Iran says two tankers mined and blown up in Strait of Hormuz
Iran’s claim that two tankers were destroyed by mines in the Strait of Hormuz marks a significant escalation fr ...
PBOC sets USD/ CNY reference rate for today at 6.7948 (vs. estimate at 6.7821)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here.Previous clos ...
China holds loan prime rates steady as growth slows and yuan firms. 1-year LPR at 3.0%, 5-year at 3.5%
I wrote on the LPRs earlier and how they are not the policy lever they once were:The People’s Bank of China is ...
Moonshot pauses Kimi K3 signups as chip stocks tumble on China AI fears
Moonshot’s decision to pause new Kimi K3 subscriptions just days after launch is being read less as a company-s ...
PBOC is expected to set the USD/CNY reference rate at 6.7821 – Reuters estimate
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), ...
Brent tops $90 as US, Iran attacks intensify across Middle East – where we’re at
Monday’s move takes Brent to its highest level since June 11 and builds on last week’s 15.9% gain, the bi ...
UKMTO have received information from a verified source that a vessel is on fire, Strait of Hormuz
Oil will remain underpinned by US-Iran war escalation. UKMTA are cautious, not attributing the fire to any speci ...
Yen on intervention watch as Tokyo holiday thins liquidity, a recipe the Ministry of Finance likes!
USD/JPY trading near 162.50 with Tokyo closed for a holiday puts the pair firmly back in territory that has previousl ...
US launches ninth night of Iran strikes as missiles fly from Kuwait
The sharp drop in Strait of Hormuz transits, to just four vessels on Sunday from eight the day before, is a tangible ...
NZD slips despite June trade surplus as US dollar strength bites
The trade data itself is broadly neutral for the New Zealand dollar, with a modest monthly surplus doing little to of ...
Goldman Sachs note hints China’s real gold accumulation may be much more than double official numbers
Goldman Sachs’ estimates point to central bank gold demand running well ahead of what official reserve figures ...
Iran fires new missile wave at Gulf as oil and dollar both jump – escalation fueling gains
Monday’s early rally in both oil and the US dollar reflects a classic risk-off reaction to a conflict that is n ...