ForexLive Asia-Pacific FX news wrap: USD lost ground ...Middle East

forex live - News

Chinese state media talking up the solid rise for April industrial profitsChina April Industrial Profits +3% y/y (prior +2.6%)Goldman Sachs sees lower oil prices in 2025-2026Japanfinmin Kato: Important for currencies to move in stable manner reflecting fundamentalPBOC sets USD/ CNY central rate at 7.1876 (vs. estimate at 7.1842)Japan fin min Kato: Market sees rising rates as reflecting concerns about state financesBIS' Carstens: Essential for fiscal authorities to curb relentless rise in public debtJPY is trading stronger on the back of solid inflation data, BoJ Gov Ueda commentsPBOC is expected to set the USD/CNY reference rate at 7.1842 – Reuters estimateBank of Japan Governor Ueda - close to inflation target but not quite thereJapan Services Producer Price Index (April 2025) +3.1% (expected +3.0%, prior +3.1%)UK launches £3 billion plan to train locals, cut foreign worker relianceUK BRC Shop Price Index for May 2025: -0.1% y/y (expected –0.1%, prior –0.1%)ICYMI: OPEC+ meeting moved to May 31, a day earlier than previously plannedMore preview remarks on the expected RBNZ 25bp rate cut this weekCentral bank conference kicks off today, its just like Jackson Hole but in Tokyo!Reserve Bank of New Zealand expected to cut its cash rate by 25bp this week - previewICYMI: South Africa plans to buy around USD1bn a year of liquefied natural gas from the USForexlive Americas FX news wrap 26 May: Trump tariff delay lifts risk sentimentICYMI: PBoC 'asks' major banks to increase yuan share in crossborder trade to 40%, from 25Trade ideas thread - Tuesday, 27 May, insightful charts, technical analysis, ideas

The early move here in Asia was for the US dollar to fall. Its losses were across the majors board, with reasons cited including

Trump’s tax plansurging US government indebtednessMoody’s downgrade

None of these is new information now.

The euro bounced from its drip lower on Monday, Europe time, with tariff relief cited, along with Lagarde’s remarks pointing to growing sentiment it could compete with the dollar in global reserves.

USD/JPY was a notable loser, falling on

solid wholesale services inflationbut more so on a speech from Bank of Japan Governor Ueda, that didn’t appear all that hawkish. Ueda did reiterate that the BOJ will continue to raise rates, depending on economic and price conditions.

China’s industrial profits rose in April for a second straight month, and at their fastest since December.

This article was written by Eamonn Sheridan at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: USD lost ground )

Also on site :

ForexLive Asia-Pacific FX news wrap: USD lost ground ...Middle East

50 Cent Jokes He Needs to ‘Lay Low’ After Ex-Assistant Testifies About Diddy’s ‘Problem’ With Fif

Rick Derringer, gifted guitarist who worked with ‘Weird Al’ Yankovic, dead at 77

Judge halts Trump efforts to ax congestion pricing

If you are or were an Illinois resident or were present in Illinois and your photo was taken or used by law enforcement, you may be eligible for payment from a class action settlement

Vail Resorts board ousts Kirsten Lynch as Rob Katz returns as CEO

Nick Kroll Recalls the ‘Scary and Brutal’ Process of Organizing John Mulaney’s Intervention

‘The Handmaid’s Tale’ Finale: Serena Joy Almost Had a Very Different Fate

King Charles says Canada is facing unprecedented challenges in speech

Swanson: UC Irvine’s Katelyn Kong earned a big break at U.S. Women’s Open

Kourtney Kardashian Sizzles in Red Bikini for 'Long Weekend'

Jax Taylor Asked If Brittany Was Dating the Brawny Paper Towels Ad Actor

Gary, Notre Dame partner for planned revitalization of NW Indiana community

Map Shows States That Could See Northern Lights This Week

Citi sees risks, and also opportunity, for equities from Trump's “One big, beautiful bill”

Donald Trump Says He Plans To Pardon Reality Stars Todd And Julie Chrisley