{"id":349,"date":"2023-05-31T15:30:47","date_gmt":"2023-05-31T15:30:47","guid":{"rendered":"\/?page_id=349"},"modified":"2024-11-20T14:02:20","modified_gmt":"2024-11-20T06:02:20","slug":"forex-news","status":"publish","type":"page","link":"https:\/\/www.sec.rakuten.com.hk\/en\/insight\/forex-news","title":{"rendered":"Forex News"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"349\" class=\"elementor elementor-349\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79d86a79 e-flex e-con-boxed e-con\" data-id=\"79d86a79\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-33846201 page-banner__breadcrumbs elementor-widget elementor-widget-jet-breadcrumbs\" data-id=\"33846201\" data-element_type=\"widget\" data-widget_type=\"jet-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-jet-breadcrumbs jet-blocks\">\n\t\t<div class=\"jet-breadcrumbs\">\n\t\t<div class=\"jet-breadcrumbs__content\">\n\t\t<div class=\"jet-breadcrumbs__wrap\"><div class=\"jet-breadcrumbs__item\"><a href=\"https:\/\/www.sec.rakuten.com.hk\/en\" class=\"jet-breadcrumbs__item-link is-home\" rel=\"home\" title=\"HOME\">HOME<\/a><\/div>\n\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76ca3d1e page-banner__title elementor-widget elementor-widget-heading\" data-id=\"76ca3d1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Forex News<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-36ddf7ac e-flex e-con-boxed e-con\" data-id=\"36ddf7ac\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aca915 elementor-widget elementor-widget-heading\" data-id=\"aca915\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">News source: FXStreet<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71bc2f67 elementor-widget elementor-widget-shortcode\" data-id=\"71bc2f67\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n\n\n<style>\n  .latest-news__item {\n    position: relative;\n    padding-bottom: 32px;\n    margin-bottom: 40px;\n    border-bottom: 1px solid #D6D6D6;\n  }\n\n  .latest-news__summary {\n    display: flex;\n    gap: 40px;\n  }\n\n  .latest-news__thumb {\n    width: 270px;\n  }\n\n  .latest-news__thumb img,\n  .latest-news__date-icon 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padding-right: 72px;\n    }\n\n    .latest-news__content .fxs-content-module-content {\n      padding-right: 0\n    }\n  }\n<\/style>\n\n<section class=\"latest-news\">\n  <div class=\"latest-news__list\">\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Australia_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jun 16, 06:45 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">RBA poised to leave key rate unchanged amid mounting economic pressures<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-related-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-related-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}.fxs-related-module-related-link a{text-decoration:none;color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px}.fxs-related-module-related-link a:hover,.fxs-related-module-related-link:hover,.fxs-related-module-related-link:hover a{color:#e4871b}.fxs-related-module-related-link a:hover{text-decoration:none}@media (min-width:680px){.fxs-related-module-title{font-size:19.2px;line-height:27.2px}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}}\n.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>The Reserve Bank of Australia is expected to hold the interest rate steady at 4.35% in June.<\/strong><\/li><li value=\"2\"><strong>RBA Governor Bullock\u2019s words to be dissected for fresh cues on the monetary policy outlook.<\/strong><\/li><li value=\"3\"><strong>The Australian Dollar is primed for intense volatility on the RBA policy announcement.<\/strong><\/li><\/ul><p>The Reserve Bank of Australia (RBA) is widely expected to leave the Official Cash Rate unchanged at 4.35% when it announces its monetary policy decision on Tuesday, marking a pause after three consecutive rate hikes delivered earlier this year.<\/p><p>The decision will be announced at 04:30 GMT, accompanied by the Monetary Policy Statement (MPS). RBA Governor Michele Bullock\u2019s press conference will follow at 05:30 GMT.<\/p><p>The RBA policy announcement and Bullock\u2019s presser could trigger a big reaction in the Australian Dollar (AUD), as markets eagerly await signals on the bank\u2019s path forward on interest rates.<\/p><h2 class=\"fxs_headline_from_medium_to_large\"><strong>RBA pauses, end of the tightening cycle?<\/strong><\/h2><p>While inflation remains stubbornly elevated and continues to pressure households, a growing number of signals suggest the Australian economy may be losing momentum. Higher borrowing costs have started to weigh on consumer demand and early signs of labour market cooling are emerging.<\/p><p>Data from the Australian Bureau \u200bof Statistics (ABS) showed that Gross Domestic Product (GDP) grew 0.3% quarter-over-quarter (QoQ) in the first three months of the year, compared with a forecast of 0.5% and decelerating from 0.9% in the prior quarter. Annual \u200bgrowth steadied at 2.5% in the same period, below the 2.7% expected.<\/p><p>Meanwhile, the country\u2019s Unemployment Rate jumped to 4.5% in April, the highest since September. The monthly Consumer Price Index (CPI) inflation slowed to 0.4% in April from 1.1% in March, while the annual pace also declined to 4.2% from 4.6%.<\/p><p>The central bank, therefore, finds itself balancing inflation that remains above target and an economy that appears to be slowing down.<\/p><p>\u201cMarkets now imply just a 22% probability of an August RBA hike, down from 80% a month ago, and just 11 bps of tightening this year as higher interest rates have started to slow economic activity,\u201d per Reuters.<\/p><p>The shift in sentiment accelerated after National Australia Bank (NAB) ditched its peers by suggesting the RBA's next move could eventually be a rate cut rather than another hike.<\/p><p>Three of the four major banks, NAB, Commonwealth Bank of Australia (CBA), and Australia and New Zealand Banking Group (ANZ), expect the RBA to leave the cash rate at 4.35% for the remainder of 2026.<\/p><p>For now, policymakers are likely to maintain a cautious tone, acknowledging persistent inflation pressures while emphasizing increased uncertainty surrounding growth, employment and household spending.<\/p><p>The main focus will be on whether the reopening of the Strait of Hormuz is enough to calm the central bank\u2019s inflation concerns and to signal a pause in the current tightening cycle.