Forex News
Currency market coverage, central bank policy, and global macro analysis.
Yen Surges as BOJ Hawkishness Fuels Asian Currency Rally and Carry Trade Unwind
The Japanese yen surged past key levels as the Bank of Japan's hawkish pivot reshapes Asian FX dynamics
Aug 3, 2026
๐ธ๐ฌ SingaporeIndonesia Posts Second Straight Trade Deficit at $450M, Narrower Than Feared
Indonesia recorded its second straight trade deficit in June, at US$450 million versus a forecast of US$790 million
Aug 3, 2026
๐บ๐ธ United StatesYen Surge Anticipated as Crowded Short Positions Set Stage for Reversal
Yen is expected to surge as speculative short positions on the currency reach elevated levels
Aug 3, 2026
๐ธ๐ฌ SingaporeBessent Joins Japan in $5-10B Yen Buy as US Flags Yen Weakness Trade Concern
US Treasury Secretary Bessent joins Japan in a coordinated bid to buy $5-10B in Japanese yen
Aug 2, 2026
๐จ๐ณ ChinaUS and Japan Intervene to Prop Up Yen as Changan Auto Pauses 3bn Yuan Investment
Coordinated US-Japan second consecutive yen intervention buys yen near 40-year lows; Changan Auto halts 3bn yuan EV subsidiary injection shifting to market financing.
Aug 2, 2026
๐ฉ๐ช GermanyAUD/USD Holds at 0.7030 as Weak Chinese PMI and Fading RBA Rate-Hike Bets Limit Upside
AUD/USD traded around 0.7030, pulling back from a multi-week high of 0.7045 set earlier in the session
Aug 1, 2026
๐จ๐ณ ChinaChina'\''s CIPS to Become Mongolia'\''s Standard Settlement System Within Two Years as Yuan Rails Expand
Golomt Bank says China's CIPS cross-border payment system will become the settlement norm for most major Mongolian banks within two years, reducing SWIFT reliance for China-Mongolia trade.
Aug 1, 2026
๐ธ๐ฌ SingaporeYen Surges to 157 as Japan Intervenes, Triggering Carry Trade Unwind Across Asia
The Japanese yen surged to the lower 157 range against the dollar as authorities intervened, unwinding carry trades and creating competitiveness shifts across Asian export economies.
Aug 1, 2026
๐ GlobalSouth Korea FX Authorities Coordinate With US, Japan After Overnight Yen Intervention
South Korea's finance ministry confirms close contact with US and Japanese counterparts after Tokyo mounted a large-scale overnight yen-support operation
Jul 31, 2026
๐ GlobalYen Surges Most in Two Years as Japan Intervenes in FX Market Ahead of BOJ Meeting
Japanese authorities intervened to support the yen, triggering its largest single-session gain versus the dollar in over two years
Jul 31, 2026
๐ GlobalYen Surges 2% on Suspected Japan Intervention, Carry Trade Unwind Risk Grows
The yen posted its biggest single-session gain since Japan last intervened in forex markets, sparking speculation that Tokyo stepped in again to defend the currency against further USD strength.
Jul 31, 2026
๐ฎ๐ณ IndiaIndian Rupee Strengthens to 95.59 on Fed Hold; RBI Support and Oil Prices in Focus
The Indian rupee opened stronger at 95.59 against the US dollar following the Federal Reserve's decision to keep rates unchanged
Jul 30, 2026
๐ฆ๐ช UAE / MENAKOSPI Extends Decline as Nikkei Rises; Asian Markets Divided Ahead of Fed Decision
South Korea's KOSPI extended its decline in a choppy session as concerns over leveraged ETF volatility persisted
Jul 30, 2026
๐ฎ๐ณ IndiaUS Treasury Yields Rise on Oil Surge and Fed Rate Decision Anxiety
10-year US Treasury yields reversed a three-day decline as oil prices surged, stoking inflation fears
Jul 30, 2026
๐จ๐ฆ CanadaGold Flows to Hong Kong Hit Decade-High Before New Clearing System Launch as China Demand Surges
Hong Kong gold imports hit the highest level since late 2014 in June, driven by mainland China demand and preparations for the city's newly-launched gold clearing system
Jul 29, 2026
๐ฎ๐ณ IndiaDollar Hits One-Month High, Gold Holds at $4,029 as Markets Brace for Fed Decision
The US dollar reached a one-month high driven by Middle East hostilities, with traders bracing for the Federal Reserve's rate decision later Wednesday
Jul 29, 2026
๐ GlobalUS Dollar Retreats From One-Month Highs as Markets Hold Breath for Fed Decision
The US dollar retreated from one-month highs on Wednesday ahead of the Federal Reserve's interest rate decision, as investors adopted a cautious wait-and-see stance
Jul 29, 2026
๐ฆ๐ช UAE / MENAGold Slips 0.81% to $4,041 as Dollar Strengthens Ahead of Federal Reserve Rate Decision
Gold declined 0.81% to $4,041 per ounce as the US dollar strengthened ahead of the Federal Reserve's upcoming rate decision
Jul 28, 2026
๐ฆ๐ช UAE / MENAGold Slips to $4,091 as US-Iran Pause Cools Oil and Supports Rate-Hold Sentiment Ahead of Fed
Spot gold dipped slightly to $4,091 per ounce on Monday morning while futures rose as the US-Iran ceasefire reduced oil-driven inflation fears.
