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7 May 2024

PBoC sets USD/CNY reference rate at  7.1002 vs 7.0994 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at  7.1002 as compared to the previous day's fix of 7.0994 and 7.2143 Reuters estimates.

May 7, 2024

Gold price extends recovery as markets react to downbeat jobs data

Gold price (XAU/USD) extends its recovery on Tuesday. The uptick of the yellow metal is bolstered by the weaker US dollar (USD) after recent US Nonfarm Payrolls (NFP) data boosted bets that the Federal Reserve (Fed) would cut interest rates later this year.
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