PBOC sets USD/CNY reference rate at 7.1091 vs. 7.1102 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1091, as against the previous day's fix of 7.1102 and 7.2367 Reuters estimates.

May 27, 2024

WTI remains above $77.50 due to improved risk appetite

West Texas Intermediate (WTI) crude Oil price inches higher due to a recovery in overall market risk appetite, likely driven by investors' anticipation of a rate cut from the Federal Reserve (Fed) in September.

Gold price gains traction, Israel strikes Rafah boosts safe-haven flows

Gold price (XAU/USD) gathers strength on Monday. The softer US Dollar (USD) and the renewed escalating geopolitical tensions in the Middle East provide some support to the yellow metal.