PBoC sets USD/CNY reference rate at 7.1016 vs 7.1002 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1016 as compared to the previous day's fix of 7.1002 and 7.2202 Reuters estimates.

May 8, 2024

WTI remains on the defensive around $78.00 amid signs of easing supply tightness, stronger US Dollar

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $78.00 on Wednesday.

Australian Dollar loses ground due to the absence of a hawkish RBA

The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday.