PBOC sets USD/ CNY reference rate for today at 6.8431 (vs. estimate at 6.7946)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.Injects 500mn yuan via 7-day ...
NZ PM Luxon promises fiscal responsibility … as you do
New Zealand PM Luxon:Government committed to putting debt on a downward path towards 40% of GDP, returning to Obegalx ...
ICYMI – Iran tightens Hormuz grip as Iraq and Pakistan strike bilateral transit deals
Iraq and Pakistan have struck separate deals with Iran for oil and LNG passage through the Strait of Hormuz, as Tehra ...
PBOC is expected to set the USD/CNY reference rate at 6.7946 – Reuters estimate
Earlier:Goldman Sachs says yuan 20% undervalued, lifts forecasts to 6.50 in a year-The People’s Bank of China is due ...
Hot CPI print – Wall Street inflation fears mount as break-even rates hit multiyear highs
Wall Street inflation anxiety deepened after Tuesday’s hot CPI print, with five-year break-even rates at their ...
Goldman Sachs says yuan 20% undervalued, lifts forecasts to 6.50 in a year
Goldman Sachs says the yuan is more than 20% undervalued against the dollar and has upgraded its forecasts to 6.80 in ...
Hot US inflation print fans fears of Fed rate hike as energy costs spread
US consumer prices rose 3.8% in April, above forecasts, with energy accounting for 40% of the increase, prompting ana ...
Alaska passes gold and silver legal tender bill, exempting precious metals from sales tax
Alaska’s Senate has passed HB 1 by 19 votes to 1, recognising gold and silver as legal tender and exempting spe ...
India more than doubles gold and silver import tariffs to 15%, effort to prop up the rupee
India has more than doubled import duties on gold and silver to 15%, aiming to narrow its trade deficit and support t ...
Preview – Citi tips Nvidia Q1 revenue beat ahead of May 20 earnings report
Citi maintains a buy rating and $300 price target on Nvidia ahead of May 20 earnings, projecting Q1 revenue of $80bn, ...
Oil – private survey of inventory shows a headline crude oil draw just less than expected
Via telegram sources:Crude prices advanced steadily through Tuesday’s session as tensions between the United St ...
investingLive Americas FX news wrap 12 May:Hot CPI reignites inflation fears
US stocks close mixed. Rotation out of high flyers, and into industrialsUK Energy Min. Milband told cabinet ministers ...