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About: anakin
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The PBOC may set the USD/CNY reference rate at 7.2857, according to Reuters’ prediction.
PBOC sets the yuan’s midpoint at 7.2857, allowing a +/- 2% fluctuation, intervening if volatility arises.
In the US, CFTC’s oil net positions decreased to 171.2K from 197.6K previously.
Oil positions dropped, AUD/USD rose, USD/JPY faced resistance, gold increased, and key economic events loom.
Warren Buffett argues Trump’s tariffs damage consumers and could lead to inflation, likening them to war.
Buffett warns tariffs fuel inflation, burden consumers, and act as economic warfare, sparking reactions from Chinese media.
Traders faced volatility due to the Trump-Zelenskyy talks and encouraging inflation data.
Stocks initially rose on PCE data but declined amid geopolitical tensions, layoffs, tariffs, and bearish market sentiment.
In February 2025, Australia reported a monthly inflation decrease to -0.2%, below target rates.
Australian inflation fell 0.2% in February 2025; yearly rate at 2.2%, below the Reserve Bank’s target range.
