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The People’s Bank of China established a USD/CNY central rate of 7.1717, slightly up from 7.1696.

PBOC set the USD/CNY rate at 7.1717, using monetary tools to maintain stability and support growth.

Following German election results, the euro has strengthened, pushing EUR/USD above 1.05.

The Euro rises above 1.05 as German conservatives win, boosting confidence despite expected coalition negotiations.

During the Asian session, GBP/USD rises above the mid-1.2600s, nearing Friday’s two-month high.

GBP/USD climbs on weak USD, supported by strong UK data, despite BoE outlook; further gains possible.

The USD/JPY has fallen below 149.00 as concerns over JGB yields have eased.

USD/JPY falls below 149.00 as yen strengthens amid easing concerns over Japanese Government Bond yield increases.

On Sunday, China revealed its 2025 rural revitalisation strategy, detailing reforms and development priorities.

China’s No.1 document focuses on rural reforms, agricultural productivity, and grain security, impacting Australia’s trade and AUD.

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