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Recent Posts by anakin

Shares of COSCO fell 8% due to Trump’s proposed fees affecting China’s commercial shipping.

China COSCO Shipping shares fell 8% after Donald Trump proposed fees and shipping requirements for Chinese-built vessels.

During Monday’s Asian session, gold (XAU/USD) dipped to around $2,925 amid profit-taking.

Gold prices fell to $2,925 after profit-taking. US tariffs, central bank demand, and economic uncertainty influence trends.

Today’s USD/CNY reference rate set by PBOC is 7.1717, lower than the expected 7.2495.

PBOC sets yuan midpoint, allows ±2% fluctuation. Injects CNY 292.5B via reverse repos. China advances rural reforms.

The People’s Bank of China established a USD/CNY central rate of 7.1717, slightly up from 7.1696.

PBOC set the USD/CNY rate at 7.1717, using monetary tools to maintain stability and support growth.

Following German election results, the euro has strengthened, pushing EUR/USD above 1.05.

The Euro rises above 1.05 as German conservatives win, boosting confidence despite expected coalition negotiations.

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