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About: anakin
Recent Posts by anakin
The PBOC establishes the USD/CNY rate at 7.1745, significantly below the expected 7.2857.
PBOC sets yuan midpoint, allowing +/- 2% fluctuation. Recent injection: 97 billion yuan; net drain: 195.5 billion.
After a week of losses, gold dropped over 3% as trade policies and recession concerns strengthened the USD.
Gold prices fell over 1% due to a stronger US Dollar and trade policy concerns amid economic uncertainty.
In Australia, Q4 2024 Business Inventories rose 0.1%, surpassing expectations, boosting GDP forecasts.
Australia’s business inventories rose 0.1% in Q4 2024, while operating profit surged 5.9%, exceeding expectations.
After the US PCE data, the AUD/USD pair fell to a three-week low around 0.6200.
AUD/USD fell 0.54%, nearing 0.6200, impacted by tariffs, weak Australian data, and US PCE figures.
Japan’s February Manufacturing PMI recorded 49.0, indicating ongoing contraction amid weak global demand challenges.
Japan’s Manufacturing PMI rises to 49.0 but remains in contraction amid weak demand, rising costs, and uncertainty.