<\/p><p>\"It'll be about the little clues as to whether the cycle is over or it's still alive - that's going to be really important for both the Aussie and the kiwi markets,\" said Imre Speizer, a strategist at Westpac.<\/p><h2 class=\"fxs_headline_from_medium_to_large\"><strong>How will the Reserve Bank of Australia\u2019s decision impact AUD\/USD?<\/strong><\/h2><p>The AUD has rebounded firmly against the US Dollar (USD) in the countdown to the RBA event risk.<\/p><p>The key market takeaway will therefore be any change in the RBA's forward guidance. A statement retaining a tightening bias could revive expectations for an August rate increase and support the Aussie Dollar.<\/p><p>Conversely, any indication that the central bank is becoming more concerned about growth risks could reinforce market pricing for a prolonged pause and weigh down on the AUD.<\/p><p>Dhwani Mehta, Asian Session Lead Analyst at FXStreet, highlights key technical levels for trading AUD\/USD following the policy announcement.<\/p><p>\u201cThe pair is challenging the key 100-day Simple Moving Average (SMA) on the road to recovery. The 14-day Relative Strength Index (RSI) has bounced off the oversold territory, but remains in the bearish zone, suggesting that sellers are likely to retain control.\u201d<\/p><p>\u201cOn the topside, initial resistance emerges at the 100-day SMA near 0.7084, followed by the 21-day SMA around 0.7116 and the 50-day SMA close to 0.7143, levels that would need to be reclaimed to ease the current downside pressure. On the downside, the 200-day SMA at roughly 0.6844 offers the next major support, with a sustained break below that long-term average likely opening the door to a deeper retracement,\u201d Dhwani adds.<\/p><div class=\"post-module\"><div id=\"content-module-related-002a6a71-76b1-4ee8-9c34-3933c5f45a6a-791\" data-type=\"related\" data-module=\"related\" data-config-topic=\"002a6a71-76b1-4ee8-9c34-3933c5f45a6a\" data-config-post-id-0=\"6c4dae33-1332-4d33-8e92-4ad91240e1a1\" data-config-post-id-1=\"c89e2d2e-5f09-405a-b8de-8acfb07c8463\" data-config-post-id-2=\"a05a096c-8507-4207-a77f-792747d0ac5e\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-related-module-wrapper\">\n    <h2 class=\"fxs-related-module-title\">Related news<\/h2>\n    <ul>\n            <li class=\"fxs-related-module-related-link\" data-ga4event-clk-name=\"related_content_click\">\n                Experts agree: RBA\u2019s next move will likely be an interest-rate cut, not a hike\n            <\/li>\n            <li class=\"fxs-related-module-related-link\" data-ga4event-clk-name=\"related_content_click\">\n                RBA to hold cash rate at 4.35% on June 16 - Reuters poll\n            <\/li>\n            <li class=\"fxs-related-module-related-link\" data-ga4event-clk-name=\"related_content_click\">\n                US and Iran agree on peace deal to end war and reopen Strait of Hormuz\n            <\/li>\n    <\/ul>\n<\/div><\/div><div class=\"post-module\"><div id=\"content-module-faq-Forex-central-banks-825\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"central-banks\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Central banks FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-central-banks-825accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-central-banks-825accordion0\">\n                            <span>What does a central bank do?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Central Banks have a key mandate which is making sure that there is price stability in a country or region. Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating. Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate. For the biggest central banks like the US Federal Reserve (Fed), the European Central Bank (ECB) or the Bank of England (BoE), the mandate is to keep inflation close to 2%.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-central-banks-825accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-central-banks-825accordion1\">\n                            <span>What does a central bank do when inflation undershoots or overshoots its projected target?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">A central bank has one important tool at its disposal to get inflation higher or lower, and that is by tweaking its benchmark policy rate, commonly known as interest rate. On pre-communicated moments, the central bank will issue a statement with its policy rate and provide additional reasoning on why it is either remaining or changing (cutting or hiking) it. Local banks will adjust their savings and lending rates accordingly, which in turn will make it either harder or easier for people to earn on their savings or for companies to take out loans and make investments in their businesses. When the central bank hikes interest rates substantially, this is called monetary tightening. When it is cutting its benchmark rate, it is called monetary easing.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-central-banks-825accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-central-banks-825accordion2\">\n                            <span>Who decides on monetary policy and interest rates?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">A central bank is often politically independent. Members of the central bank policy board are passing through a series of panels and hearings before being appointed to a policy board seat. Each member in that board often has a certain conviction on how the central bank should control inflation and the subsequent monetary policy. Members that want a very loose monetary policy, with low rates and cheap lending, to boost the economy substantially while being content to see inflation slightly above 2%, are called \u2018doves\u2019. Members that rather want to see higher rates to reward savings and want to keep a lit on inflation at all time are called \u2018hawks\u2019 and will not rest until inflation is at or just below 2%. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-central-banks-825accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-central-banks-825accordion3\">\n                            <span> Is there a president or head of a central bank?