July 24, 2026 5:51 am
Key Moments The People’s Bank of China set Friday’s USD/CNY central parity at 6.7939 The new fixing compared with the prior session’s reference rate of 6.7906 The 6.7939 level also differed from a 6.7795 estimate cited by Reuters Latest USD/CNY Central Parity Setting On Friday, the People’s Bank of China (PBOC) set the central USD/CNY […]
Read moreJuly 23, 2026 2:01 pm
Key Moments Corn futures added another 2 to 3 cents early Thursday after climbing 8 to 9 1/2 cents into Wednesday’s close. EIA reported weekly ethanol production at 1.094 million bpd, up 54,000 bpd, with inventories inching up to 24.481 million barrels. Analysts expected weekly old- and new-crop U.S. corn export sales each in a […]
Read moreJuly 23, 2026 10:08 am
Key Moments QuantumScape shares fell 6.3% in pre-market trading after the company reported a Q2 2026 per-share loss of $0.16 versus Wall Street expectations of $0.18. GAAP net loss reached $98.2 million for the quarter, and the company reaffirmed full-year adjusted EBITDA loss guidance of $250 million to $275 million. An amended collaboration with Volkswagen’s […]
Read moreJuly 23, 2026 9:22 am
Key Moments GBP/JPY trades around the 218.15-218.20 area, holding above its weekly low amid subdued price action. Expectations of Japanese FX intervention and more hawkish Bank of Japan commentary lend support to the Yen and cap gains in the cross. The sizeable UK-Japan interest-rate gap of around 275 bps continues to underpin carry trades and […]
Read moreJuly 23, 2026 9:12 am
Key Moments USD/INR dipped toward 96.47 on Thursday, easing from Monday’s two-month high of 96.75. Reports indicated the RBI likely stepped into spot and NDF markets to curb rupee losses amid higher oil prices. Foreign Institutional Investors remained net sellers, offloading Rs. 819.20 crore on Wednesday and Rs. 4836.95 crore so far this month. Rupee […]
Read moreJuly 23, 2026 8:34 am
Key Moments Rabobank’s Michael Every highlights that intensifying conflict around Hormuz and the Red Sea could lift Brent above its current USD 95.5 level and further expand crack spreads. Every contends that neither the US, Israel, Iran, nor GCC states can endure a prolonged full-scale conflict, suggesting any price surge would likely be short-lived. He […]
Read moreJuly 23, 2026 8:05 am
Key Moments NZD/USD traded around 0.5820 in early European hours on Thursday, recovering from a two-day slide. Stronger New Zealand CPI data and expectations for a 25 bps RBNZ hike in September underpinned the Kiwi. Heightened Middle East tensions and repeated U.S. strikes on Iranian targets continued to support safe-haven demand for the USD. NZD/USD […]
Read moreJuly 23, 2026 7:11 am
Key Moments EUR/USD trades around 1.1410 in Asian hours on Thursday, advancing for a second straight session. Markets widely expect the ECB to keep its deposit facility rate unchanged at 2.25%, with attention centered on Christine Lagarde’s press conference. The US Dollar remains under pressure from growth concerns and energy-driven inflation risks, while Middle East […]
Read moreJuly 23, 2026 6:57 am
Key Moments GBP/USD rebounded toward 1.3385 during Asian trading on Thursday, though upside appeared capped by weaker UK inflation data. UK headline CPI slowed to 2.6% YoY in June, the lowest since March 2025 and below the 2.7% market forecast, while core CPI held at 2.6% YoY. Escalating Middle East tensions, including repeated US strikes […]
Read moreJuly 23, 2026 6:24 am
Key Moments AUD/USD traded near 0.7010 during Thursday’s Asian session as the pair extended gains above 0.7000. Australia’s June Unemployment Rate remained at 4.4%, while Employment Change rose 76.3K, beating expectations. Geopolitical tensions in the Middle East and potential safe-haven demand for the US Dollar may limit further AUD upside. Australian Dollar Climbs on Strong […]
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