FXStreet13m
Japan’s Akazawa: Government’s focus is to eradicate Japan's deflationary mindset
Japan's Economy Minister Ryosei Akazawa noted on Wednesday that the ”government’s focus is to eradicate Japan's deflationary mindset.” “With an ambitious goal to boost minimum wages, the government is ...
BoJ official: Central bank sees underlying inflation gradually heading toward 2%
An official at the Bank of Japan (BoJ) said on Wednesday that the “BoJ sees underlying inflation gradually heading toward 2%.” Price rises post-pandemic have been driven mostly by cost-push factors, ...
WTI trades near $72.00, moves little as market downplays US-China trade tensions
Crude Oil prices fluctuated widely on Tuesday, with WTI dropping by as much as 3%—its lowest since December 31—after China ...
Australian Dollar remains under pressure following China's Services PMI
The Australian Dollar (AUD) edges lower against the US Dollar (USD) amid an increased risk aversion following rising fears over US-China trade tensions. The AUD/USD pair failed to draw support from ...
USD/CAD consolidates above 1.4300 mark; upside potential seems limited
The USD/CAD pair enters a bearish consolidation phase after registering heavy losses over the past two days and holds above ...
Trump administration seeks fresh approach to crypto regulation; is 2025 the year for crypto?
According to Tim Scott, work on stablecoin regulation is already underway in the Senate. This follows the introduction of a ...
Japanese Yen rallies on strong wage growth data; USD/JPY slumps to mid-153.00s
A survey compiled by S&P Global Market Intelligence showed that Japan's service activity expanded for a third straight month in January. In fact, the au Jibun Bank Service Purchasing Managers’ Index ...
NZD/USD hovers around 0.5650 following labor market data, China’s Services PMI
NZD/USD remains steady following the release of the Caixin Services Purchasing Managers’ Index (PMI) from China, New Zealand’s close trading partner. The New Zealand Dollar (NZD) also avoided to react ...
Stellar (XLM) Q4 report hints at 120% gains as XRP price tops $2.50
Ripple (XRP) and Stellar (XLM) prices held firm above key support levels at $2.54 and $0.34, respectively, amid intense market volatility on Tuesday. Stellar’s Q4 report shows $458 million worth of ...
China’s Caixin Services PMI unexpectedly drops to 51 in January vs. 52.3 expected
China's Services Purchasing Managers' Index (PMI) unexpectedly fell to 51 in January from 52.2 in December, the latest data ...
Fed’s Jefferson: No need to hurry further rate cuts; strong economy makes caution appropriate
No need to hurry further rate cuts; strong economy makes caution appropriate. Interest rates likely to fall over medium term. Expect disinflation to continue, though progress may be slow. Fed faces ...
PBOC sets USD/CNY reference rate at 7.1693
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1693 as ...