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Normally, there is a chairman or president who leads each meeting, needs to create a consensus between the hawks or doves and has his or her final say when it would come down to a vote split to avoid a 50-50 tie on whether the current policy should be adjusted. The chairman will deliver speeches which often can be followed live, where the current monetary stance and outlook is being communicated. A central bank will try to push forward its monetary policy without triggering violent swings in rates, equities, or its currency. All members of the central bank will channel their stance toward the markets in advance of a policy meeting event. A few days before a policy meeting takes place until the new policy has been communicated, members are forbidden to talk publicly. This is called the blackout period.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/NZD-bearish-line_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jun 16, 10:21 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">New Zealand weakens to near 0.5800 as China's Retail Sales fall short of estimates<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>NZD\/USD declines to near 0.5810 in Tuesday\u2019s Asian session.&nbsp;<\/strong><\/li><li value=\"2\"><strong>China\u2019s Retail Sales&nbsp;fell 0.6% YoY in May, weaker than expected.<\/strong><\/li><li value=\"3\"><strong>Fed is set to keep its benchmark interest rate unchanged at its June meeting on Wednesday.<\/strong><\/li><\/ul><p>The NZD\/USD pair loses momentum to around 0.5810 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following the Chinese economic data. All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday.&nbsp;<\/p><p>Data released by the National Bureau of Statistics (NBS) on Tuesday showed that China\u2019s Retail Sales missed expectations in May, falling 0.6% YoY. This figure followed a rise of 0.2% in April and came in weaker than the market expectation of 0%.<\/p><p>Meanwhile, Chinese Industrial Production climbed 4.5% YoY in May, compared to 4.1% in April, above the market consensus of 4.3%. The Fixed Asset Investment came in at -4.1% year-to-date (YTD) YoY in May, weaker than the expected decrease of 2.0%. The April reading was a decline of 1.6%.<\/p><p>The China-proxy Kiwi attracts some sellers following the mixed Chinese data. These reports impact the NZD, as China is New Zealand's largest trading partner.<\/p><p>The attention will shift to the Fed policy meeting on Wednesday. The Fed is likely to keep its key interest rate unchanged at its June policy meeting as it remains in \"wait-and-see\" mode. Traders will closely watch how new Fed chair Kevin Warsh will lead the US central bank into its next era.<\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-nzd-620\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"nzd\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">New Zealand Dollar FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-nzd-620accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-nzd-620accordion0\">\n                            <span>What key factors drive the New Zealand Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country\u2019s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand\u2019s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand\u2019s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-nzd-620accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-nzd-620accordion1\">\n                            <span>How do decisions of the RBNZ impact the New Zealand Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors\u2019 appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD\/USD pair.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-nzd-620accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-nzd-620accordion2\">\n                            <span>How does economic data influence the value of the New Zealand Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar\u2019s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-nzd-620accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-nzd-620accordion3\">\n                            <span>How does broader risk sentiment impact the New Zealand Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called \u2018commodity currencies\u2019 such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.  <\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/japan-001_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jun 16, 07:00 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Bank of Japan expected to raise interest rate to 1%, its highest since 1995<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid 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0}.fxs-event-module-calendar-title-description-wrapper{display:flex;flex-direction:column;gap:12px;border-bottom:1px solid #ececf1;padding-bottom:16px;margin-bottom:16px}.fxs-event-module-inner-calendar{padding:16px}.fxs-event-module-inner-calendar .fxs-event-module-section{padding:0}.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>The Bank of Japan is expected to hike interest rates to 1% in its June meeting. <\/strong><\/li><li value=\"2\"><strong>Governor Kazuo Ueda will not precede the meeting due to health issues.<\/strong><\/li><li value=\"3\"><strong>USD\/JPY retains its bullish bias despite easing demand for the US Dollar. <\/strong><\/li><\/ul><p>The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT.<\/p><p>The BoJ is widely expected to deliver<strong> a hawkish move by hiking the benchmark interest rate by 25 basis points<\/strong> (bps) to 1%, its highest level since 1995. The hike is meant not only to address mounting inflationary pressures but also the Japanese Yen\u2019s (JPY) strength.<\/p><p>Governor Kazuo Ueda, who was hospitalized last week, won\u2019t attend the monetary policy meeting. Deputy Governor Ryozo Himino would chair the policy meeting, while Deputy Shinichi Uchida would hold the press conference following the decision.<\/p><p>Ahead of the announcement, the USD\/JPY pair trades above the 160.00 mark, a line in the sand for Japanese authorities, as it is usually seen as an intervention level.<\/p><p>Finally, the Middle East crisis has reached an inflection point:<strong> The United States (US) and Iran reached an agreement<\/strong> that will reopen the Strait of Hormuz and extend the ceasefire for another 60 days, allowing talks to continue. Financial markets are optimistic ahead of the announcement, resulting in mild US Dollar (USD) weakness across the FX board.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">What to expect from the BoJ interest rate decision?