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PBOC sets USD/CNY central rate at 6.9523, lower than previous rates
The PBOC set the yuan’s central rate at 6.9523, aiming to stabilize the currency amid economic softness. Watch for potential Reserve Requirement Ratio cuts to support growth without altering interest rates. – vtmarketsmy.com
Written on February 9, 2026 at 4:09 am
Categories: Live Updates
AUD/USD continues to rise above 0.7000 due to RBA’s hawkish outlook
The AUD/USD is strengthening at 0.7020, boosted by hawkish RBA statements and recovering iron ore prices. However, Australia’s household spending declines may limit further gains, awaiting critical US employment data. – vtmarketsmy.com
Written on February 9, 2026 at 3:09 am
Categories: Live Updates
ABN AMRO expects China’s January CPI to drop due to base effects and the timing of the Lunar New Year.
China’s inflation recovery remains weak, with January’s CPI expected to dip. Anticipated annual inflation at 0.9% reflects limited growth, prompting cautious investment strategies amid ongoing economic challenges. – vtmarketsmy.com
Written on February 9, 2026 at 3:09 am
Categories: Live Updates
EUR/USD rises from two-week lows for the second day amid a weaker dollar
The EUR/USD pair is rising, reaching 1.1830-1.1835, driven by a weaker US dollar and expectations of Fed rate cuts. The upcoming US jobs report is crucial for potential further gains. – vtmarketsmy.com
Written on February 9, 2026 at 3:09 am
Categories: Live Updates
Chinese demand drives gold value past $5,000 amid a weaker US dollar
Gold prices soared to $5,035, fueled by central bank demand and a weak US Dollar. Geopolitical tensions and economic factors suggest further volatility ahead, making gold an attractive investment opportunity. – vtmarketsmy.com
Written on February 9, 2026 at 3:08 am
Categories: Live Updates
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