The Indian Rupee (INR) is holding steady on Thursday. Concerns over the impact of trade tariffs and Foreign Portfolio Investment (FPI) outflows could exert some selling pressure on the local currency.
Speaking to Bloomberg News on Thursday, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said the central bank’s “policy is still restrictive.” Additional quotes Hard to see bad news in the latest jobs data.
The Japanese Yen (JPY) gained strong follow-through traction on Thursday and dragged the USD/JPY pair to its lowest level since December 9, around mid-150.00s during the Asian session.
The Australian Dollar (AUD) holds gains against the US Dollar (USD) following the release of domestic employment data and China’s interest rate decision on Thursday.
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1712 as compared to the previous day's fix of 7.1705 and 7.2856 Reuters estimates.
Australia’s Unemployment Rate rose to 4.1% in January from 4.0% in December, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday.
Federal Reserve Vice Chairman Philip Jefferson said late Wednesday the US central bank has time to weigh its next interest rate decision move, citing a robust economy and still above target inflation, per Reuters.
Reserve Bank of New Zealand Governor Adrian Orr said late Wednesday that New Zealand was now in an environment of low and stable inflation but warned the volatile international landscape could impact the economy, per Reuters.
The NZD/USD pair traded with limited volatility on Wednesday, rising slightly to 0.5705 as the market digested the Reserve Bank of New Zealand’s (RBNZ) latest policy decision.
Elon Musk's social media company, X, formerly known as Twitter, is in talks to raise new funding at a $44 billion valuation, the same price Musk paid when he acquired the platform in 2022.
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