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Markets hit the Asian open with the hum of an old machine running at two different speeds—on one side, the U.S. tech juggernaut roaring like a supercharged engine, on the other, the Chinese economy coughing like a car starved of fuel. Between them sits the Fed, staring at a dashboard that’s flashing

The US Treasury Secretary and his Japanese counterpart have issued a joint statement reaffirming their commitment to refrain from 'manipulating FX to gain a competitive advantage', Commerzbank's FX analyst Michael Pfister notes. Yen has hardly reacted to the morning news "But why is this important?

NZD/USD strengthens to around in Thursday’s Asian session.US JOLTS Job Openings declined to 7.18 million in July vs. 7.4 million expected. The dovish tone of the RBNZ might cap the upside for the pair. The NZD/USD pair gains traction to near 0.5880 during the Asian trading hours on Thursday. The US

GBP/USD may regain its ground amid the easing likelihood of further rate cuts by the BoE.BoE’s Mann said rates should stay high to curb inflation risks.The US Dollar may struggle amid rising concerns over Fed independence. GBP/USD retraces its recent gains from the previous session, trading around 1

The DXY Index climbed 0.7% to 98.4 overnight, primarily on profit-taking sparked by better-than-expected US new home sales (NHS). Earlier, the index consolidated in a narrow 97.8-98.0 range throughout the Asian and European sessions, digesting last Friday’s 0.9% sell-off to 97.7 following Fed Chair

Gold price jumped to one-week high on Friday, in immediate reaction to the speech of Fed Chair Jerome Powell at the Jackson Hole symposium. Markets saw Powell’s remarks as dovish as he pointed to growing risk to the job market (particularly after very disappointing July labor report, as well as stro