PBoC sets USD/CNY reference rate at 7.1069 vs 7.1042 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1069 as compared to the previous day's fix of 7.1042 and 7.2366 Reuters estimates.

May 21, 2024

Japan's Suzuki: The weak yen has positive and negative aspects

Japanese Finance Minister Shunichi Suzuki said on Tuesday that there are both advantages and disadvantages of the weak Japanese Yen (JPY), but he is more concerned about the negative aspects of the weak JPY.

Gold price extends its upside as investors bet on rate cuts

Gold price (XAU/USD) extends the rally on Tuesday after retracing from a record high earlier.