News

USD/CNH recovers above 0.8500 as PBOC cuts FX risk reserve ratio to 0%

The USD/CNH pair recovers some lost ground to near 0.8505 during the early European session on Friday. The Chinese Yuan (CNH) weakens against the US Dollar (USD) as China moves to rein in the currency’s strength by scrapping an extra fee for betting against it in the derivatives market.

Source  Fxstreet1772166383
Japan’s Katayama warns greater vigilance over the Japanese Yen's weakness

Finance Minister Satsuki Katayama said that Japan is monitoring the Japanese Yen’s (JPY) slide “with a strong sense of urgency” and is in close communication with the US, Reuters reported on Friday.

Source  Fxstreet1772164673
WTI falls to near $65.00 as US, Iran to continue nuclear talks next week

West Texas Intermediate (WTI) Oil price loses ground after registering little gains in the previous session, trading around $65.00 per barrel during the Asian hours on Friday.

Source  Fxstreet1772158722
Oman’s Foreign Minister: Iran and US made ‘significant progress’ in talks

Oman's Foreign Minister, Badr al-Busaidi, said that talks between the United States (US) and Iran on nuclear issues have made "significant progress,” Reuters reported on Thursday.

Source  Fxstreet1772156980
PBOC cuts FX risk reserve ratio to 0%

The People's Bank of China (PBOC), China’s central bank, announced on Friday that it will cut the foreign exchange risk reserve ratio from 20% to 0%, starting March 2.

Source  Fxstreet1772156244

Australia Private Sector Credit (MoM) registered at 0.5%, below expectations (0.7%) in January

Source  Fxstreet1772152299
EUR/USD flat lines near 1.1800 as traders brace for US PPI release

The EUR/USD pair trades on a flat note near 1.1800 during the early Asian session on Friday. The pair steadies as softer Eurozone inflation offsets US tariff uncertainties.

Source  Fxstreet1772152296

Australia Private Sector Credit (YoY): 7.7% (January)

Source  Fxstreet1772152260

United Kingdom GfK Consumer Confidence came in at -19 below forecasts (-15) in February

Source  Fxstreet1772150460

Japan Large Retailer Sales up to 3% in January from previous 2%

Source  Fxstreet1772150230

Japan Retail Trade s.a (MoM) increased to 4.1% in January from previous -2%

Source  Fxstreet1772150162

Japan Industrial Production (YoY) down to 2.3% in January from previous 2.6%

Source  Fxstreet1772150139

Japan Retail Trade (YoY) came in at 1.8%, above forecasts (-0.4%) in January

Source  Fxstreet1772149809

Japan Industrial Production (MoM) came in at 2.2% below forecasts (5.3%) in January

Source  Fxstreet1772149806

Japan Foreign Investment in Japan Stocks: ¥402B (February 20) vs previous ¥1424.2B

Source  Fxstreet1772149802
USD/SGD: Reversal signs after heavy selling – BNY

BNY’s Head of Markets Macro Strategy Bob Savage highlights USD/SGD as the weakest non-carry pair over the past month, with sustained net selling pressure. However, the last two sessions have seen softer outflows, suggesting momentum is turning.

Source  Fxstreet1772149320

Japan Tokyo CPI ex Fresh Food (YoY) above forecasts (1.7%) in February: Actual (1.8%)

Source  Fxstreet1772148603

Japan Tokyo Consumer Price Index (YoY): 1.6% (February) vs 1.5%

Source  Fxstreet1772148602

Japan Tokyo CPI ex Food, Energy (YoY): 1.8% (February) vs previous 2%

Source  Fxstreet1772148602
USD/CNH: Yuan strength extends lower grind – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar is mixed within a multi‑month range while USD/CNH continues to grind lower, reaching its weakest level since March 2023. The bank sees further downside potential as a stronger Yuan supports China’s shift toward consumption-led growth.

Source  Fxstreet1772147040
When is the Japan Tokyo CPI and how it could affect USD/JPY?

Statistics Bureau of Japan will publish its data for February on Friday at 23.30 GMT. The Tokyo CPI measures the price fluctuation of goods and services purchased by households in the Tokyo region, excluding fresh food, whose prices often fluctuate depending on the weather.

Source  Fxstreet1772145040
China: Long-game growth strategy – Standard Chartered

Standard Chartered economists Carol Liao and Shuang Ding expect China to set a 2026 GDP growth target of 4.5–5.0% at the National People’s Congress, slightly below 2025.

Source  Fxstreet1772141280

New Zealand ANZ – Roy Morgan Consumer Confidence dipped from previous 107.2 to 100.1 in February

Source  Fxstreet1772140818
Thailand: BOT to enter extended pause – DBS

DBS Group Research economist Chua Han Teng notes that the Bank of Thailand surprised markets with a 25bps rate cut to 1.00% at its first 2026 meeting, following earlier easing since October 2024.

Source  Fxstreet1772138340
Fed’s Goolsbee: I want us to be careful

Federal Reserve (Fed) President of the Bank of Chicago, Austan Goolsbee, said interest rates can come down, but they don't want to front-load before inflation eases. He also added he wants the Fed to be careful in a Fox News Interview on Thursday.

Source  Fxstreet1772135932
Netherlands: Growth outlook lifted on exports – ABN AMRO

ABN AMRO economists Jan-Paul van de Kerke and Max Raatjes report that stronger-than-expected Dutch GDP in Q4 2025 and solid momentum into 2026 have led them to upgrade growth forecasts.

Source  Fxstreet1772135220
Denmark: Election called with stable outlook – Nordea

Nordea’s Group Chief Economist Helge J. Pedersen notes that Prime Minister Mette Frederiksen has called a Danish parliamentary election for Tuesday, March 24. The current three-party government of the Social Democrats, Venstre and the Moderates is unlikely to remain unchanged.

Source  Fxstreet1772131980

United States 7-Year Note Auction dipped from previous 4.018% to 3.79%

Source  Fxstreet1772129064
Czech Republic: Fiscal stance stays only slightly looser – ING

ING analysts Frantisek Taborsky and David Havrlant say Czech fiscal policy has loosened only marginally after the election, with the public finance deficit seen at 2.2% of GDP in 2026 and risks tilted higher.

Source  Fxstreet1772128920
South Korea rates: Extended pause signals stability – UOB

UOB’s Global Economics & Markets Research expects Bank of Korea to keep the base rate at 2.50% throughout 2026, after a sixth consecutive hold in February.

Source  Fxstreet1772124924
goTop
quote