PBOC sets USD/CNY reference rate above Reuters estimate, signaling potential easing in currency support. The People’s Bank of China set the daily USD/CNY reference rate at 6.8150, weaker than the previous fix of 6.8130 and above the 6.7819 Reuters estimate. The move sugges
Company tightens revenue forecast to $1.475B-$1.505B after Q1 earnings beat driven by stronger gross margins. Oxford Industries set its fiscal 2026 adjusted earnings per share guidance at $2.30 to $2.70, narrowing its sales outlook to $1.475 billion to $1.505 billion. The
Iran closed the Strait of Hormuz after US airstrikes targeted southern Iran near the critical oil chokepoint. The US conducted a second night of airstrikes in southern Iran near the Strait of Hormuz, escalating tensions in the region. Iran responded by shutting down the St
EUR/USD trades near 1.1540 on ECB rate hike bets The EUR/USD pair is trading in positive territory near 1.1540. Rising bets on a European Central Bank rate hike underpin the Euro. The ECB is set to deliver its June policy meeting decision later on Thursday.
Tehran halts traffic through the key oil chokepoint following US military action, raising supply disruption risks for global markets. Iran’s joint military command announced the closure of the Strait of Hormuz to all vessels, including oil tankers, until further notice. Th
The daily yuan reference rate reflects China’s exchange rate policy amid USD strength and domestic economic signals. The People’s Bank of China will announce its USD/CNY reference rate around 0115 GMT, with Reuters estimating a midpoint near 6.7819. The fixing serves as a
The Bank of Japan has updated its monetary survey figures for the period spanning July 2025 to March 2026. The Bank of Japan announced revisions to its Monetary Survey data covering the period from July 2025 to March 2026. The updated figures are now accessible via the BOJ
Hotter-than-expected US inflation data reinforces Fed rate-hike bets, pressuring the Japanese Yen to its weakest level in six weeks. The Japanese Yen fell to a six-week low against the US Dollar, with USD/JPY rising to 160.55 in early Asian trading. The move follows a stro
Hotter-than-expected US inflation data reinforces Fed rate-hike bets, pressuring the Japanese Yen to its weakest level since mid-May. The Japanese Yen fell to a six-week low of 160.55 against the US Dollar in early Asian trading Thursday, extending losses after a stronger-
The 2010 Gulf of Mexico oil spill caused $17.2 billion in natural resource damages and devastated marine life. The BP Deepwater Horizon oil spill in 2010 resulted in $17.2 billion in natural resource damages, according to estimates. The disaster released 134 million gallon
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