PBOC Bolsters Hong Kong Financial Links with Quota Hike, Gold Connect
China's central bank raised the Southbound Bond Connect quota and committed more forex reserves to Hong Kong, coinciding with new gold market links.
Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
China's central bank raised the Southbound Bond Connect quota and committed more forex reserves to Hong Kong, coinciding with new gold market links.
An unconfirmed social media report alleges a Chinese economist was detained after a pessimistic lecture, potentially impacting economic discourse.
China's central bank established the yuan's daily midpoint at 6.8054 against the US dollar, diverging from market forecasts.
Reports indicate Iranian forces fired missiles at commercial ships in the Strait of Hormuz, sparking renewed worries about maritime safety.
Japan's May 2026 economic figures show household spending exceeding forecasts while wage growth slightly underperformed expectations.
A tanker reportedly sustained a projectile hit and fire near Oman, prompting investigations and a brief uptick in oil prices.
Despite expectations for a rate increase, the New Zealand dollar's upside may be constrained if markets view it as a singular event.
The British Pound advanced significantly against the Japanese Yen, achieving its highest level since 2008 and surpassing the 217.00 mark.
MUFG suggests EUR/USD could rebound towards 1.1800, citing improving eurozone economic resilience and business confidence.
US equity index futures advanced during the Globex reopening, with market observers contemplating potential shifts in inflation dynamics.
Silver prices declined over 1% on Monday, with XAG/USD trading around $61.80 after an earlier peak, despite a weaker US Dollar and lower Treasury yields.
A divergence in views among Federal Reserve officials regarding the utility of forward guidance emerges, as markets await new policy insights.
Bitcoin's value climbed above $64,000, influenced by notable political commentary and a significant corporate transaction.
The Japanese Yen continued its depreciation against the US Dollar, prompting market speculation about potential intervention from Japanese authorities.
The Singapore Dollar's recent upward trend against the US Dollar has moderated, with analysts anticipating a period of consolidation.
A recent social media post by former President Trump regarding Walmart's beef prices has drawn attention amid ongoing inflation discussions.
Canadian oil companies are accelerating production from the Clearwater formation, leveraging quicker drilling cycles to respond to market demands.
Major US stock indices closed higher, with the Dow Jones Industrial Average reaching an unprecedented level and the Nasdaq leading gains.
Japan's May economic data indicates continued wage growth, while household spending likely contracted for the sixth consecutive month.
The Australian Dollar advanced for a third consecutive session as market participants re-evaluated Federal Reserve interest rate projections.
The Chinese Yuan and equities are significantly under-owned compared to other Asia-Pacific assets, indicating potential for renewed interest.
Indonesia recorded its first trade deficit since the pandemic in May 2024, driven by a significant oil and gas shortfall, raising external risk questions.
Crude oil futures concluded the trading session slightly lower, encountering resistance near key technical indicators.
The New Zealand Dollar faces downward pressure against the US Dollar, influenced by hawkish Federal Reserve commentary and robust US economic indicators.
Real-time quotes powered by TradingView