<\/h2><p>An interest rate hike has long been priced in, meaning the rate move itself should have a limited impact on the JPY. Japanese policymakers, however, will also discuss the BoJ\u2019s plan to reduce purchases of Japanese Government Bonds (JGBs) to allow long-term rates to be guided more by the market. Their decision on the matter could define the JPY\u2019s near-term direction. <\/p><p>Japan\u2019s annual inflation, as measured by the Consumer Price Index (CPI), stood at 1.4% in April this year, easing from 1.5% in March. However, wholesale inflation jumped to 6.3% You in May, a clear sign that inflationary pressures are likely to extend in time, despite a potential end to the Iran war later this week. <\/p><p>But it is not only about higher Oil prices: the significant depreciation of the JPY also results in inflation stemming from pretty much all imported goods and raw materials. And the BoJ's mandate is clearly focused on the matter: \u201cThe Bank of Japan, as the central bank of Japan, decides and implements monetary policy with the aim of maintaining price stability,\u201d targeting 2% annual inflation.<\/p><p>That being said, the current CPI at 1.5% YoY may not be enough to justify a rate hike, but wholesale prices and JPY weakness are. <\/p><p>BoJ Governor Ueda said before being hospitalized that<strong> policymakers should not look at Oil prices in isolation<\/strong>, noting that temporary energy shocks can become persistent and affect wages, expectations, and price-setting behavior. <\/p><p>\"If inflation expectations are already high and wages are accelerating, the risk of second-round effects is large,\" Ueda stated, adding that the boundary between temporary and persistent inflation is not mechanical<\/p><h3 class=\"fxs_headline_medium\">How could the Bank of Japan's monetary policy decision affect USD\/JPY?<\/h3><p>As previously noted, market participants have already priced in a 25 bps rate hike. Any decision on future bond purchases is partially discounted. Japanese policymakers don\u2019t tend to surprise investors and tend to act too cautiously. With that in mind, and given that the press conference will be led by Deputy Shinichi Uchida, the <strong>BoJ\u2019s announcement is likely to have a limited impact on JPY.<\/strong><\/p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/USD_JPY-1781534227397.png\" alt=\"\" loading=\"lazy\"><p>Valeria Bednarik, Chief Analyst at FXStreet, notes: \u201cThe USD\/JPY pair trades around the 160.00 mark, maintaining the positive bias despite easing market concerns undermining demand for the USD. The daily chart for the pair shows a bullish 20-day Simple Moving Average (SMA) that heads north, well above the 100- and 200-day SMAs. The same chart shows that technical indicators have lost their upward momentum but remain above their midlines, lacking directional strength. The mentioned 20-day SMA has attracted buyers and now provides near-term support at around 159.65\u201d<\/p><p>Bednarik adds: \u201cOnce below the aforementioned dynamic support, the pair can extend its slide towards 159.00, while additional selling pressure could see the pair aiming for 158.60, a static support level. The USD\/JPY pair peaked at 160.73 in April, a multi-decade high and a critical level to watch should JPY continue to weaken. Next comes 161.00, although it seems unlikely that Japanese authorities will allow the currency to weaken that much without actually intervening in the market.\u201d <\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-boj-539\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"boj\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Bank of Japan FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-539accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-539accordion0\">\n                            <span>What is the Bank of Japan?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-539accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-539accordion1\">\n                            <span>What has been the Bank of Japan\u2019s policy?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank\u2019s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds. In March 2024, the BoJ lifted interest rates, effectively retreating from the ultra-loose monetary policy stance.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-539accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-539accordion2\">\n                            <span>How do Bank of Japan\u2019s decisions influence the Japanese Yen?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank\u2019s massive stimulus  caused the Yen to depreciate against its main currency peers. This process exacerbated in 2022 and 2023 due to an increasing policy divergence between the Bank of Japan and other main central banks, which opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ\u2019s policy led to a widening differential with other currencies, dragging down the value of the Yen. This trend partly reversed in 2024, when the BoJ decided to abandon its ultra-loose policy stance.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-539accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-539accordion3\">\n                            <span>Why did the Bank of Japan decide to start unwinding its ultra-loose policy?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">A weaker Yen and the spike in global energy prices led to an increase in Japanese inflation, which exceeded the BoJ\u2019s 2% target. The prospect of rising salaries in the country \u2013 a key element fuelling inflation \u2013 also contributed to the move.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div><div class=\"post-module\"><div id=\"content-module-event-d4aa13b2-069b-4a1d-bd14-69ac8beb96a2-746\" data-type=\"event\" data-module=\"event\" data-config-topic=\"d4aa13b2-069b-4a1d-bd14-69ac8beb96a2\" data-config-event-id=\"8b3a0864-3ad8-4510-88a5-acaf0dc44ce0\" data-config-mode=\"Upcoming\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-event-module-wrapper\">\n    <h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n    <div class=\"fxs-event-module-inner-calendar\">\n        <div class=\"fxs-event-module-calendar-title-description-wrapper\">\n            <h3 class=\"fxs-event-module-calendar-title\">BoJ Interest Rate Decision<\/h3>\n            <p class=\"fxs-event-module-content\">The Bank of Japan (BoJ) announces its interest rate decision after each of the Bank\u2019s eight scheduled annual meetings. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and raises interest rates it is bullish for the Japanese Yen (JPY). Likewise, if the BoJ has a dovish view on the Japanese economy and keeps interest rates unchanged, or cuts them, it is usually bearish for JPY.