China's central bank sets the daily yuan reference rate above market expectations, signaling potential currency adjustment. The People’s Bank of China set the USD/CNY reference rate at 6.8373, compared with a Reuters estimate of 6.7992. The fix allows the yuan to trade wit
ECB Executive Board member Philip Lane emphasizes Asia's pivotal role in shaping euro area economic conditions and monetary policy. European Central Bank Executive Board member Philip Lane stated that developments in Asia are a key driver of the euro area's economic outloo
USD/CAD gains for fourth day as oil prices decline The Canadian Dollar has declined as oil prices ease due to rising US-Iran peace hopes. The USD/CAD pair has gained ground for the fourth consecutive day, trading around 1.3790 during the Asian hours on Friday.
Stock and bond markets observe Memorial Day with early closures Friday and a full shutdown Monday, altering trading schedules. US stock and bond markets will close early on Friday at 2:00 p.m. ET and remain fully shut on Monday for Memorial Day. Regular trading resumes Tue
The Bank of Japan published its May 20, 2026 accounts, detailing reserves, foreign currency holdings, and investment equity allocations. The Bank of Japan (BoJ) released its accounts for May 20, 2026, outlining key financial holdings and operational reserves. The data incl
Non-inundated plots within 100 meters of flood zones also saw a 5% decline, while effects vanished beyond 800 meters. Land prices in areas flooded by Typhoon Hagibis in 2019 dropped 10% over five years, reflecting heightened flood-risk perception, according to a study usin
Weaker-than-expected Japan CPI inflation data pressures the yen, lifting the USD/JPY pair in early Asian trading. The Japanese yen declined against the US dollar, with the USD/JPY pair climbing to 159.10 in early Asian trading on Friday. The move follows softer Japan infla
Japan’s core CPI growth slowed to 1.4% YoY in April, the weakest pace since 2020, pressuring the yen ahead of BOJ’s June policy meeting. The USD/JPY pair climbed to 159.10 in early Asian trading Friday after Japan’s core Consumer Price Index rose 1.4% year-over-year in Apr
Copart outlines 15M US noninsurance auction market Copart's US noninsurance auction market is valued at over 15M. The company's international units rose 5.9%. Global insurance unit sales declined 2.7% in the third quarter of fiscal 2026.
Oil prices retreat for a third day amid easing supply fears on potential US-Iran negotiations progress. West Texas Intermediate crude trades near $96.80 per barrel, extending losses for a third consecutive session. The decline follows growing speculation that the US and Ir
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