The PBOC sets the USD/CNY reference rate, influencing yuan fluctuations within a managed floating exchange rate system.
AUD/USD rises to 0.6280, supported by RBA policy, Chinese stimulus, trade balance, and iron ore demand.
The BOJ may raise rates on May 1 as rising food prices drive inflation and potential wage growth.
Australia’s Manufacturing PMI rose to 52.6, boosting AUD/USD. Gold fell amid Ukraine peace hopes and data anticipation.
Toyota delays lithium-ion battery factory in Fukuoka due to declining EV demand and shifting market conditions.
The White House revises tariffs, focusing on reciprocity. Trump calls April 2 “Liberation Day,” emphasizing key industries.
China’s Vice Premier He Lifeng met business leaders, expressed economic confidence, and discussed investment and US relations.
Australia’s Manufacturing PMI rose to 52.6 in March, while Services and Composite PMIs also showed improvement.
Euro net longs surged to 59,425 contracts, while Aussie and kiwi shorts widened and Canadian dollar shorts eased.
Australia’s Services PMI rose slightly, AUD/USD gained, USD/JPY climbed, gold hit records, and key data approaches.
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