<\/p>\n            \n                <svg width=\"1.3rem\" height=\"1.3rem\" aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" class=\"fxs_icon fa-chart-bar fa-w-16\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\">\n                    <\/path>\n                <\/svg>\n                <span>Read more.<\/span>\n            \n        <\/div>\n        <div class=\"fxs-event-module-release\">\n            <p>\n                <strong>Next release:<\/strong>\n                <span>Tue Jun 16, 2026 03:00 <\/span>\n            <\/p>\n            <p>\n                <strong>Frequency:<\/strong>\n                <span>Irregular<\/span>\n            <\/p>\n            <p>\n                <strong>Consensus:<\/strong>\n                <span>1%<\/span>\n            <\/p>\n            <p>\n                <strong>Previous:<\/strong>\n                <span>0.75%<\/span>\n            <\/p>\n            <p>\n                <strong>Source:<\/strong>\n                \n                    <span>Bank of Japan<\/span>\n                    <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                        <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\"><\/path>\n                    <\/svg>\n                \n            <\/p>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/AUD-bearish-animal_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jun 16, 10:14 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Australian Dollar falls further after weak China data<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-event-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-event-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-event-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-event-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:12px}.fxs-event-module-section:last-child{border:none;margin-bottom:0}.fxs-event-module-header{color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px;margin:0;padding:4px 0;background-color:#fff;border:none;position:relative;padding-right:32px}.fxs-event-module-header label{cursor:pointer;display:block}.fxs-event-module-header label:after,.fxs-event-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-event-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-event-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]{display:none}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:after{transform:rotate(45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-event-module-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0;margin-top:8px}.fxs-event-module-content.why-matters{max-height:0;overflow:hidden;transition:all .3s ease-in-out}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-content.why-matters{max-height:1000px;margin-top:8px}.fxs-event-module-calendar-title{color:#1b1c23;font-size:17.6px;font-family:Roboto;font-style:normal;font-weight:700;line-height:20.8px;margin:4px 0 0 0}.fxs-event-module-calendar-title-description-wrapper{display:flex;flex-direction:column;gap:12px;border-bottom:1px solid #ececf1;padding-bottom:16px;margin-bottom:16px}.fxs-event-module-inner-calendar{padding:16px}.fxs-event-module-inner-calendar .fxs-event-module-section{padding:0}.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>The Australian Dollar drops further against its peers after China\u2019s data release.<\/strong><\/li><li value=\"2\"><strong>On an annualized basis, China\u2019s Retail Sales declined 0.6%, while Industrial Production rose by 4.5%.<\/strong><\/li><li value=\"3\"><strong>Investors await the RBA monetary policy in which it is expected to leave the OCR steady at 4.35%.<\/strong><\/li><\/ul><p>The Australian Dollar (AUD) faces further selling pressure against its major currency peers during the Asian trading session on Tuesday, sliding 0.16% to near 0.7060 against the US Dollar (USD). The Aussie pair was already under pressure since the beginning of Tuesday\u2019s session after a three-day upside move, and has dropped after the release of the weak China data.<\/p><p>Given that the Australian economy relies heavily on its exports to Beijing, economic data from China carries significant influence on the Australian Dollar.<\/p><p>The National Bureau of Statistics of China has reported that Retail Sales declined by 0.6% Year-on-Year (YoY) in May, while they were expected to remain flat after rising 0.2% in April. Fixed Asset Investment YoY contracted at a faster pace of 4.1% vs. -2% and the prior reading of -1.6%.<\/p><p>China\u2019s Industrial Production data has come in stronger at 4.5% against 4.3% estimates and the previous release of 4.1%.<\/p><p>Meanwhile, investors brace for high volatility in the antipodean as the Reserve Bank of Australia (RBA) is set to announce its monetary policy at 04:30 GMT, in which it is expected to leave its Official Cash Rate (OCR) steady at 4.35%.<\/p><p>This will be the first RBA\u2019s monetary policy this year, when it is expected to leave interest rates unchanged. So far this year, the RBA has raised its OCR by 25 basis points (bps) in all three policy meetings to tame higher inflationary pressures in Australia.<\/p><p>Investors will pay close attention to the RBA\u2019s guidance regarding the monetary policy outlook, at times when the Australian Consumer Price Index (CPI) has started showing signs of cooling down, and employment conditions appear to be worsening.<\/p><p>In April, Australia\u2019s CPI arrived lower at 4.2% Year-on-Year (YoY), missed 4.4% estimates, and the prior reading of 4.6%. The Unemployment Rate jumped to 4.5% from expectations and the previous reading of 4.3%.<\/p><div class=\"post-module\"><div id=\"content-module-event-81351732-91fe-4199-82b6-1638364abe48-818\" data-type=\"event\" data-module=\"event\" data-config-topic=\"81351732-91fe-4199-82b6-1638364abe48\" data-config-event-id=\"97e8d83b-a333-4be6-8cf9-1f4fa9f9789d\" data-config-mode=\"Upcoming\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-event-module-wrapper\">\n    <h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n    <div class=\"fxs-event-module-inner-calendar\">\n        <div class=\"fxs-event-module-calendar-title-description-wrapper\">\n            <h3 class=\"fxs-event-module-calendar-title\">RBA Interest Rate Decision<\/h3>\n            <p class=\"fxs-event-module-content\">The Reserve Bank of Australia (RBA) announces its interest rate decision at the end of its eight scheduled meetings per year. If the RBA is hawkish about the inflationary outlook of the economy and raises interest rates it is usually bullish for the Australian Dollar (AUD). Likewise, if the RBA has a dovish view on the Australian economy and keeps interest rates unchanged, or cuts them, it is seen as bearish for AUD.