Jul 27, 2026
๐ธ๐ฌ SingaporeOil Drops 4%+ as China Pushes for End to US-Iran War, Geopolitical Premium Deflates
Crude oil futures fell more than 4% on Friday on reports that China is pushing for an end to the US-Iran conflict
Jul 25, 2026
๐จ๐ฆ CanadaYen Hits Four-Decade Low as Banks Recommend Hawkish Bank of Japan Hedge Positions
The Japanese yen has plunged to a four-decade low, prompting major banks to advise clients on hawkish Bank of Japan hedging strategies
Jul 25, 2026
๐ฎ๐ณ IndiaRBI Sells Dollars to Prevent Record Rupee Low as Brent Crude Tops $100 and Stocks Slide
The Reserve Bank of India intervened directly in the forex market by selling US dollars to prevent the rupee from hitting a new record low
Jul 25, 2026
๐ฎ๐ณ IndiaRBI Reported to Step In as Rupee Nears Record Low Amid Rising Oil Import Costs
The rupee traded at 96.70 per dollar in interbank markets, approaching its all-time low of 96.96 reached in May 2026
Jul 24, 2026
๐ธ๐ฌ SingaporeUS Dollar Hits 40-Year High Against Yen, Edges Higher on Euro Ahead of ECB Decision
The US dollar reached a fresh 40-year high against the Japanese yen, reflecting widening rate differentials
Jul 24, 2026
๐ฎ๐ณ IndiaBrent Tops $97 as Middle East Tanker Attacks Intensify; Indian Rupee Slides to 85.6 vs Dollar
Brent crude surpassed $97/bbl as escalating Red Sea tanker strikes pushed oil to its highest in six weeks.
Jul 24, 2026
๐ธ๐ฌ SingaporeRBI Steps In to Defend Rupee as Oil Surge Pushes Brent to $101; Record Low in Sight
India's central bank reportedly intervened in currency markets to prevent the rupee from hitting a record low.
Jul 24, 2026
๐ธ๐ฌ SingaporeUS Calls for BOJ Rate Hikes Amid Substantial Yen Undervaluation Warning
The United States has warned against excessive yen volatility and formally called for Bank of Japan rate hikes, citing substantial yen undervaluation and raising carry-trade unwind risk across Asian currencies.
Jul 23, 2026
๐บ๐ธ United StatesDollar Set to Strengthen Into Fed Decision as Traders Lean Long USD
Analyst Brent Donnelly signals dollar strength ahead of the upcoming Federal Reserve rate decision
Jul 23, 2026
๐ธ๐ฌ SingaporeYen Steadies Near 40-Year Low as Rate-Hike Bets and Intervention Warnings Provide Floor to JPY
The Japanese yen steadied near a 40-year low as Bank of Japan rate-hike bets and Japanese government intervention warnings provided limited support to JPY.
Jul 23, 2026
๐จ๐ณ ChinaChina Mandates Credit Rating Reform for Panda Bonds to Attract Foreign Capital Into Yuan Market
Chinese regulators mandated improved credit rating standards for panda bonds to attract foreign sovereign and institutional investors as Beijing's yuan-internationalisation push accelerates.
Jul 23, 2026