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Key Highlights

Key Highlights

USD/CNY remains tightly managed near 6.8 as weak China economic data, property market stress, and rising stimulus expectations shape the PBoC’s yuan strategy.Key HighlightsThe People's Bank of China has been defending the yuan at the 6.8 per dollar level through daily fixings.TD Securities identifies …

Key Highlights

EUR/USD remains resilient despite Europe’s energy shock, ECB policy divergence, and geopolitical risks as bearish dollar positioning and rising defence spending reshape the euro outlook.Key HighlightsSociete Generale analysts identify a paradoxical constraint on euro weakness: widespread bearish dollar consensus means the euro cannot decline …

USD/CAD remains driven by US CPI, FOMC minutes, oil prices, and Federal Reserve policy as the Bank of Canada navigatesInflation, trade uncertainty, and slowing domestic growth.Key HighlightsThe Canadian dollar edged higher as traders positioned ahead of US CPI data and FOMC minutes.Canada's exceptional integration …

Sterling's difficulties reflect two reinforcing pressures. The first is external: the Iran conflict's oil price shock has increased the UK'sImportbill, widened the current accountDeficit, and generatedInflationthat complicates Bank of England policy. The second is internal: a political environment characterised byLeadershipuncertainty, conflicting fiscal signals, and …