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ATFX foreign exchange market: AUDUSD fell below 0.6 under the impact of Trump’s policies

Macro aspect: The US dollar is in a weak cycle, and most non-US currencies are appreciating. For example, EURUSD has broken through the 1.1000 mark,...

EURCHF Faces Strong Resistance: Bearish Trend Expected – Forecast for March 13, 2025

The EURCHF pair recently concluded a bullish rally, reaching the 61.8% Fibonacci retracement level at 0.9650, where it encountered significant resistance. This resistance has...

GBP/CHF Approaches Key Resistance Level – March 6, 2025 Forecast

The GBP/CHF currency pair witnessed a strong bullish rally on Wednesday, capitalizing on sustained consolidation within a minor bullish channel. The pair successfully surpassed...

GBPCAD Achieves Significant Gains – Market Forecast for March 4, 2025

The GBPCAD currency pair has shown notable strength, benefiting from positive factors such as its position within...

GBPCHF Forms Bullish Channel, Poised for Further Gains – February 27, 2025 Forecast

The GBPCHF currency pair has recently established a minor bullish channel, with the price currently holding steady...

EURCHF Remains Above Key Support Level – Market Forecast for February 24, 2025

The EURCHF currency pair has recently experienced downward pressure but has managed to maintain positive momentum, closing...

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Central parity of RMB exchange rate in the interbank foreign exchange market on July 17, 2023

USD/RMB reported at 7.1326, an increase (RMB depreciation) of 8 points; EUR/RMB reported at 8.0150, a decrease of 19 points; HKD/RMB was at 0.91273, up...

Central parity of RMB exchange rate in the interbank foreign exchange market on July 14

USD/RMB was at 7.1318, down 209 points (RMB appreciation); EUR/RMB was at 8.0169, up 430 points; HKD/RMB reported at 0.91191, down 20.7 points; GBP/RMB reported...

Central parity of RMB exchange rate in the interbank foreign exchange market on July 13

USD/RMB was at 7.1527, down 238 points (RMB appreciation); EUR/RMB was at 7.9739, up 541 points; HKD/RMB reported at 0.91398, down 26.7 points; GBP/RMB reported...

Daily Global Foreign Exchange Market News Express (July 12)

1. The New Zealand Federal Reserve suspended interest rate hikes, in line with market expectations, and kept interest rates at 5.50%, the highest level...

Central parity of RMB exchange rate in the interbank foreign exchange market on July 12, 2023

USD/RMB was at 7.1765, down 121 points (RMB appreciation); EUR/RMB was at 7.9198, down 183 points; HKD/RMB reported at 0.91665, down 13.8 points; GBP/RMB reported...

Daily Global Foreign Exchange Market News Express (July 11)

1. Fed-Bostic reiterated: I don’t think it is necessary to raise interest rates to see inflation return to 2%. Mester: Could have hiked in...

Central parity of RMB exchange rate in the interbank foreign exchange market on July 11

USD/RMB reported at 7.1886, down 40 points (RMB appreciation); EUR/RMB reported at 7.9381, up 347 points; HKD/RMB reported at 0.91803, down 5.4 points; GBP/RMB reported...

Summary of Brokers’ Opinions on July 10

the macro 1. Debon Securities: In June, the labor market showed a situation of weak supply and demand, but the recovery of weaker supply has...

Macro data review last Friday (July 10)

Asia Pacific 1. The People's Bank of China: China's foreign exchange reserves at the end of June reported US$3.193 billion, an increase of US$16.492 billion...

Central parity of RMB exchange rate in the interbank foreign exchange market on July 10, 2023

USD/RMB was at 7.1926, down 128 points (RMB appreciation); EUR/RMB was at 7.9034, up 165 points; HKD/RMB reported at 0.91857, down 23.8 points; GBP/RMB reported...

Will Interest Rates Go Down in 2024?

Interest rates play a critical role in the global economy, impacting borrowing costs, investment decisions, and overall economic growth. For businesses and individuals alike,...

Guan Tao: It is necessary to prevent “linear unilateral thinking” in the foreign exchange market

On July 7th, Guan Tao, the global chief economist of Bank of China Securities, said that the RMB exchange rate is supported in the...

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