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Category Archives: FXinsider

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PBOC set the Yuan reference rate at 6.3867

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AUD/JPY just trying to hang on to 83.00 to end the week

Aussie looking for some climb in early Asia as safe haven Yen grapples with slumping inflation. Trade spats centered around the US are keeping tensions high, could be limiting Yen downside. The AUD/JPY is finding some buyers in the early Asia session, trading just beneath

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Saudi, Russian Energy Ministers talking about raising output limits in June

Saudi Arabia’s Khalid A. Al-Falih and Russia’s Alexander Novak, their respective countries’ Energy Ministers, have spoken with Bloomberg on Thursday about easing output limits beginning in June. Key highlights Output caps will definitely be discussed in June. The aim is for market balance, not an over-correction. Russia and

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North Korea, China and US trade policy – Nomura

Analysts at Nomura noted that earlier today, President Trump pulled out of the scheduled 12 June summit with North Korean leader Kim Jong Un.  Key Quotes: “After making the announcement, President Trump said that the meeting could go ahead but only if North Korea agrees to

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USD/CNY fix projection: 6.3857 – Nomura

Analysts at Nomura offered their model’s projection for today’s fix. Key Quotes: “Our model1 projects the fix to be 41 pips higher than the previous fix (6.3857 from 6.3816) and 11 pips higher than the previous official spot USD/CNY close of 6.3846. The basket implied