PBOC sets USD/CNY reference rate at 6.8349 vs. 6.8397 previous

PBOC sets USD/CNY reference rate at 6.8349 vs. 6.8397 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8349 compared to the previous day’s fix of 6.8397 and 6.7955 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, […]

Australia’s S&P Global Manufacturing PMI declines to 50.3 in May

Australia’s S&P Global Manufacturing PMI declines to 50.3 in May

The preliminary reading of Australia’s S&P Global Manufacturing Purchasing Managers Index (PMI) declined to 50.3 in May versus 51.3 prior, the latest data published by S&P Global showed on Thursday. The Australia’s S&P Global Services PMI eased to 47.7 in May from the previous reading of 50.7, while the Composite PMI fell to 47.8 in May […]

Gold rallies as Fed minutes flag hikes, US Dollar slides

Gold rallies as Fed minutes flag hikes, US Dollar slides

Gold (XAU/USD) finds bids and edges higher during the North American session on Wednesday after the Federal Reserve’s (Fed) last meeting minutes showed that most officials favored laying the groundwork for a rate hike. At the time of writing, the XAU/USD pair trades at $4,530, up by 1%. XAU/USD climbs as lower yields offset hawkish […]