The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. prior close 6.7942 more to come This article was written by Eamonn Sheridan at investinglive.com. Source link
Japan posted a current account surplus of $3.968 trillion yen in May, the Ministry of Finance said on Wednesday. That missed expectations for a surplus of 4.121 trillion yen and was up from 3.908 trillion yen in April. Exports were up 14.7 percent on year at 9.360 trillion yen and imports rose an annual 8.1
2026.07.07 2026.07.08 Weekly Economic Calendar for 13.07.2026–19.07.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Despite the Fed’s hawkish stance, disappointing US labor market data released earlier this month dampened market expectations regarding the extent of the Fed’s policy tightening. In June, the nonfarm payrolls report showed an increase of only 57,000 jobs, falling well short of the projected 110,000. This
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Asada’s comments give the yen little fresh direction, since his message is essentially a conditional one, open to hikes but not committing to a timeline. The reference to a rapid pass-through of higher costs will draw attention from rate traders, as it suggests underlying price pressure is broader than the recent moderation in headline inflation
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of May. The Commerce Department said the trade deficit widened to $77.6 billion in May from a revised $54.6 billion in April. Economists had expected the trade deficit to surge to
Crude oil futures have been trending lower since topping out at a corrective high of $110.93 on April 30. That decline extended to a low of $67.04 last week, a drop of $43.89, or roughly 39.6%, from that peak. Last week’s low briefly pushed below the February 27 closing price of $67.28—the day before the
Iceland’s foreign trade deficit increased in June from a year ago as imports grew faster than exports, preliminary figures from Statistics Iceland showed on Tuesday. The trade gap widened to ISK 57.4 billion in June from ISK 39.8 billion in the corresponding month last year. In May, the shortfall was ISK 56.9 billion. Both exports
Financial markets spent much of today’s session waiting rather than reacting. Most major currency pairs traded comfortably within yesterday’s ranges as investors resisted making large directional bets ahead of tomorrow’s RBNZ decision and next week’s US inflation report. Dollar and Yen were the day’s strongest performers, but neither attracted enough follow-through buying to establish fresh
What the numbers say JPMorgan is forecast to report adjusted earnings of $5.62 per share on revenue of $49.5 billion, with the consensus EPS estimate revised up 3.7% over the past four weeks. The bank has beaten on earnings in each of its last eight quarters, and shares sit near $338 against an average analyst
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The explosive post-IPO price action on SpaceX has entered a potential bearish consolidation phase. After surging from its 135.00 IPO floor to an intraday all-time high of 225.64 on 16 June 2026, the stock has shed 28%, closing at 160.42 on Monday, 6 July 2026, signalling that the initial hyper-bullish impulsive wave has reached exhaustion.
Bitcoin may have delivered one of its most encouraging signals in weeks, but it was not the rebound itself that mattered. Instead, it was the market’s ability to absorb heavy institutional selling without extending its decline. After briefly falling below USD 58,000 last week, Bitcoin quickly reclaimed the USD 60,000 level and still finished the
China gold reserves at the end of June 2026: 75.44 million troy ounces In May 2026: 74.96 million troy ounces China gold reserves value at the end of June 2026: $303.72 billion In May 2026: $340.75 billion Central bank buying in gold has cooled a little since the turn of the year but China is
