New rules aim to diversify supply chains by limiting reliance on any single supplier for key industrial components. The European Union is drafting regulations to require companies to source critical components from at least three suppliers, capping any single supplier’s sh
PBOC sets the USD/CNY reference rate at 6.8375, stronger than the prior 6.8435 and above Reuters estimates of 6.7909. The People’s Bank of China set the USD/CNY reference rate at 6.8375 for Tuesday’s session, a stronger fix compared to Monday’s 6.8435. The move deviates fr
China’s central bank sets the daily yuan reference rate above market expectations, signaling potential depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.8375, compared with a forecast of 6.7909. The move allows the yuan to trade within a
Geopolitical optimism weighs on oil prices, pressuring the Canadian Dollar as the USD strengthens. The USD/CAD pair climbed to 1.3750 during Tuesday’s Asian session, reversing a modest pullback from near one-month highs around 1.3765. A stronger U.S. Dollar drove the move,
USD/JPY gains for seventh day The Japanese Yen remains subdued despite stronger-than-expected preliminary economic growth data. The currency pair USD/JPY extends its gains for the seventh consecutive day, trading around 159.00 during the Asian hours on Tuesday.
Japan’s economy grew 0.5% quarter-on-quarter in Q1 2026, beating forecasts, yet the yen remains under pressure against the dollar. The USD/JPY pair climbed to around 159.00 in Asian trading Tuesday, extending gains for a seventh straight session. The yen’s weakness persist
Firmer USD demand and easing geopolitical tensions cap oil prices, pressuring the Canadian dollar as USD/CAD climbs. The USD/CAD pair climbed to 1.3750 in early Asian trading, reversing a modest pullback from last week’s one-month high near 1.3765. The move reflects a firm
Canberra sources 100 million litres of jet fuel from China to mitigate disruptions caused by the Strait of Hormuz closure. Australia has secured three shipments of jet fuel totaling over 600,000 barrels, or approximately 100 million litres, from China. Deliveries are set t
Michael Saylor reaffirms commitment to accumulate Bitcoin regardless of price, targeting levels from $60,000 to $16 million. MicroStrategy CEO Michael Saylor stated the company will continue purchasing Bitcoin at any price, including $60,000, $120,000, or even $16 million.
Oil prices retreat as geopolitical tensions ease following the U.S. president’s decision to cancel planned military action. West Texas Intermediate crude fell below $102.00 to trade near $101.85 in early Asian trading on Tuesday. The decline follows U.S. President Donald T
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