Sensitive to Iran headlines after pullback – Danske Bank

Sensitive to Iran headlines after pullback – Danske Bank

Danske Research Team reports that Brent Crude slipped about 2% to USD 109.8 per barrel after President Trump paused a large-scale strike on Iran to allow negotiations. They add that a US sanctions waiver on Russian seaborne crude and record US reserve draws have left Oil markets highly sensitive to any renewed escalation in the […]

Gold price in India: Rates on May 19

Gold price in India: Rates on May 19

Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 14,103.90 Indian Rupees (INR) per gram, down compared with the INR 14,188.23 it cost on Monday. The price for Gold decreased to INR 164,500.60 per tola from INR 165,488.70 per tola a day earlier. Unit measure […]

PBOC sets USD/CNY reference rate at 6.8375 vs. 6.8435 previous

PBOC sets USD/CNY reference rate at 6.8375 vs. 6.8435 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8375 compared to the previous day’s fix of 6.8435 and 6.7909 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, […]