China should not rush on digital yuan for cross-border payments – former central bank head

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Ivy Chu

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Forex News Reuters Topbanner

USD/CAD ticks up to near 1.3850 in countdown to BoC-Fed monetary policy 10 December 2025

The USD/CAD pair trades marginally higher to near 1.3855 during the Asian trading session on Wednesday.

Japanese Yen recovers from two-week low vs USD amid divergent BoJ-Fed expectations 10 December 2025

The Japanese Yen (JPY) edges higher during the Asian session on Wednesday following the release of Japan’s Corporate Goods Price Index, which exceeded market expectations and reaffirmed bets for an imminent rate hike by the Bank of Japan (BoJ).

Japan’s Takaichi says closely watching market moves 10 December 2025

Japanese Prime Minister Sanae Takaichi said on Wednesday that it’s important for currencies to move in a stable manner and reflect fundamentals. Takaichi added that the government will take appropriate action against excessive and disorderly moves.

US Dollar Index flat lines above 99.00 ahead of Fed rate decision 10 December 2025

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 99.20 during the Asian trading hours on Wednesday.

WTI declines below $58.50 as US Dollar gains on job data, Iraq oilfield resumes 10 December 2025

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.20 during the Asian trading hours on Wednesday.

Breaking: China’s CPI inflation rises to 0.7% YoY in November, as expected 10 December 2025

China’s Consumer Price Index (CPI) rose 0.7% in November from a year ago after arriving at an increase of 0.2% in October, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0.7% in the reported period.

China Consumer Price Index (YoY) meets expectations (0.7%) in November 10 December 2025

China Consumer Price Index (YoY) meets expectations (0.7%) in November

China Producer Price Index (YoY) came in at -2.2%, below expectations (-2%) in November 10 December 2025

China Producer Price Index (YoY) came in at -2.2%, below expectations (-2%) in November

China Consumer Price Index (MoM) came in at -0.1%, below expectations (0.2%) in November 10 December 2025

China Consumer Price Index (MoM) came in at -0.1%, below expectations (0.2%) in November

Silver Price Forecast: XAG/USD refreshes record high, looks to build on move beyond $61.00 10 December 2025

Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.

PBOC sets USD/CNY reference rate at 7.0753 vs. 7.0773 previous 10 December 2025

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0753 compared to the previous day's fix of 7.0773.

NZD/USD flat lines below 0.5800, close to one-month top ahead of China inflation data 10 December 2025

The NZD/USD pair holds steady during the Asian session on Wednesday and for now, seems to have stalled the previous day's modest pullback from the 0.5800 neighborhood, or its highest level since late October.

Gold Price Forecast: XAU/USD declines to near $4,200 as traders await hawkish cut from Fed 10 December 2025

Gold price (XAU/USD) trades in negative territory near $4,210 during the early Asian session on Wednesday.

Japan Producer Price Index (MoM) in line with expectations (0.3%) in November 9 December 2025

Japan Producer Price Index (MoM) in line with expectations (0.3%) in November

Japan Producer Price Index (YoY) in line with expectations (2.7%) in November 9 December 2025

Japan Producer Price Index (YoY) in line with expectations (2.7%) in November

GBP/USD extends mean reversion as investors brace for Fed 9 December 2025

GBP/USD eased back toward the midrange on Tuesday, shedding around one-fifth of one percent after facing an intraday technical rejection from the 1.3350 level.

USD/JPY rises to two-week highs near 157.00 on robust US jobs data, Fed rate decision in focus 9 December 2025

The USD/JPY pair climbs to two-week highs near 156.90 during the early Asian session on Wednesday. The stronger US jobs data provide some support to the US Dollar (USD) against the Japanese Yen (JPY). All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday.

EUR/USD steady as markets gear up for Fed decision, Powell´s guidance 9 December 2025

EUR/USD continues to trade sideways poised to finish Tuesday’s session with minuscule losses of 0.09% as market participants wait for the Federal Reserve’s monetary policy decision on Wednesday. At the time of writing, the pair trades at 1.1626.

South Korea Unemployment Rate: 2.7% (November) vs 2.6% 9 December 2025

South Korea Unemployment Rate: 2.7% (November) vs 2.6%

United States API Weekly Crude Oil Stock came in at -4.8M, below expectations (-1.7M) in December 5 9 December 2025

United States API Weekly Crude Oil Stock came in at -4.8M, below expectations (-1.7M) in December 5

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