchanged at 3.50%-3.75% in Kevin Warsh’s first meeting, signaling a potential hike ahead.
Dollar Index Surges After Fed's Warsh Holds Rates Steady, Signals Hikes
The US Dollar Index rallied sharply after the Federal Reserve, under new Chair Kevin Warsh, held interest rates unchanged and signaled a shift toward rate hikes, bolstering the greenback.
Euro falls sharply after hawkish Fed hold under Warsh
The Euro sold off heavily after Kevin Warsh’s first meeting as Fed Chair delivered a hawkish surprise, despite leaving the headline rate unchanged. The dot plot projections shifted in a more restrictive direction, triggering a sharp USD rally.
Yen Falls as Fed Holds Rates, Warsh Dot Plot Signals Caution
The Japanese yen weakened against the US dollar after the Federal Reserve left interest rates unchanged at 3.50%-3.75% in Kevin Warsh's first policy meeting. The USD/JPY pair rose to near 160.40 as the dot plot indicated a cautious outlook.
GBP/USD Falls as Fed Dot Plot Signals Hawkish Lean
The British pound slumped versus the dollar after the Federal Reserve held rates steady but its dot plot revealed a divided outlook, with half of policymakers projecting higher rates.
Fed Signals Shift from Cuts to Hikes, Euro Declines
The Federal Reserve held rates steady at 3.50%-3.75% in Kevin Warsh's first meeting, but markets interpreted the decision as a hawkish pivot away from future cuts toward potential rate hikes, pressuring the euro lower.
Gold Volatile After Fed Holds Rates, Hawkish Dots
Gold prices whipsawed after the Federal Reserve kept rates unchanged at 3.50%-3.75%, while the Summary of Economic Projections indicated inflation staying above 3%.
USD/CHF Holds Above 200-Day SMA as Inverse Head-and-Shoulders Pattern Remains Intact
The USD/CHF pair traded steady near 0.7932 on Wednesday as traders awaited the Federal Reserve's policy decision, with the central bank expected to keep interest rates unchanged. Technical indicators show the pair remains above the 200-day simple moving average, with an inverse head-and-shoulders pattern still in play.
Gold Rises as Traders Eye Hawkish Fed Debut Under Warsh
Gold (XAU/USD) climbed 0.77% on Wednesday as the market awaits the Federal Reserve's first policy decision under Kevin Warsh, expected to hold rates steady amid inflation concerns.
Sterling Slides on Soft UK CPI, US Retail Sales Support Dollar
The British pound fell toward 1.3400 against the U.S. dollar after weaker-than-expected UK inflation data reduced the likelihood of a Bank of England rate hike, while strong U.S. retail sales boosted the greenback.