<\/p>\n            \n                <svg width=\"1.3rem\" height=\"1.3rem\" aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" class=\"fxs_icon fa-chart-bar fa-w-16\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\">\n                    <\/path>\n                <\/svg>\n                <span>Read more.<\/span>\n            \n        <\/div>\n        <div class=\"fxs-event-module-release\">\n            <p>\n                <strong>Next release:<\/strong>\n                <span>Tue Jun 16, 2026 04:30 <\/span>\n            <\/p>\n            <p>\n                <strong>Frequency:<\/strong>\n                <span>Irregular<\/span>\n            <\/p>\n            <p>\n                <strong>Consensus:<\/strong>\n                <span>4.35%<\/span>\n            <\/p>\n            <p>\n                <strong>Previous:<\/strong>\n                <span>4.35%<\/span>\n            <\/p>\n            <p>\n                <strong>Source:<\/strong>\n                \n                    <span>Reserve Bank of Australia<\/span>\n                    <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                        <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\"><\/path>\n                    <\/svg>\n                \n            <\/p>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/USDCAD-neutral-line-1_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jun 16, 10:06 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Canadian Dollar steadies as US Dollar holds ground amid market caution<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>USD\/CAD holds steady as the US Dollar stabilizes ahead of further US-Iran peace talk updates.<\/strong><\/li><li value=\"2\"><strong>The commodity-linked CAD struggles as falling oil prices drag down the energy-dependent currency.<\/strong><\/li><li value=\"3\"><strong>The Federal Reserve is widely expected to hold interest rates steady at 3.50% to 3.75% this Wednesday.<\/strong><\/li><\/ul><p>USD\/CAD remains stronger for the fourth successive day, trading around 1.3990 during the Asian hours on Tuesday. The pair is holding its ground as the US Dollar (USD) stabilizes ahead of further developments regarding US-Iran peace talks. Because neither Washington nor Tehran has released the official text of the agreement, major shipping lines are delaying vessel reroutings through the strategic waterway until full transparency is established.<\/p><p>The USD\/CAD pair may appreciate further as the commodity-linked Canadian Dollar (CAD) struggles against a backdrop of lower oil prices. Even though US President Donald Trump announced that a memorandum of understanding (MoU) has been signed to end the conflict and reopen the blockaded Strait of Hormuz, market participants remain deeply cautious. According to Iran's semi-official Mehr news agency, the current draft calls for the strait to reopen within 30 days under Iranian arrangements.<\/p><p>On the macro front, lower oil prices are easing concerns that an energy-driven inflation spike could trigger a hawkish shift by global central banks. Bond yields have also declined, reducing worries over elevated borrowing costs from the Bank of Canada (BoC).<\/p><p>Meanwhile, the Federal Reserve is widely expected to keep its benchmark interest rate unchanged at a target range of 3.50% to 3.75% at its upcoming policy meeting on Wednesday. Traders will be closely monitoring the press conference for cues on how new Fed Chair Kevin Warsh intends to lead the central bank into its next era.<\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-cad-40\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"cad\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Canadian Dollar FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-cad-40accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-cad-40accordion0\">\n                            <span>What key factors drive the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada\u2019s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada\u2019s exports versus its imports. Other factors include market sentiment \u2013 whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) \u2013 with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-cad-40accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-cad-40accordion1\">\n                            <span>How do the decisions of the Bank of Canada impact the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting  interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-cad-40accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-cad-40accordion2\">\n                            <span>How does the price of Oil impact the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is  Canada\u2019s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-cad-40accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-cad-40accordion3\">\n                            <span>How does inflation data impact the value of the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada\u2019s case is the Canadian Dollar. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-cad-40accordion4\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-cad-40accordion4\">\n                            <span>How does economic data influence the value of the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/flag-china-01_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jun 16, 10:02 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">China\u2019s Retail Sales miss expectations in May: What -0.6% means for the Australian Dollar<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table 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p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}\n.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<p>China\u2019s Retail Sales&nbsp;fell 0.6% year-over-year (YoY) in May vs. 0% expected and 0.2% in April, the latest data released by the National Bureau of Statistics (NBS) showed Tuesday.<\/p><p>Chinese Industrial Production climbed 4.5% YoY in the same period, compared to the 4.3%&nbsp;forecast and 4.1% seen previously.<\/p><p>Meanwhile, the Fixed Asset Investment came in at -4.1% year-to-date (YTD) YoY in May, weaker than the expected decrease of 2.0%. The April reading was a decline of 1.6%.<\/p><p>The China-proxy Australian Dollar (AUD) attracts some sellers following the mixed Chinese data. At the time of writing, the&nbsp;AUD\/USD&nbsp;pair&nbsp;is trading 0.18% lower on the day at 0.7060.