PBOC SETS USD/CNY REFERENCE RATE PBOC sets today's USD/CNY reference rate at 7.1692 (vs. estimate of 7.2386). Strongest rate for the yuan since February 6, 2025. PBOC uses a managed floating exchange rate system with a +/- 2% band around the central reference rate.
STOCK FUTURES RISE AFTER COMMERCE SECRETARY LUTNICK SUGGESTS POSSIBLE COMPROMISE ON TRUMP TARIFFS U.S. stock futures rise after two days of sharp losses. Dow Jones Industrial Average futures up 255 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures gain 0.73% and 0.93%
Ethereum's Price Holding: Ethereum is still above $2,200 despite recent issues. Pectra Upgrade Problems: The new Pectra upgrade had issues on the Sepolia testnet. Fixes Applied: Developers have now fixed the problems. Market Sentiment: Some negative feelings remain due to the testnet failure. Current Trend: Ethereum is
SOUTH KOREA FEBRUARY CPI ABOVE EXPECTATIONS South Korea's February headline CPI comes in at +2.0% y/y, higher than the expected +1.95%. February CPI is lower than January’s +2.2%. Monthly CPI (m/m) rises +0.3%, above the expected +0.2%. Core CPI is
BITCOIN PRICE AND MARKET MOVEMENT Bitcoin price hovers around $87,600 on Wednesday. Found support around $85,000 on Tuesday. US Bitcoin spot ETFs see outflows totaling $217.7 million this week, signaling weak institutional demand. The upcoming White House Crypto Summit on Friday could introduce volatility to BTC.
USD/JPY is dropping: The pair is losing some of its earlier gains, trading near 149.00. Earlier high this week: It had hit a multi-month peak earlier but is now easing. US Dollar weakness: The US Dollar is facing selling pressure, pushing the pair lower. BoJ rate hike expectations:
TREASURY YIELDS RISE AS INVESTORS WEIGH IMPACT OF TRUMP’S TARIFFS U.S. Treasury yields rise as investors assess the impact of President Trump's tariffs on Canada, Mexico, and China. The 10-year Treasury yield increases by over three basis points to 4.242%. The 2-year Treasury yield rises
AUD/USD is strong around 0.6350 on Thursday. Australian trade data for January was better than expected. The US Dollar is weak due to worries about Trump's tariffs and a dovish Federal Reserve. The currency pair is at its weekly high.
US DOLLAR REMAINS FRAGILE AS FOCUS SHIFTS TO DATA RELEASES USD weakens, with the USD Index at its lowest since December. Economic slowdown concerns continue to pressure the USD. Focus shifts to ISM Services PMI and ADP Employment Change data for February.
Gold price stays steady after reaching a one-week high on Wednesday. Investors worry about economic problems from Trump's trade tariffs and a global trade war. Weak U.S. economic data increases chances of more interest rate cuts by the Federal Reserve. A weaker U.S. dollar helps boost
GERMAN BORROWING COSTS SPIKE AS MERZ PLANS DEBT RULE OVERHAUL European stocks set to open higher on optimism over U.S. tariff easing. German 10-year bond yield rises 20+ basis points to 2.682%, with 2-year yield up 11 basis points. Focus on potential reform of Germany's debt
U.S. IMPORTERS FACE IMPACT OF PRESIDENT TRUMP’S NEW TARIFFS 25% tariffs on Canadian and Mexican imports, 10% on Chinese imports, effective Tuesday. 10% tariff on Canadian energy imports also begins. The tariffs' impact will be swift and significant for U.S. importers and customers.