On track to test 6.80 with strong local demand – Societe Generale

On track to test 6.80 with strong local demand – Societe Generale

Societe Generale analysts flag that CNY is on course to test 6.80 for the first time in three years, even as the People’s Bank of China (PBoC) moderates the pace of appreciation via weaker fixings. Robust domestic savings are supporting Chinese government bonds, while stronger‑than‑expected first‑quarter growth and a solid export performance underpin the Yuan […]

US President Trump confirms talks, threatens to destroy Iran

US President Trump confirms talks, threatens to destroy Iran

United States (US) President Donald Trump just confirmed on Truth Social that US representatives are going to Islamabad, where negotiations with Iran will take place on Monday. However, he also ranted on Tehran’s decision to re-close the Strait of Hormuz, and once again, threatened to destroy all Iranian power plants and bridges. Iran decided to […]