Latest forex news and market analysis
South Korea's KOSPI index staged a significant recovery on Friday, largely driven by strong performances from major technology stocks.
The Bank of Japan maintained its monetary policy, with market attention now shifting to potential future adjustments amidst inflation data.
Singapore's unemployment rate remained unchanged at 2.0% in the second quarter of 2024, signaling continued labor market stability.
The Australian Dollar edged down against the US Dollar following the release of weaker-than-expected manufacturing data from China for July.
The US Dollar Index (DXY) has shown a recovery, moving back above the 100.00 level during Friday's Asian trading session.
Chinese factory and service sector activity unexpectedly declined in July, falling below the critical 50-point expansion threshold.
Australia's Producer Price Index (PPI) for the second quarter showed a notable increase, surpassing the previous quarter's figures.
The New Zealand Dollar saw modest losses against the US Dollar, trading near 0.5870, following the release of China's latest PMI figures.
South Korea's Kospi index experienced a significant rebound, driven by the resolution of a hedge fund's leveraged positions in chipmakers.
Japanese industrial output in June surpassed expectations, while retail sales growth decelerated significantly, indicating mixed economic si
Iran's Parliament Speaker stated the US would be held accountable for civilian casualties in Qeshm, escalating regional tensions.
Japanese retail trade saw a significant contraction in June, falling by 1.3% year-on-year and underperforming market expectations.
Japan's seasonally adjusted retail trade experienced a notable contraction in June, falling by 4.1% month-over-month.
Japanese industrial production surged by 4.25% year-on-year in June, marking a substantial recovery from the previous month's contraction.
Tokyo's core consumer price index, excluding fresh food, advanced to 1.9% year-over-year in July, surpassing market expectations.
Japan's unemployment rate remained at 2.5% in April, aligning with expectations, while the jobs-to-applicant ratio increased.
South Korean authorities reportedly conducted a rare dollar-selling intervention on Thursday to stabilize the local currency.
US Treasury Secretary Scott Bessent remarked on the yen's significant undervaluation, noting its overshoot of equilibrium and expressing con
China's July Politburo meeting signals a cautious approach to stimulus, focusing on executing existing fiscal plans to bolster infrastructur
Leopold Aschenbrenner's Situational Awareness hedge fund reportedly experienced substantial setbacks, leading to forced asset sales.
Amazon reported stronger-than-expected revenue and operating income, leading to a notable increase in its share price during after-hours tra
Major US stock indices posted significant gains, with technology stocks driving the rebound, as a hedge fund's asset sale garnered attention
Major US stock indexes advanced, with the Nasdaq 100 leading gains, as markets await Apple's latest financial results.
The New Zealand and Australian dollars posted significant advances against the US dollar, breaking key technical levels.