China’s Senior Policy Advisor: PBOC rate cuts the best growth path
Interest rate cuts are needed to combat weak domestic demand in China, MNI reports, citing
USD/IDR Price News: Rupiah bears attack $14,500 ahead of Bank Indonesia Rate
USD/IDR struggles to keep the rebound from weekly low. Indonesia registers record covid-led death toll,
USD/IDR Price News: Rupiah hits daily highs near 14,490 as Bank Indonesia holds rates
Indonesia’s central bank, Bank Indonesia (BI), is likely to hold fire in July, by keeping the benchmark
EUR/USD still remains under downside pressure – UOB
FX Strategists at UOB Group noted EUR/USD still risks further pullbacks in the next weeks.
GBP/USD now moved into a consolidative range – UOB
In opinion of FX Strategists at UOB Group, Cable is now seen navigating the 1.3600-1.3830
NZD/USD: A drop to 0.6870 is not ruled out – UOB
According to FX Strategists at UOB Group, NZD/USD could still slip back to the 0.6870
Outlook for USD/JPY remains mixed – UOB
USD/JPY could now trade within the 109.50-110.70 range in the short-term horizon, suggested FX Strategists
USD/JPY flirts with session lows, just above 110.00 mark
A subdued USD price action prompted some selling around USD/JPY on Thursday. A generally positive
Australian Treasurer Frydenberg: Lockdowns cost economy around USD220 million a day
The latest coronavirus-led lockdowns are costing the economy around AUD300 million (USD220.4 million) per day,
China’s Commerce Ministry: Foreign trade growth expected to slow down in H2
“Foreign trade growth expected to slow down in H2,” “China’s Commerce Ministry official said in