&nbsp;<\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-AUD-283\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"AUD\" data-config-asset=\"AUD\" data-config-criteria=\"Weakest\" data-config-period=\"Today\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.159025:1.15858,1.341355:1.340225,1.1574:1.156795,0.006236:0.006243,0.005382:0.005389,0.00465:0.004658,0.714745:0.714435,0.61675:0.616645,0.532905:0.533,114.5985:114.4375,0.70731:0.705945,0.6102:0.60931,0.527195:0.5267,113.3835:113.0715,0.989405:0.98808,0.58226:0.58143,0.502385:0.501855,0.4341:0.43384,93.3625:93.128,0.8145:0.813795,0.823395:0.823635,1.258329:1.257824,1.085759:1.085664,0.938165:0.93851,201.8005:201.468,1.760455:1.76059,1.779581:1.781897,2.161235:2.163305\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">Australian Dollar Price Today<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n                        <td class=\"light-green\">0.08%<\/td>\n                        <td class=\"light-red\">-0.11%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n                        <td class=\"light-green\">0.19%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.05%<\/td>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td class=\"light-green\">0.02%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n                        <td class=\"light-green\">0.11%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"light-red\">-0.08%<\/td>\n                        <td class=\"light-red\">-0.05%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.17%<\/td>\n                        <td class=\"light-red\">-0.02%<\/td>\n                        <td class=\"light-green\">0.09%<\/td>\n                        <td class=\"light-green\">0.06%<\/td>\n                        <td class=\"light-red\">-0.04%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-green\">0.11%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n                        <td class=\"light-green\">0.17%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-green\">0.28%<\/td>\n                        <td class=\"light-green\">0.25%<\/td>\n                        <td class=\"light-green\">0.17%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td class=\"light-red\">-0.02%<\/td>\n                        <td class=\"light-green\">0.02%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n                        <td class=\"light-green\">0.09%<\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"light-red\">-0.19%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"light-red\">-0.09%<\/td>\n                        <td class=\"light-red\">-0.28%<\/td>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td class=\"light-red\">-0.13%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-red\">-0.11%<\/td>\n                        <td class=\"light-red\">-0.06%<\/td>\n                        <td class=\"light-red\">-0.25%<\/td>\n                        <td class=\"light-red\">-0.09%<\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.10%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n                        <td class=\"light-red\">-0.17%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n                        <td class=\"light-green\">0.10%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)\/USD (quote).<\/p>\n<\/div><\/div><h2 class=\"fxs_headline_from_medium_to_large\">What do&nbsp;China\u2019s Retail Sales and Industrial Production data mean for the Australian Dollar?<\/h2><p>China\u2019s Retail Sales measure the value of goods sold by retailers in China, while Industrial Production shows the volume of production of Chinese industries such as factories and manufacturing facilities.&nbsp;<\/p><p>Both figures could impact the Australian Dollar, as China is Australia's largest trading partner. The Reserve Bank of Australia (RBA) does not set policy based on Chinese data alone, but China's economic performance can influence Australia's growth and inflation outlook.<\/p><p>Stronger-than-expected readings suggest a robust economy and can significantly affect demand for Australian exports, which could improve sentiment toward China-linked currencies. On the other hand, weaker-than-expected outcomes could raise concerns about China's economic recovery and weigh on market sentiment and the Aussie.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Technical Analysis: AUD\/USD remains capped under the key 100-day SMA<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1781572946205\" alt=\"Chart Analysis AUD\/USD\" loading=\"lazy\"><p>In the daily chart, AUD\/USD holds just under the 100-day Simple Moving Average (SMA), which keeps the near-term tone mildly bearish as the pair struggles to extend last week\u2019s recovery. The Relative Strength Index (RSI) at around 44 sits below the neutral 50 line, hinting that upside momentum is limited while sellers retain a slight advantage.<\/p><p>On the topside, the immediate hurdle is the 100-day SMA at 0.7085, and a daily close above this barrier would be needed to ease existing downside pressure and open the door to a more sustained rebound. With no nearby technical supports from the provided dataset, any pullback from the current area would leave spot vulnerable to a deeper slide, with traders likely watching prior swing lows and psychological round figures for the next demand zones beyond the scope of the current indicators.<\/p><p><em>(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-event-bbf9aa76-2251-4417-b626-6dbec205571c-212\" data-type=\"event\" data-module=\"event\" data-config-event-id=\"2b1b973d-3280-48cc-8c71-d9d6bad2e859\" data-config-topic=\"bbf9aa76-2251-4417-b626-6dbec205571c\" data-config-mode=\"Historical\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-event-module-wrapper\">\n    <h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n    <div class=\"fxs-event-module-inner-calendar\">\n        <div class=\"fxs-event-module-calendar-title-description-wrapper\">\n            <h3 class=\"fxs-event-module-calendar-title\">Retail Sales (YoY)<\/h3>\n            <p class=\"fxs-event-module-content\">The Retail Sales data, released by the National Bureau of Statistics of China on a monthly basis, measures the value of goods sold by retailers in China. Changes in Retail Sales are widely followed as an indicator of consumer spending. Percent changes reflect the rate of changes in such sales, with the YoY reading comparing sales values in the reference month with the same month a year earlier. Generally, a high reading is seen as bullish for the Renminbi (CNY), while a low reading is seen as bearish.