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About: anakin
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The People’s Bank of China established the USD/CNY rate at 7.2066, lower than Friday’s 7.2095
PBOC adjusts USD/CNY rate, uses monetary tools to manage stability, growth, and reform China’s finance sector.
The USD/CNY reference rate is projected at 7.2429, according to estimates from Reuters
PBOC sets daily yuan midpoint at 7.2429, guiding USD/CNY within a controlled 2% trading band.
The EUR/USD pair is declining to around 1.1240 after previous session gains, influenced by ECB signals
EUR/USD dips amid ECB rate cut talk, US-China trade optimism, and looming EU countermeasures on tariffs.
Japan’s April bank loans grew slower than March while US-China relations and drug prices dominate attention
US-China relations show progress with planned meetings; US targets lower prescription drug prices to aid consumers.
Due to stronger US Dollar and optimistic US-China trade discussions, gold price fell under $3,300
Gold fell amid stronger US Dollar and trade optimism; geopolitical risks and central bank buying offer support.
