PBOC sets USD/CNY reference rate at 7.1889 vs. 7.1881 previous
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1889, a marginal increase from the previous 7.1881. The move reflects Beijing’s steady approach to maintaining currency stability amid fluctuating global economic conditions. This minor adjustment signals the central bank’s commitment to a calibrated monetary strategy, balancing internal and external pressures. Analysts […]
BNB Price Forecast: Binance bulls target $750 as Trump drives crypto trading volumes to a record high
Binance Coin (BNB) is gaining momentum as trading volumes across the cryptocurrency market hit unprecedented levels, driven by renewed interest from high-profile developments such as Donald Trump’s crypto-related transactions. The heightened activity has propelled BNB closer to the $750 mark, with traders betting on its sustained upward trajectory. The surge comes as overall crypto market […]
WTI drifts lower below $78.00 on halt in Houthis’ Red Sea attacks
West Texas Intermediate (WTI) crude oil dropped below the $78 mark as the market digested a pause in attacks on shipping lanes in the Red Sea by Yemen’s Houthi forces. The retreat underscores lingering concerns about global demand and geopolitical stability despite the temporary halt in disruptions. The Houthis’ suspension of assaults on critical maritime […]
Gold price surpasses $2,700 as Fed’s Waller turns dovish
Gold prices soared to an all-time high of $2,700 per ounce amid growing signs of a policy shift by the Federal Reserve. Comments from Fed Governor Christopher Waller, indicating a more cautious stance on further rate hikes, fueled optimism in the market, bolstering demand for the precious metal as a safe-haven asset. Waller’s dovish remarks […]
EUR/USD strung along 1.03 ahead of thin Friday docket
The EUR/USD pair held near the 1.03 level on Friday, reflecting subdued trading conditions as markets prepared for a light economic docket. Investors remained cautious, with little impetus from data releases to drive significant price movement. With a lack of economic catalysts, traders are turning their focus to next week’s key events, including U.S. Federal […]