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Chile’s electricity supply is recovering, with approximately 25% of demand restored to the grid.

Chile’s grid operator reports 25% power restoration after a nationwide outage, impacting copper operations, with full recovery expected soon.

As the US Dollar strengthens, EUR/USD falls back to approximately 1.0500 during Asian hours.

EUR/USD declines to 1.0500 as US Dollar strengthens; Treasury yields rise, while Euro sentiment improves on Germany’s plans.

Reuters anticipates the PBOC will establish the USD/CNY reference rate at 7.2526 soon.

PBOC sets the USD/CNY reference rate at 7.2526, managing fluctuations within a floating exchange rate system.

During Asian trading hours, the USD/JPY pair rises to approximately 149.30 due to modest dollar strength.

USD/JPY rose to 149.30, but BoJ rate hike expectations and risk-off sentiment may limit further gains.

A power outage in Chile disrupted copper mining operations and led to a government-imposed curfew.

A major power outage hit Chile, disrupting cities, transport, and key copper mines, prompting emergency measures and curfews.

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