<\/p>\n            \n                <svg width=\"1.3rem\" height=\"1.3rem\" aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" class=\"fxs_icon fa-chart-bar fa-w-16\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\">\n                    <\/path>\n                <\/svg>\n                <span>Read more.<\/span>\n            \n        <\/div>\n        <div class=\"fxs-event-module-release\">\n            <p>\n                <strong>Last release:<\/strong>\n                <span>Mon May 18, 2026 02:00 <\/span>\n            <\/p>\n            <p>\n                <strong>Frequency:<\/strong>\n                <span>Monthly<\/span>\n            <\/p>\n            <p>\n                <strong>Actual:<\/strong>\n                <span class=\"fxs-event-module-negative-number\">0.2%<\/span>\n            <\/p>\n            <p>\n                <strong>Consensus:<\/strong>\n                <span>2%<\/span>\n            <\/p>\n            <p>\n                <strong>Previous:<\/strong>\n                <span>1.7%<\/span>\n            <\/p>\n            <p>\n                <strong>Source:<\/strong>\n                \n                    <span>National Bureau of Statistics of China<\/span>\n                    <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                        <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\"><\/path>\n                    <\/svg>\n                \n            <\/p>\n        <\/div>\n    <\/div>\n<\/div><\/div><div class=\"post-module\"><div id=\"content-module-faq-Forex-inflation-738\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"inflation\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Inflation FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-738accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-738accordion0\">\n                            <span>What is inflation?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-738accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-738accordion1\">\n                            <span>What is the Consumer Price Index (CPI)?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-738accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-738accordion2\">\n                            <span>What is the impact of inflation on foreign exchange?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-738accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-738accordion3\">\n                            <span>How does inflation influence the price of Gold?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it.\nHigher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n      <\/div>\n  <div class=\"latest-news__pagination\">\n    <div><a class=\"latest-news__page active\" href=\"?nav=1\">1<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=2\">2<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=3\">3<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=4\">4<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=5\">5<\/a><\/div>  <\/div>\n<\/section>\n<script>\n  let acc = document.getElementsByClassName(\"js-accordion\");\n  let i;\n\n  for (i = 0; i < acc.length; i++) {\n    acc[i].addEventListener(\"click\", function() {\n      this.classList.toggle(\"is-active\");\n\t  const parent = this.closest('.js-news-item')\n      const panel = parent.querySelector('.js-news-content')\n      parent.classList.toggle(\"is-active\");\n      if (panel.style.display === \"block\") {\n        panel.style.display = \"none\";\n      } else {\n        panel.style.display = \"block\";\n      }\n    });\n  }\n\t\n  function handleAccordionInContents() {\n\t  const dataAccordions = jQuery(\".latest-news__content.is-cn .fxs-content-module-header\")\n\t  dataAccordions.each(function() {\n\t\t  const $this = jQuery(this)\n\t\t  let isExpanded = $this.parent().attr('expanded')\n\t\t  if(typeof isExpanded !== 'undefined' && isExpanded !== false) {\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t  }\n\t  })\n\t  dataAccordions.on(\"click\", function(e) {\n\t\t  const $this = jQuery(this)\n\t\t  const content = $this.next()\n\t\t  if($this.hasClass('show')) {\n\t\t\t  content.slideUp(300, function() {\n\t\t\t\t  $this.removeClass('show')\n\t\t\t  \t  $this.parent().removeClass('show')\n\t\t\t  })\n\t\t  } else {\n\t\t\t  content.css(\"opacity\", 0)\n\t\t\t  \t.slideDown(300)\n\t\t\t  \t.animate(\n\t\t\t\t\t{ opacity: 1 },\n\t\t\t\t\t{ queue: false, duration: 300 }\n\t\t\t\t  );\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t\t  \n\t\t  }\n\t  })\n  }\n\t\n\t\n\tjQuery(document).ready(function() {\n\t\thandleAccordionInContents()\n\t})\n<\/script>\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e823cf5 e-flex e-con-boxed e-con\" data-id=\"e823cf5\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-741da53 elementor-widget elementor-widget-heading\" data-id=\"741da53\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Forex Market News<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-874732b elementor-widget elementor-widget-text-editor\" data-id=\"874732b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can sway market sentiment and drive substantial movements in currency valuations.<\/p><p>At Rakuten Securities Hong Kong, we prioritise delivering timely and accurate forex news updates sourced from reputable platforms like FXStreet. This ensures you stay informed about crucial market developments, enabling informed decision-making and proactive strategy adjustments. Whether you&#8217;re monitoring forex forecasts, analysing trading perspectives, or seeking to capitalise on emerging trends, our comprehensive approach equips you with the insights needed to navigate the FX market effectively.<\/p><p>Stay ahead with our comprehensive forex news coverage, designed to keep you informed and prepared to seize profitable opportunities in the dynamic world of forex trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>HOME Forex News News source: FXStreet Forex Market News Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":273,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":"","_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex News | FX Forecast - Rakuten Securities HK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sec.rakuten.com.hk\/en\/insight\/forex-news\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex News | FX Forecast - Rakuten Securities HK\" \/>\n<meta property=\"og:description\" content=\"HOME Forex News News source: FXStreet Forex Market News Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. 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