SHANGHAI/BEIJING -China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources… By Peter Nurse Investing.com – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo… By John McCrank NEW YORK -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with…

We are go to source for you to get breaking news stories and in-depth market updates from around the world. Australia’s central bank raised its benchmark interest rate on Tuesday, for a second consecutive meeting and repeated the guidance that rates will be lifted further based on incoming data. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points Forex to 2.85 percent, the highest since 2013. MyForexNews.com brings the freshest and most relevant financial market news. We also provide educational materials and broker reviews for professional and aspiring traders to up their game. Crude oil prices fell around 2% on Monday as lockdowns across China ramped up. Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate decision and the US jobs report.

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Implied Volatility Rises As Yen Lurks Below 150

By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. Upcoming economic data releases from the US this week includes https://www.cnbc.com/money-in-motion/ a slew of housing data and Core PCE. The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike. GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions. Gold turned south in the second half of the day and fell below $1,650, retracing a large part of its daily rally.

• HANOI – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the U.S. dollar again, in order to…
• MOSCOW – The Russian rouble edged marginally lower against the dollar on Tuesday, as the end of a favourable month-end tax payments period drew close, while investors…
• By Ambar Warrick Investing.com– Most Asian currencies moved little on Tuesday as markets hunkered down ahead of several major central bank meetings this week, while the…
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• Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.

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