China’s central bank sets the daily yuan reference rate at 6.8088, slightly firmer than Friday’s 6.8109 fix and above Reuters estimates. The People’s Bank of China set the USD/CNY reference rate at 6.8088 for Monday’s trading session, compared with 6.8109 on Friday. The fi
The stronger-than-expected yuan fixing may signal policy caution amid market volatility and external pressure. China’s central bank set the daily USD/CNY reference rate at 6.8088, above the 6.7544 estimate from traders. The move allows the yuan to trade within a 2% band ar
The British pound rises against the dollar after a US-Iran peace agreement reduces geopolitical risks and weakens the greenback. GBP/USD advanced to 1.3450 in Asian trading on Monday, recovering from minor losses as the US dollar retreated. The move follows reports of a US
Oil benchmarks fell sharply as the Strait of Hormuz reopens, easing supply concerns after over 100 days of closure. Brent crude fell 3.95% to $83.88 per barrel in early Asian trading Monday after the U.S. and Iran agreed to reopen the Strait of Hormuz. WTI declined 4.62% t
South Korea won gains support after US liaison The won has seen some bids due to the US-Iran peace MoU. The US-Iran peace MoU has already led to some bids for the won. The PBOC is expected to set the USD/CNY reference rate at 6.7544. SpaceX's $226B
Oil prices decline after reports of a US-Iran agreement ease geopolitical supply risks in the Middle East. West Texas Intermediate crude fell to $79.40 in early Asian trading, marking a two-month low. The drop follows reports of a US-Iran agreement aimed at ending nearly f
Oil prices fall as Washington and Tehran agree to end military operations and reopen the Strait of Hormuz by Friday. West Texas Intermediate crude slid to $79.40 in early Asian trading, hitting a two-month low. The decline follows reports of a US-Iran peace agreement, whic
The People’s Bank of China’s daily yuan fixing influences onshore trading within a 2% band, reflecting policy signals and market conditions. The People’s Bank of China is expected to set its daily USD/CNY reference rate at 6.7544, a key benchmark for onshore yuan trading.
Kospi futures gain 5% on US-Iran peace talks The US-Iran peace proposal has led to a surge in equities, with Kospi futures rising 5%. The proposal is set to be signed on Friday, sparking optimism in the market. SpaceX's $226 billion valuation is being quest
An interim agreement to reopen the Strait of Hormuz sends bitcoin higher and crude oil down nearly 5% to $81 per barrel. Bitcoin rallied after the US and Iran announced an interim deal to end hostilities and reopen the Strait of Hormuz, easing geopolitical risks. The agree
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