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About: anakin
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The Reserve Bank of Australia cut rates due to economic risks, cautioning against prolonged tight policy.
RBA cuts cash rate to 4.10%, citing economic risks. Inflation remains above target, policy flexibility maintained.
In the Philippines, gold prices have remained relatively stable, based on recent market data.
Gold prices in the Philippines remained stable Tuesday, with slight decreases. Influences include geopolitics, interest rates, and central banks.
In Q4, Japan’s corporate capex declined 0.2%, indicating reduced domestic demand despite GDP growth.
Corporate capex fell 0.2% in Q4 after years of growth, while GDP rose 2.8%, driven by consumption.
Gold prices in the United Arab Emirates experienced stability, remaining largely unchanged throughout the day.
Gold prices in UAE remained stable; central banks increased reserves, influencing prices amid economic and geopolitical factors.
According to Reuters, the PBOC will likely set the USD/CNY reference rate at 7.2727.
The PBOC sets a daily yuan midpoint, allowing a +/- 2% trading band, with interventions to manage volatility.
